Dedollarisation/Dewesternisation/Deamericanisation

I have sounded the warning!

Google Internet and YouTube for more information and coverage!

Read/listen and learn for yourself!

Definitely A GAME CHANGER this time!

Ok Mokkie :+1: Lucky you warned us.

1 Like

60% of global reserve currency is in USD, global trading in USD increased from 2019 to 2022, but suuuure dedollarisation is coming. :roll:

1 Like

Read news from the past six months and you’ll find the sources…BRICS, ASEAN, PRC, Iran and Russia.

They are starting to trade oil etc in other currencies and not USD!

USD domination of the last seven decades is now being challenged! I don’t think it’ll tank but its value will depreciate globally due to lack of demand.

And their trade volumes for oil are miniscule. It’s good for clickbait, nothing more.

Just as real as the global realities of 2022. :+1:

Are you trying to help Google?

:joy:

2 Likes

The greenback is here to stay for some time still, a good mix of the usual suspects (usd, jpy, eur, still some gbp) and the international trade keeps moving. Other currencies are either too instable or cohercitive to sustain international trade

1 Like

I think most of us are aware of the BRICS attempts to create a new reserve currency to challenge the hegemony of the petrodollar. To create as many have written a multi polar world, not to replace the US dollar but provide alternative(s).

Saudi Arabia seems onboard and many other countries have been showing interest. Some recent notable developments include Brazil showing a willingness to trade in Chinese Yuan.

https://www.news.com.au/finance/markets/world-markets/brazil-china-ditch-us-dollar-for-trade-payments-favour-yuan/news-story/682a517c37ba14f306e65ad0e83f6307

Ultimately we will have to wait and see, I’d lean much more towards @Mataiou prediction the US dollar isn’t going anywhere anytime soon, Tucker Carlson did a piece on the same topic which was more like gloom and doom, Youtube will have the piece from a few days ago, “this will lead to poverty all over the US”.

2 Likes

Wait, what? You mean this whole exchange is pointless because all I have to do is Google things? I guess @GooseEgg has been wasting his money maintaining a forum when we can all google things?

What is your argument? You’re making a statement, what have you seen? What argument are you trying to make? Why should I be convinced?

3 Likes

This just occured to me but if Saudi Arabia and Brazil start trading in Yuan etc… seems like the USD might appreciate as those countries will have fewer USD to trade with.

Those countries trading in other currencies won’t have as many dollars and trade for commodities etc from other traders who might not accept anything other than the USD.

So many debtors owing USD means they have to keep trading in USD.

2 Likes

Oof, are you up to date on the news?

I’ve never heard of that country.

Much nationality :joy:

For those who don’t know exactly how big a deal BRICS is, this thread serves as a good illustration

This year is very different!

The alliance of PRC, Saudi Arabia and Iran is one big game changer!

The autocracies are teaming up financially, economically and politically.

Bipolarity is forming and creating division and disunity.

Due to this crisis the feds printed QE three times flooding usd globally and inflating asset bubbles up to the present.

With high volumes of usd in circulation and the decline of the dollar in global trade the value of usd will depreciate.

India is about to surpass China in population with 1.42bil next week.

China is now challenging usa with trade currencies as usa’s economic sanctions are biting hard!

In the past war was fought with military and weaponry but in this century…digitally and numerically (money)! Also orbitally and in cyberspace!

As autocracies are trying to unleash usd shackles from their economies, the creation of a new currency for trade will weaken usd as less countries will need to buy usd reducing demand on the dollar and flooding market with usd and depreciating its value.