Is the US dollar losing its dominance?

[Stalin]

The U.S. dollar is the world’s primary reserve currency, and it is also the most widely used currency for trade and other international transactions. However, its hegemony has come into question in recent times due to geopolitical and geostrategic shifts. As a result, de-dollarization has increasingly become a substantive topic of discussion among investors, corporates and market participants more broadly.

What are the potential implications of de-dollarization, and how is it playing out in global markets and trade?

De-dollarization: The end of dollar dominance? | J.P. Morgan

What is de-dollarization, and how is it playing out in markets, trade and more? Read the latest from J.P. Morgan Research.

www.jpmorgan.com

comrade stalin
moscow

 

[mark francis]

The U.S. dollar is the world’s primary reserve currency, and it is also the most widely used currency for trade and other international transactions. However, its hegemony has come into question in recent times due to geopolitical and geostrategic shifts. As a result, de-dollarization has increasingly become a substantive topic of discussion among investors, corporates and market participants more broadly.

What are the potential implications of de-dollarization, and how is it playing out in global markets and trade?

De-dollarization: The end of dollar dominance? | J.P. Morgan

What is de-dollarization, and how is it playing out in markets, trade and more? Read the latest from J.P. Morgan Research.

www.jpmorgan.com

comrade stalin
moscow

If the world goes off the US dollar standard and switches to some other form of currency for international trade the US will see a collapse on the scale never before imagined.

 

[Gabriel_Bell]

If the world goes off the US dollar standard and switches to some other form of currency for international trade the US will see a collapse on the scale never before imagined.

What evidence do you have for saying this?
"NEVER BEFORE IMAGINED" -- when someone used this phrase, they are infected with Shitshizpantsitis.

 

[mark francis]

What evidence do you have for saying this?
"NEVER BEFORE IMAGINED" -- when someone used this phrase, they are infected with Shitshizpantsitis.

What​

If the world goes off the dollar standard, the US economy could face significant challenges. The dollar's collapse would lead to a sudden and drastic decrease in its value, making it difficult for people and businesses to buy goods and services. This would result in inflationary pressures, financial distress, and potential political turmoil. Countries would seek alternative currencies for trade and investment, leading to a shift in the global economic landscape. The pursuit of stability would become paramount, and new financial alliances and regional currencies would gain prominence. The US dollar's once-dominant status would be under pressure, necessitating creative solutions and a recalibration of the international economic system.

Investopedia+1

 

[Stalin]

The alternative is already in place and gathering steam

BRICS+ accounts for 46% of the world's population, and 25% of the world's landmass. The economy of the BRICS has risen by 356.27% between 1990 and 2019In 2022, BRICS+ share of world GDP at purchasing power parity (PPP) is 35.6%.
Intra-BRICS trade was US$614.8 billion as of 2022.> BRICS+ countries have over 1200 satellites in orbit. BRICS have 40 percent of existing internet users worldwide. In 2022, more than 87% of Russians use digital payments followed by China at 86%, and then South Africa at 81% and Brazil at 77%, and lastly India at 35%.

Brazil, India, and China are among the world's ten largest countries by population, area, and gross domestic product (GDP, nominal and PPP). All five initial member states are members of the G20, with a combined nominal GDP of US$28 trillion (about 27% of the gross world product), a total GDP (PPP) of around US$65 trillion (35% of global GDP PPP), and an estimated US$5.2 trillion in combined foreign reserves (as of 2024) BRICS generated close to 32% of global economic output (GDP PPP) in 2022. The expanded BRICS+ generates 36% of global GDP.

Taking into account the GDP PPP of the BRICS+, China accounts for 52%. Economically the group represents $28.5 trillion. BRICS+ has a larger GDP than both the G7 and the EU The share of the Chinese renminbi in total intra-BRICS trade transactions is about 47%.

In 2017 BRICS accounted for 19% of global investment inflows.



In 2024 the informality rate was 62% while the labour force participation was 60.8%. BRICS+ oil production is almost 30% of global oil output.

BRICS contribute to 45% of the global agricultural products.BRICS countries produce 42% of the world's wheat, 52% of rice, and 46% of soybeans.

According to Economist Intelligence Unit, the collective size of the economies of BRICS+ will overtake G7 after 2045. United States and United Kingdom have been the top two investors in the bloc in terms of FDI stock in 2020

comrade stalin
moscow

 

[Gabriel_Bell]

The US has 4.2% of the world's population, and ranks third in population, after India and China. India's population is on average ten year's younger than that of the US and so its population is increasing faster that of the US. The economies of both China and India are both growing faster than the US economy, so it seems inevitable that at some point the dollar will cease to be the prime currency of this planet. Perhaps an alternative currency will be agreed upon, but otherwise, the Indian Rupee will prevail.

 

[mark francis]

The US has 4.2% of the world's population, and ranks third in population, after India and China. India's population is on average ten year's younger than that of the US and so its population is increasing faster that of the US. The economies of both China and India are both growing faster than the US economy, so it seems inevitable that at some point the dollar will cease to be the prime currency of this planet. Perhaps an alternative currency will be agreed upon, but otherwise, the Indian Rupee will prevail.

Unsustainable debt is pronounced in nearly every nation on earth, meaning some monumental 'reset' is inevitable.

 

[Gabriel_Bell]

Every nation, even Switzerland, realizes that a small amount of inflation is required to prevent abrupt financial panics, Norway has a YUGE economic surplus and also has universal healthcare, free tuition through grad school, daycare for children, and four weeks of paid vacation.

But Trump is still increasing the national debt, and his first term increased it more in one term than Obama did in two. And of course, my main point is that it is unlikely that the US dollar will continue to be the dominant currency. Stupid tariffs will serve no purpose to reduce the annual increase in the national debt.

Shitzhizpants does not even comprehend what a percentage is or how percentages work, he is financially illiterate.

 

[mark francis]

Every nation, even Switzerland, realizes that a small amount of inflation is required to prevent abrupt financial panics, Norway has a YUGE economic surplus and also has universal healthcare, free tuition through grad school, daycare for children, and four weeks of paid vacation.

But Trump is still increasing the national debt, and his first term increased it more in one term than Obama did in two. And of course, my main point is that it is unlikely that the US dollar will continue to be the dominant currency. Stupid tariffs will serve no purpose to reduce the annual increase in the national debt.

Shitzhizpants does not even comprehend what a percentage is or how percentages work, he is financially illiterate.

How many democrats expressed outrage at Obama who doubled the national debt in 8 years?

 

[Gabriel_Bell]

The deficit has consistently increased MORE when a Republican was in the White House. It is unlikely that the US dollar will continue to be the currency of choice, and Trump's tariff wars are speeding up the demise of the dollar, now worth over 10% LESS than when Biden was president.

Shitshizpants is a FAILURE. Plus, he is corrupt, ignorant and incompetent.

 

[mark francis]

The deficit has consistently increased MORE when a Republican was in the White House. It is unlikely that the US dollar will continue to be the currency of choice, and Trump's tariff wars are speeding up the demise of the dollar, now worth over 10% LESS than when Biden was president.

Shitshizpants is a FAILURE. Plus, he is corrupt, ignorant and incompetent.

You should worry more about the debt because it was Obama's mishandling of the debt crisis that forced Standard and Poor's to lower the US credit rating for the first time in history. The deficit has never been a problem for politicians who can conspire together to raise the debt again to even higher unsustainable levels.

 

[Gabriel_Bell]

If Trump were actually benefitting the economy more than Obama, then Standard and Poor would have raised the credit rating to show this, dimwit.

Trump took office in January 2025, and the US dollar is now worth 10% less in Euros, pounds ad Swiss Francs, idiot.

You do not know diddly abut economics or politics.

 

[mark francis]

If Trump were actually benefitting the economy more than Obama, then Standard and Poor would have raised the credit rating to show this, dimwit.

Trump took office in January 2025, and the US dollar is now worth 10% less in Euros, pounds ad Swiss Francs, idiot.

You do not know diddly abut economics or politics.

Fed rate cuts help poor people but cause declines in trades of the US dollar. It looks like one offsets the other.

 

[Gabriel_Bell]

Fed rate cuts help poor people but cause declines in trades of the US dollar. It looks like one offsets the other.

Every dollar is worth less due to the actions of Shitshizpants.
If the dollar is worth less, then imported goods will cost more. Already the Dollar Store is the $1.25 store or a $1.50 store, and Trump's tariffs make the imported goods even MORE costly.

No denying that Trump is wrecking the economy of our country.

 

[mark francis]

Every dollar is worth less due to the actions of Shitshizpants.
If the dollar is worth less, then imported goods will cost more. Already the Dollar Store is the $1.25 store or a $1.50 store, and Trump's tariffs make the imported goods even MORE costly.

No denying that Trump is wrecking the economy of our country.

Democrats believe every republican who fights to cut wasteful spending, theft of government funding, and theft of elections is wrecking democracy. They are just confused because they think a threat to democrat corruption is a threat to democracy.