The Dollar is not a viable option anymore to risky & not in best interest of everyone - The US aggressive use of sanctions puts the dollar in danger

[Titanium100]

200+ Nations don't view the dollar as secure anymore hence the US has gotten to erratic with the sanctions over petty stuff such as policy disagreements and stuff like that. They are spamming sanctions or always using that sanction threat as leverage in politics over even petty stuff. These in washtington are becoming more and more erratic hence you can't put 7-billion peoples livelihood in jeopardy over emotional and erratic individuals sitting in washtington who are very childlike in nature and unpredictable.

I saw the recent report that Russia-China want to find ways to trade with each other outside the dollar but that is not the solution because both countries have more trade with other countries then they have with each other hence what they need is to create an alternative currency entirely that bypasses the USD.

Example if one country trade blocks another country that is okay and it is within their own rights who they trade with or not but one country shouldn't be able to sanction another country meaning impacting other countries trade with that said country this is not a viable solution for mankind in the long term as whole and trade shouldn't be politicized or used as means to pressure others with example the US has threatened Russia with SWIFT sanction meaning the US can block Russia's use of the SWIFT dollar system that is where countries get access to the dollar hence the entire problem comes back to the dollar and in truth it is just a piece of paper and the only reason it even has value is because of the peoples confidence in it and that can be undone within weeks if a good alternative is in place to take off tomorrow.

What needs to be done is as quick as 2022-2023 the Dollar should be unseated entirely as the world currency and a neutral global world currency should be in place where everyone will have equal access to it and without it being politicized.

Or a single global currency can be created from that same currency.. We create a new country that is neutral where all the international government bodies will move to and that is where the world central bank will be located and it pumps money including a world central bank in each country where they can pump currency meaning the whole world has 1 currency where SWIFT can't be blocked nor politics should be allowed to interfere with economy.

This plan could be passed immediately and majority will be in favor of it because it benefits them and the world is selfish if you bring a slightly benefit to any random joe he will accept it because there is benefits in it for them.. Basically this is a win-win-win formula for everyone

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America’s aggressive use of sanctions endangers the dollar’s reign

Its rivals and allies are both looking at other options

www.economist.com

 

[aziqbal]

I cam see all the Chinese are worried

 

[Communism]

The U.S. is the only high income country that is willing to cause recessions and depressions to curb inflation.

Until that changes, I see the USD being viable for 1000 years.

The downfall of previous currency regimes were due to unwillingness of the issuer to do that.

There is so much political will to curb inflation that most Americans are literally willing to make poor people unemployed to curb inflation.

The QE since the 2008 recession wasn't even politically popular at any point in time in the U.S., despite the fact that the U.S. would be in a depression if it didn't happen.

 

[Han Patriot]

I cam see all the Chinese are worried

I remember you telling me US will default on Chinese treasuries holding as compensation during the initial covid spread in US too. Lolol. 800k dead Muricans later...... Lololol

 

[CAPRICORN-88]

As the world's biggest exporter, initially she prefers RMB, etc over US dollar but today she is outrightly demanding for RMB as payments in her trade with other nations.

Guess which particular nation is getting worry?

 

[dBSPL]

There is such a great risk in front of the global markets that there may not even be a safe port of escape for the investor.


I can understand the dollar is in the spotlight here for some reason. But I think this can only characterize a small part of the problems that have accumulated like a mountain.

 

[American College Student]

American Elites fundamental grand strategy is generally misunderstood here on this site. The US government obviously wants "containment" of China and Russia and containment of allies of the Sino-Russian bloc yes. However the internal strategy of what constitutes the western "free world" is generally neglected on this site: Western elites generally want the national economies including the US economy suppressed, this applies Particularly to the natural resources and industrial resources sectors of the individual western economies.

Take the US for example; this is a big reason why our elites hated Trump so much because Trump wanted a strong, even hegemonic America that was however fundamentally based on the economic/political and military resources of the Nation-state of America, the elites don't want that however. The Current Ruling Classes in most of the western world basically want to convert the west as well as currently allied regions such as Latin America, India and the Sunni Muslim world: they basically want to incorporate all of the above regions into a giant free-trade zone with the individual nation-states surpressed and the borders between states reduced to basically just lines on a map at best.