It is the very fabric of the current world. 
Posted on 07/29/2025 3:10:54 PM PDT by Angelino97
If Trump’s policies are allowed to continue long enough, that should protect the dollar from de-dollarization, because Trump is taking steps to repair the economy.
we’re doomed!
And what will replace the dollar? The Yuan? The Ruble? The Euro? Bitcoin?
Ahhh….there in lies the rub.
Trump’s policies will be in place through January 2029. Then they will change.
Sell it all.
Today.
IOW we have recovered from such before, although our balance sheet wasn't nearly so bad. Interest rates back then were still an outrage after the S&L crash.
DOOMED !
.
We Are ?
.
😊
If you kill the dollar, you destroy civilization and we enter a new Dark Ages.
It is the very fabric of the current world.
It is the very fabric of the current world.
And what will replace the dollar?
————-
Gold has replaced US debt instruments. Central Banks are buying historic amounts.
“Central Banks are buying historic amounts.”
Why is Russia selling?
Gold is perhaps the worst kind of asset to run an economy on.
Gold is for “after the collapse.”
Again, what is going to replace the dollar as the reserve currency?
There is no answer.
Yuppers!
.
I know somethings’ Up
They Just Raised my Rent on
STORAGE!
And the dollar is only worth half as much as in 1994, too. So the situation is worse than it appears.
$59 billion is just a couple of fun weekends in Congress.
“ The survey measured the value of foreign holdings of U.S. securities as of June 30, 2024, to be $31,288 billion, with $16,988 billion held in U.S. equities, $12,982 billion held in U.S. long-term debt securities [1] (of which $1,635 billion are holdings of asset-backed securities (ABS) [2] and $11,347 billion are holdings of non-ABS securities), and $1,319 billion held in U.S. short-term debt securities. The previous survey, conducted as of June 30, 2023, measured the value of total foreign holdings of U.S. securities at $26,872 billion, with holdings of $13,719 billion in U.S. equities, $11,967 billion in U.S. long-term debt securities, and $1,186 billion in U.S. short-term debt securities”
https://home.treasury.gov/news/press-releases/sb0037
This is all about banks as middlemen in exchanges. For some last decades Western banks have dominated, particularly the BIS, which is HQ'd in Switzerland. When transactions for "international settlements" happen by other avenues, the BIS loses traffic and fees. The IMF has what are called "special drawing rights" so this is among the global institutions -- threatened. We have US and European accounts; any transactions between them means "we pay" and sometimes "we pay." For a simple, almost cost-free electronic message. As to prices and trade, it will still come down to supply and demand, but if a middleman continues in any exchange, it is an additional cost. Currently the Western international system has little competition. It is competition and other ways of transaction which are causing worries to those atop the system.
Beat me to it. Gold is becoming the new global reserve asset. Countries' central banks are reducing their dollar holdings and buying gold.
Again, what is going to replace the dollar as the reserve currency?
——————
You are stuck in old thinking, there does not have to be a “ reserve currency “, as monetary history shows us.
Monopolies in anything never last. History shows us Gold is neutral, it has been the monetary base for 5,000 years. It is not political, and we can thank senile Joe for weaponizing the USD, the world has clearly had enough and won’t risk buying USD’s or debt instruments so that one day their US “ money” can be also confiscated.
I love the irony of it, and Trump can not do a thing about it - trust had been lost in the USD. He can’t force to buy our debt, if he tries, he is no better than senile Joe.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.