Hahahaha. Nah man, china makes everything in it’s factories, and will take Africa and the Middle East with it. Add Russia, and what do you have? Complete and total dominance. Food, minerals, petroleum, and factories…
What does the US make again? Corn and soy? Try running a future economy on corn, soy, and LGBTQIA2S propaganda. It’s over. Unless we drill the shit out of Alaska and find a huge gold deposit at the bottom of the ANWAR.
USD is going away, it's just a slow process, as there is NO (as Every correctly states) A) currency to take the role of USD B) deep/large enough Gov debt markets to take over the role of US Gov debt C) replacement for SWIFT globally D) replacement for US controlled hubs/nodes of Internet/satellites/GPS needed for global trade settlement E) protection of global trade routes (beyond what US military does) E) Global system of settling deals, letters of credit, currency transactions in multi-currency systems instantly (well, IMF did just announce ÜniCoin, so it's the first needed step, but not enough).
None of that exists CURRENTLY.
Hence the eroding of USD will happen step by step, slowly, until the other pieces are in place.
While at the same time building up the middle class consumption potential of Asia, South America and Africa, to replace the "golden billion" consumers.
So, it's a slow burn. USD won't collapse overnight, unless there is a direct global war and USA is (again) stupid enough to weaponize the rest of the system it still controls.
And I'm writing this as NOT as a BRICS lover, but as a citizen living in the Golden billion countries - the sinking ship. I just call it as I see it. And this process is beyond my control, so no use denying it.
But yes, if you're time interval in investing or horizon in predictions is 1-3 years, then Every is right. USD is not going anywhere, it'll slowly erode, and because it does and US will squeeze the system, there will be a liquidity crisis causing USD to rise in valued vis-a-vis other fiat currencies, ironically leading into the hastening of the abandonment of USD by the other players.
Sure, it can all come crashing down due to stupidity and unforeseen consequences, but that is not in the interest of USA nor the BRICS+++ (crash is always uncontrolled, chaotic, causes problems... whereas slow phasing out is more easy to control).
Why? The BRICs system is incapable of success, they don't have enough peices to make it work... By pushing it, the real motive / outcome will be it will tank the global financial system.
In what world does this make any rational sense to you?
Have you looked at the almighty us dollar? Do you have a clue what you are talking about? The overall decline in value of the dollar since its inception is the valid signal to its state.
When you consider that the debt and production of value is where it is, you should be more informed.
The loss of the petrol dollar feature is yet to arrive. It will more than sting.
Couple that to the printing presses and inflation you are looking at some serious continual decline. Death throes.
Reserve currency status is the final feature, and it is eroding at a pace globally that has people much smarter than you concerned.
Not to mention, it is right at the ripe age of replacement according to historical currencies.
Don't worry, it won't happen overnight. Two weeks.
There is not YET (as of today or next year) replacement for:
US/EU/UK/AUS/CAN/NZ consumer mass (all producers EXPORT to these countries and currently need their currencies to run their own economies/debt servicing)
SWIFT/G7-banking/financing/rehypo markets/LC instruments/the whole financial system for global trade clearing
A deep enough currency base to replace USD without crashing/spiking individual currencies used (ie. a liquid pool of reserves for global trade that is not USD)
Protection of the trade routes that the G7 (mainly USA) armies guarantee.
few other smaller bits and pieces
The current world trade of real goods runs as a vendor financing system from producing countries (BRICS++) to consuming countries (G7++), while the financial economy debt creation flows the other way.
When this chain is broken and replaced, then the world can rid itself of the curse of the USD (and replace with another curse).
Hahahaha. Nah man, china makes everything in it’s factories, and will take Africa and the Middle East with it. Add Russia, and what do you have? Complete and total dominance. Food, minerals, petroleum, and factories…
What does the US make again? Corn and soy? Try running a future economy on corn, soy, and LGBTQIA2S propaganda. It’s over. Unless we drill the shit out of Alaska and find a huge gold deposit at the bottom of the ANWAR.
No, you misread Every.
USD is going away, it's just a slow process, as there is NO (as Every correctly states) A) currency to take the role of USD B) deep/large enough Gov debt markets to take over the role of US Gov debt C) replacement for SWIFT globally D) replacement for US controlled hubs/nodes of Internet/satellites/GPS needed for global trade settlement E) protection of global trade routes (beyond what US military does) E) Global system of settling deals, letters of credit, currency transactions in multi-currency systems instantly (well, IMF did just announce ÜniCoin, so it's the first needed step, but not enough).
None of that exists CURRENTLY.
Hence the eroding of USD will happen step by step, slowly, until the other pieces are in place.
While at the same time building up the middle class consumption potential of Asia, South America and Africa, to replace the "golden billion" consumers.
So, it's a slow burn. USD won't collapse overnight, unless there is a direct global war and USA is (again) stupid enough to weaponize the rest of the system it still controls.
And I'm writing this as NOT as a BRICS lover, but as a citizen living in the Golden billion countries - the sinking ship. I just call it as I see it. And this process is beyond my control, so no use denying it.
But yes, if you're time interval in investing or horizon in predictions is 1-3 years, then Every is right. USD is not going anywhere, it'll slowly erode, and because it does and US will squeeze the system, there will be a liquidity crisis causing USD to rise in valued vis-a-vis other fiat currencies, ironically leading into the hastening of the abandonment of USD by the other players.
Sure, it can all come crashing down due to stupidity and unforeseen consequences, but that is not in the interest of USA nor the BRICS+++ (crash is always uncontrolled, chaotic, causes problems... whereas slow phasing out is more easy to control).
In what world does this make any rational sense to you?
Have you looked at the almighty us dollar? Do you have a clue what you are talking about? The overall decline in value of the dollar since its inception is the valid signal to its state.
When you consider that the debt and production of value is where it is, you should be more informed.
The loss of the petrol dollar feature is yet to arrive. It will more than sting.
Couple that to the printing presses and inflation you are looking at some serious continual decline. Death throes.
Reserve currency status is the final feature, and it is eroding at a pace globally that has people much smarter than you concerned.
Not to mention, it is right at the ripe age of replacement according to historical currencies.
Don't worry, it won't happen overnight. Two weeks.
You are right, but that'll take time.
Why?
Read my comment below ("No, you misread...").
In short:
There is not YET (as of today or next year) replacement for:
US/EU/UK/AUS/CAN/NZ consumer mass (all producers EXPORT to these countries and currently need their currencies to run their own economies/debt servicing)
SWIFT/G7-banking/financing/rehypo markets/LC instruments/the whole financial system for global trade clearing
A deep enough currency base to replace USD without crashing/spiking individual currencies used (ie. a liquid pool of reserves for global trade that is not USD)
Protection of the trade routes that the G7 (mainly USA) armies guarantee.
The current world trade of real goods runs as a vendor financing system from producing countries (BRICS++) to consuming countries (G7++), while the financial economy debt creation flows the other way.
When this chain is broken and replaced, then the world can rid itself of the curse of the USD (and replace with another curse).