Is the dollar about to lose its power? Rubio’s take on global currency shift?
Is the dollar about to lose its power? Rubio’s take on global currency shift?
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Posted by Affectionate-Fix4671
8 Comments
No-Deal-2394 on
Maybe the US shouldn’t have tried to bully, strong arm, and ostracize all of their allies?
Something something with great power comes great responsibility.
GuyFromYr2095 on
That’s good isn’t it. You can then focus all your attention on domestic issues.
WhitishRogue on
The US dollar has been declining for many years. Partly due to the US constantly printing more money causing a steady decline in the dollar’s relative value. Partly due to the rise in other countries’ power. People will blame the US’s recent behavior, but it does nothing to explain decades of the trend.
Sanctions are a powerful tool and it’ll be interesting to see what replaces them. War can take many forms and I think we’ll see a rise in other asymmetrical tactics. Hacking, breaking trade agreements, drone sabotage, waterway control, etc.
Want to prevent war? Get nukes and viruses.
LooseCuseJuice44 on
We’ll hear me out, it’s a crazy thought but, we could work with other nations instead of bombing them into oblivion…
flower-power-123 on
Andrei Jikh has a video out where he talks about what is happening with the dollar:
It looks to me like Rubio is not on board with the stable coin plan. If this is a plan then who knows about it?
Sufficient_Grand_785 on
Well he said this as a critique of Biden if you look at the captions. I’m sure he’s claiming Trump has fixed this.
bindermichi on
It’s not just the Dollar. It’s payment systems. In the last year, the US has used its power over the payment processing to bully companies and individuals by excluding them from international payment systems. The result is that every other country has either strengthened or fasttracked their own payment processing systems and capabilities.
That is bad news for Visa/Mastercard, but it’s also bad news for the US government, which has no control over these non-US systems. So he is right in this point. Issuing financial sanctions only works if you control a critical point in money transfers.
Great job, everyone.
Select_Repeat_1609 on
The USD lost its unassailable petrodollar status when Saudi Arabia started trading more yuan than dollars for oil a few years ago. India is also happily trading oil in rubles, as is Hungary.
From here, as China grows more influential, the USD will slide.
8 Comments
Maybe the US shouldn’t have tried to bully, strong arm, and ostracize all of their allies?
Something something with great power comes great responsibility.
That’s good isn’t it. You can then focus all your attention on domestic issues.
The US dollar has been declining for many years. Partly due to the US constantly printing more money causing a steady decline in the dollar’s relative value. Partly due to the rise in other countries’ power. People will blame the US’s recent behavior, but it does nothing to explain decades of the trend.
Sanctions are a powerful tool and it’ll be interesting to see what replaces them. War can take many forms and I think we’ll see a rise in other asymmetrical tactics. Hacking, breaking trade agreements, drone sabotage, waterway control, etc.
Want to prevent war? Get nukes and viruses.
We’ll hear me out, it’s a crazy thought but, we could work with other nations instead of bombing them into oblivion…
Andrei Jikh has a video out where he talks about what is happening with the dollar:
https://www.youtube.com/watch?v=38qyqO44qrk
It looks to me like Rubio is not on board with the stable coin plan. If this is a plan then who knows about it?
Well he said this as a critique of Biden if you look at the captions. I’m sure he’s claiming Trump has fixed this.
It’s not just the Dollar. It’s payment systems. In the last year, the US has used its power over the payment processing to bully companies and individuals by excluding them from international payment systems. The result is that every other country has either strengthened or fasttracked their own payment processing systems and capabilities.
That is bad news for Visa/Mastercard, but it’s also bad news for the US government, which has no control over these non-US systems. So he is right in this point. Issuing financial sanctions only works if you control a critical point in money transfers.
Great job, everyone.
The USD lost its unassailable petrodollar status when Saudi Arabia started trading more yuan than dollars for oil a few years ago. India is also happily trading oil in rubles, as is Hungary.
From here, as China grows more influential, the USD will slide.