People have been saying the dollar is dying since the 19th century. They said it again during the Great Depression, the end of Bretton Woods and the 2008 Financial crisis..
replyUS dollar value was held by several pillars, among which- pax americana, petro dollar/assets and innovation sector. Pax americana is dismantled by US itself. Petro chemicals are threatened by ren transition and China. Tech sector still ensures having a lead in innovations. Guess what'll happen when/if pax americana will be fully dead, most important economies like EU/China/India will be able to supply own needs with less petrol products since the rest will com from ren and when/if tech AI pops/turns into a fiasco. Nothing lasts forever and US dollar is no exception
replyLook at a 100 year purchasing power chart of USD, doesn't look very healthy...
replyThose people were right, it’s just that it will take more time that what they though.
replyThe difference is now the US has a leader that is actively encouraging its downfall.
replyWhat did it mean when JP Morgan setup the first such relationship with the pboc in 2018?
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