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The Euro is the only currency that could in theory displace the dollar.@Romulus augustulus and @Sock-to-Lurk about the de dollarization.
The us economy is huge and not really plugged into global trade like other nations say CHINA, JAPAN, GERMANY etc.
Us exports in 2021 were just 10% of GDP and half of that is trade with canada and mexico.
This mean that (while the FED is pants on head retarded) it doesnt play the games china, japan, or germany play when they can devalue their currency to boost exports.
Also I ve asked on this site more than once about de dollarization why is it poor resource extraction countries that are gonna de throne the dollar? Why isnt it the EU? The EU countries are more developed.
Yeah. Also these girls are encouraged to flaunt and tease their sexuality with guys who think they have a shot with her.Isn't that the exact reason why GamerGate started?
Looking at trends over time, it’s pretty interesting. The trend line is definitely going downward though. Seems like the dollar as a reserve currency got two shots in the arm: the petrodollar and the fall of the Soviet Union. Two major moments where the west was able to theoretically demonstrate its strengths. These days the west is only capable of exporting gay sex. Not a surprise that the dollar continues to be abandoned.But it is how it works as it explains the current situation. Dedollarization is happening for reasons stated earlier. The US economy is weakening at the same time. Your opinion is out of date.
For example, both countries spend a great deal of resources keeping the lid on dissent, up to and including deleting posts in real-time. Population of both countries is aging quickly, and shrinking.
Game theory: Mafia economyAlso I ve asked on this site more than once about de dollarization why is it poor resource extraction countries that are gonna de throne the dollar? Why isnt it the EU? The EU countries are more developed.
This is a whole lot of burger cope. We also smash our own domestic dissent via Google and cancel culture. Remember COVID lockdowns? That was the government completely buck breaking the American citizen. We then tried to cancel culture entire countries and make neutral nations comply, which is why BRICS is even an idea in the first place. We have a declining population that we cover up with illegal immigration to avoid the fact that divorce and feminism have wrecked the concept of the American family. This is also combined with the US finishing its transition into a service economy instead of a manufacturing one, which is why Ukrainian logistics suck; they depend on the US's ability to arm them and we continue to produce arms at peacetime quotas despite all desire from Washington to produce in wartime amounts.Both China and Russia have problems we should be glad we don't have. For example, both countries spend a great deal of resources keeping the lid on dissent, up to and including deleting posts in real-time. Population of both countries is aging quickly, and shrinking. Russia's much worse off, with about 143 million people over their six-million-plus square miles. The "one-child policy" has done enormous, ongoing damage to China.
The USA is by no means perfect. We often seem to shoot ourselves in the foot. But we also have a capacity for fixing our problems.
Because the EU is a collection of US vassal states* that are freaking out when they got cut off from Russian energy. As a result, they are now dependent on US selling them our overpriced LNG that we ship to them, which is also not in abundance because the US doesn't like producing petrol. Leftist governments are obsessed with the green energy fad and actually govern with it in mind. Combined with how Russia now sells its energy--in rubles, not dollars--other nations have realized that there might be an alternative to the petroldollar financial market. So now, they're experimenting to see how well trading commodities in local currency is working and China happens to be the biggest of them economically. This is why BRICS is an actual consideration and not a meme.Also I ve asked on this site more than once about de dollarization why is it poor resource extraction countries that are gonna de throne the dollar? Why isnt it the EU? The EU countries are more developed.
and yet the USD retains 84.3% of use global trade.Yeah. Also these girls are encouraged to flaunt and tease their sexuality with guys who think they have a shot with her.
Looking at trends over time, it’s pretty interesting. The trend line is definitely going downward though. Seems like the dollar as a reserve currency got two shots in the arm: the petrodollar and the fall of the Soviet Union. Two major moments where the west was able to theoretically demonstrate its strengths. These days the west is only capable of exporting gay sex. Not a surprise that the dollar continues to be abandoned.
Conservatives are obsessed with the “one weird trick” thought processes so they can keep doing nothing. The idea that the yuan could take over is considered as far fetched as Britons in the 1910s sipping tea and chortling at the idea that the dollar would ever be used as a serious currency and the sterling is as solid as ever! The idea that the dollar is invincible is valid until it isn’t. The slow and steady decline these last couple decades doesn’t mean the problem gets fixed once Brandon leaves the White House either.
tl;dr - the people that think nothing is going to happen to the dollar are tards hopped up on purestrain copium
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The model for this is being implemented in Nigeria right now. As expected, nobody bought in when it was released which pissed off the central bank of Nigeria. They ordered all the banks under them to stop issuing cash and it forced most of the country to participate in the CBDC system or they wouldn't have any access to their bank accounts. Leave it to the government to corrupt a technology designed to break people out of financial tyranny.Central Bank Digital Currency. Will make surveillance and enforcing Social Credit Scores much easier.
So there were these things called World War 1 and World War II.Conservatives are obsessed with the “one weird trick” thought processes so they can keep doing nothing. The idea that the yuan could take over is considered as far fetched as Britons in the 1910s sipping tea and chortling at the idea that the dollar would ever be used as a serious currency and the sterling is as solid as ever!
meanwhile if I kill myself I don't get to have a church funeralThis is hearsay, but lines up with modern versions of cuck Christianity. These people hate you, stop trying to break bread with them:
two parts here Europe are US bitches for military security during the cold war they got oil from the middle east, and they can just go there.Because the EU is a collection of US vassal states* that are freaking out when they got cut off from Russian energy. As a result, they are now dependent on US selling them our overpriced LNG that we ship to them, which is also not in abundance because the US doesn't like producing petrol. Leftist governments are obsessed with the green energy fad and actually govern with it in mind. Combined with how Russia now sells its energy--in rubles, not dollars--other nations have realized that there might be an alternative to the petroldollar financial market. So now, they're experimenting to see how well trading commodities in local currency is working and China happens to be the biggest of them economically. This is why BRICS is an actual consideration and not a meme.
and yet the USD retains 84.3% of use global trade.
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There's no guarantee that it'll stay that way. This kind of normalcy bias and complacency very often has disastrous, even fatal, consequences.and yet the USD retains 84.3% of use global trade.
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Current Year liberals claiming to be the heirs of New Deal Democrats just makes me resent New Deal Democrats even more.America from the 40s is practically mythology. The average American has no interest or ability to fix its current problems.
*all enabled by the tyrant Lincoln. The man ruled the US like a king.Woodrow Wilson and FDR fucked the USA so fucking hard. The one-two punch by Dems.
I guess Dixie got the last laugh. The Yankees killed them so they decided that revenge was worth the suicide.
That chart proves my point though: trading in yuan more than doubled in just a year in just the past year and spurred obviously by the war. If it doubles or nearly doubles each year moving forward, the yuan will be a major player in a matter of a few years. Even if it “only” goes up a couple percentage points a year, it will carve out a big chunk of the market once locked in by the dollar in short order. There’s nothing really reassuring about that graph.and yet the USD retains 84.3% of use global trade.
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Sadly the “plot” seemed to be nothing more than a couple industry titans opining about that commie faggot FDR. I remember my shitlib American history teacher in high school making it seem like the American Mussolini almost goosestepped into the White House. Having said that, Smedley Butler’s War is a Racket should be required reading.I wish that supposed Righty plot to overthrow FDR back in the 1930s had materialized. Maybe we wouldn't be dealing with Clown World if we hadn't allowed the stooges of "Uncle Joe" Stalin to get their tentacles on us.
It would have happened either way. the north and the south are different countries. always have been. Now its expanded into rural vs urban but its the same divide that's been here for 400 years.Which only happened because the Slavery question was forced out of hand.
Franklin was right, should have gotten rid of it with the Declaration of Independence. That shit did lead to trouble 80 years down the line. Should have picked their own cotton.
It didn’t seem very smart to pick Butler to be their figurehead but if I recall he was considered the most respected general at the time.The Bussiness Plot never really left the speculation stage. Smedley Butler jumped the gun a bit claiming it was already a planned to go ahead thing. It is likely they just saw FDR as a threat and started brainstorming some nuclear option just in case, and made a severe mistake in judgement in selecting Butler to try and make into their Mussolini but under their control and telling him about it. Then again if they had waited to let Smedley in on the plot only once it was already going ahead they would have been even more fucked.
A more interesting fact about the Plot is how one of the people who were claimed to be involved on the high levels were the people in the high up of the Union Banking Corporation, a quite large bank that kept growing despite the Depression due to having ties to the Netherlands and Germany and helping move Euro steel money around. It was founded and had as one of seven directors a guy named Prescot who would go on to be a US Senator in the 50's. You might know him from his family from the work of his son and grandson, both named George who would go on to both be US Presidents. Ain't life funny?