Posted on 05/17/2025 9:54:58 PM PDT by delta7
Countries around the world are actively seeking alternatives to the US dollar for international trade and reserves. This trend has dramatically increased in 2025 as numerous countries are adopting different approaches to wean themselves off the American currency, reflecting a vital change in the world’s financial system since World War II.…..
…… of writing, major economies from Asia, Africa, South America, and even some parts of Europe are following their own footsteps in leaving the dollar hegemony behind. This movement is fundamentally altering global trade patterns and also putting into question the international monetary arrangement which has been around for almost eight decades.
Complete List of Countries Leading De-Dollarization Efforts….. The U.S. (dollar) will continue to be a leading world currency, (but) it will no longer be the dominant world currency.”
bluster
For all of the economic ups and downs, EVERYONE still wants to come here; everyone still wants to sell their shhhtuuff here.
and our freeer market, not free totally, is better than those devised by marketeers that control every aspect of economics as in china and russia. brics will be a brick as soon as china says the yuan is worth what it really isn’t.
I was very pessimistic on the state of the dollar. Then I read an article (almost certainly from here, and in the last half-dozen years) that laid out the situation of other major currencies. While we suck, they suck worse!
As a result, I am much less pessimistic.
“They will also stop using US banks to clear international transactions. That makes it harder for the U.S to impose sanctions on other countries.”
Yep, and we lit a fire under their feet by weaponizing the US Dollar against Russia.
Not the BRIGHTEST move in our history.
“America is THE major market for so many countries and companies.”
This isn’t 1950 anymore.
Until you click the link to see the list.
The sanctions on Russia spooked a lot of countries.
It is totally understandable that they wanted a Plan B.
The Dctators have filled their pockets and now are hoping for another source to keep the cash flowing.
President Trump has disrupted the whole world. Nothing is now as it was.
Reporting is based on was is invalid assumption
The dollar isn’t going anywhere, any time soon.
Trade isn’t going to happen in gold, rubles, rupees, rials, yuan, or yen.
Until there is a better currency…the dollar will remain the cleanest dirty shirt in the closet.
The Russian economy is crap. It has been. It is worse now.
Suggesting they are impacting global use of the dollar is akin to suggesting the drunks in the trailer park behind the Walmart are having a huge impact on National GDP.
I don’t want to say that Russia doesn’t matter….but they don’t.
The reason is much simpler.
Those seeking de dollarization are poor and incompetent with nothing to sell to acquire US$. They therefore want currency to buy imports with
The issue is not the Russian economy.
The issue is that the Biden gang proved that if the US does not like you they will steal your money.
Countries all over the world—including much of the Middle East and South America—concluded that they were doing things or might be doing things in the future—that the US might not like.
They reasonably concluded that they needed a Plan B—the US was too fickle to be trusted over the long term.
The treasury and the fed adjust the volume of dollars - real and in electronic transactions - that are in circulation, so that such moves are not movers of the value of the dollar.
Imagine you are the largest bread manufacturer in the world—and you double the quantity of bread you produce.
Does it affect the value of bread per loaf?
Yup.
The money that is dominating the world is smart money. Smart money can’t be faked or reproduced . Smart money is truely scarce, and will never stop increasing in value as long as other countries continue to keep printing more of their money. Reproducible money is not smart. The digital counterinsurgency is almost 20 years old now, but still some folks have no idea about this war or whose fighting it.
Some of the larger countries/economies we are talking about:
—China
—Russia
—India
—Brazil
—Argentina
—Saudi Arabia
—UAE
Who could possibly want their natural resources/raw materials/manufactured goods?
Lol.
My view is that at the end of the day no currency—or cryptocurrency—or even paper with claimed collateral of precious metals—is trustworthy at the end of the day.
Short term trades can be made in any currency because the risk of collapse in the short term is always low.
Long term holdings are where risk starts to kick in....
Your analogy is wrong.
What maight happen is a reduction, not an increase in how many dollars need to be in circulation. And, if that need is reduced, the treasury and the fed insure the volume is adjusted for the reduced demand, insuring that reduced demand, offset by the reduction of money in circulation, is not a factor in the dollar value.
If that happens, expect the only people able to buy groceries will be multi-billionaires. New US notes, at the lowest denomination, will be in the trillions.
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