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Last post: November 13, 2024, 11:28:33 PM
Re: Forum gossip thread by Lokmar

The US Dollar is still the strongest currency in the World

Started by JOE, April 29, 2024, 11:22:36 PM

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JOE

...in spite of what the doomsdayers say:



Still outerperforms the others and is seen as the safe haven when the SHTF, eh?

Is this an accurate picture of US economic strength?

Or just a mirage being propped up?

discuss.

Kingoffrogs

Quote from: JOE on April 29, 2024, 11:22:36 PM...in spite of what the doomsdayers say:



Still outerperforms the others and is seen as the safe haven when the SHTF, eh?

Is this an accurate picture of US economic strength?

Or just a mirage being propped up?

discuss.

Why does the image not also represent SE Asia and West Africa, seems weird that they would involve almost all of SA but not a single country north of Namibia in Africa.

Garraty_47

Although 'Murica has been weaponizing the dollar for a while now it's only been recently that we've seen direct actions by other nations to remove themselves from 'Murican/western financial systems and abandon the dollar as a reserve currency. That is entirely due to 'Murica's doubling and tripling down on using sanctions, tariffs, asset seizures, etc. as a form of economic warfare and market manipulation.

Our own policies necessitated the rise of BRICS which has yet to really flex its economic impact but has already resulted in a growing number of trades, including for fossil fuels, being paid for in a currency other than the dollar.

Showing data from *before* a massive shift away from the weaponized dollar and saying it proves anything is like showing a photo taken inside a plane just before it crashes and claiming it proves the plane is still flying.

If it looks like copium, smells like copium, and tastes like copium- it's probably copium.

Frood

All fiat currency is ultimately worthless. Some are just more worthless than others.
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