Reply to We almost (might have) lost reserve currency status

Forum Index » Political Discussion

Reply to "We almost (might have) lost reserve currency status"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The U.S. dollar's days as a reserve currency were numbered from the moment the Biden Administration weaponized it by seizing Russia's dollar reserves (basically telling Russia "the dollars you have aren't any good anymore until we tell you they're good").

No sane country -- certainly not the powerful countries like China, India, Saudi Arabia, Brazil, etc., would ever count on U.S. dollars being a reserve currency after that move.

This doesn't mean the end, though. A country doesn't need to control the international reserve currency to be wealthy and successful. It's just going to be different from now on. Prepare accordingly.[/quote]
[b]Don’t break international law by invading another country and your dollars are fine.[/b][/quote]

Setting aside the invasions of Iraq and Afghanistan, the bombing of Libya, U.S. troops in Syria, the bombing of Yemen, and the current threat of more bombing in Iran, none of which were sanctioned by the U.N. ...

It doesn't matter. Other countries don't want to hold a "reserve currency" that can be turned off at the flip of a switch by whatever the U.S. thinks is bad behavior. Whether it's China in Tibet (or one day, Taiwan), Russia in Afghanistan (again), Saudi Arabia at war with Yemen (again), India having a war with Pakistan, or even the EU taking its own approach to the Ukraine/Russia war independent of what the United States does, etc., no country wants to be subject to permission from the United States to conduct military operations or foreign affairs.

It doesn't matter if you hate Russia. Nobody cares. Nobody is forced to use the U.S. dollar. And increasingly, they won't. [/quote]

If that's the case then why is the Euro, Pound and Yen not tanking?  They imposed the same sanctions.

Why is the Rial, Ruble, Rupee, Rand and Renminbi dropping if they're selling dollars.

Face it, Russia is irrelevent.  This is happening because we starting slinging poop at our allies because the big brains in Congress gave all power to a chimpanzee.[/quote]

The euro, pound, and yen do not have a turbo-boost in their value due to being the world's reserve currency. The U.S. dollar has had a "plus up" in its natural value due to being the global reserve currency. The era of the dollar being the world's reserve currency is coming to an end -- some think it will happen very quickly, others more slowly -- but it's coming to an end. That will remove the bonus value that the dollar has enjoyed effectively since WW2 and the value of the dollar will sink until it's fairly valued without that plus-up.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics