>>533751781This doesn't make sense can someone who know economy explain?
>>533751781>via swiftThat's the key, many transactions don't use swift anymore.
>>533751781When will people stop believing that arbitrary numbers on a graph don't mean anything? Have prices on anything ever gone down in your life? Has your salary raises ever matched inflation? No, they haven't. Please stop believing in economist's fairytales.
>>533751831It means the world is more reliant on the USD then ever before and doomers lost (yet again)
>>533751908Why thoughbeit?
>>533751781"petrodollar" was the midwit word of the yearreplacing "rare earths"
>>533751995Because BRICS is a complete and utter failure. They have no international monetary exchange (only concepts of a plan) that competes with swift.
>>533751995They aren't, the US kicked russia and iran out of swift and now they are using the chinese system whatever it's called. The overall traffic of swift declined thus dollars appear as a bigger percentage. Dollar transactions aren't really that important, it's the dollar as 'reserve currency' aka other countries holding treasuries which matters and many countries are dumping treasuries and buying gold
>>533751781>>533751995>Swift dataBecause most non-dollar transactions aren't being done through SWIFT. Russia and Iran can't even access SWIFT, for example. Why do you think de-dollarization proponents will be using SWIFT? So that America can shut down their transactions any time?Most Yuan transactions are done through CIPS (see recent Ecobank-Bank of China talks). India and Russia are developing another system for rupee-rouble transactions.
>>533751831Dollar milkshake
>>533752031Nah rare earths are important. Peteodollar is stupid though. Currency exchange rates are only really important for countries that import basic goods like fuel and food, like Japan, Korea and Sri Lanka. If the world switched to rubles for example, it would be a detrement to the US but wouldn't kill the so called US empire (which does not exist).
>>533751781>>533751908Chuds are always hoping that the dollar crashed and the West falls, but it just keeps chugging along.
>>533751900>Have prices on anything ever gone down in your life?Top fucking kek. Based retard. The Walmart era pushed affordability to new heights upon inception.Anything made in China today would cost many times more than anything made in the Western world.>Inb4 that's not what I'm say-IDGAF I'm speaking specifically to your comment about prices
>>533751781appreciation of the dollar is actually bad for the us economy because it increases the trade deficit. at least that's what trump told me.
>>533752238Dollar denominated debt alongside heavy dependence on oil imports, during an oil shock, is a lethal combination and many countries fit this description. Pakistan, for instance.
>>533751831other countries are divesting from swift payment system so that makes US proportion larger. Basically a signal that the dollar is declining but its being presented in a way that hides this fact.
>>533751908Are you sure?https://www.statista.com/statistics/233674/distribution-of-global-currency-reserves/https://www.atlanticcouncil.org/programs/geoeconomics-center/dollar-dominance-monitor/https://www.aa.com.tr/en/economy/us-dollars-share-of-global-reserves-shrinks-amid-policy-uncertainty/3814225
>>533752337Alright, food, housing, insurance, gas, have those gone down in price in your lifetime? What specifically has gone down in price? I'd love to know.
>>533751908The us government is using emergency liquidity to buy swift volume you retard.
>>533752612Exactly. It's like people looking at the numbers on the stock market going 'omg look how great the market is' not realising how hard it's being pumped by mega stock buybacks. That liquidity will run dry eventually and then? Well, we'll see chickens coming home to roost
>>533752598wellzorz we can buy 10 silicone dildos for a dollar now from alibaba, we live in teh best time to be alive in human history
>>533751781Brainlet. USD is and has been the world's primary reserve currency and that's why central banks hold large amounts of it, making international transactions more reliable. Euro is #2 because central banks see no reason to switch to Euro as long as they have more USD than Euro.The USD is a stronger RESERVE currency because of the central banking system and the (((people))) who run central banks have invested into USD long before Euro even existed. This has absolutely nothing to do with purchasing power or wages between US and EU.Currently (April 2026) €1 equals $1.2 which means you get one dollar and 20 cents for each Euro -> Euro is stronger.Did you get banned from /biz/ or why are you posting this dumb shit here?
>>533751781Most people who post about money don't understand money.Countries, at least most of them, issue their own currency. National governments, so long as they exist, cannot run out of money. That's not the same thing as "can spend infinite money with no consequences", but they can't go bankrupt.They can always afford something assuming it is 1) for sale and 2) priced in their own currency. Having reserve currency status essentially means that just about everything is priced in US dollars. That's a large advantage in buying power. It also has a negative impact on more mainstream production/exports. This is called the Triffin dilemma, you can read about that on your own.But if the US produces things that other countries need/want then it can still acquire foreign currencies to buy imports even without the reserve currency status. Or it can produce domestic alternatives, to the extent that is possible.
>>533752129They are, actually. BRICS =/= the worldyou're an idiot and probably brown
>>533752031Close, it was "petroyuan"
>>533751781The USD as a reserve currency exists at the expense of the US real economy. People who don't understand this simple mechanism need to shut the fuck up or be killed.
>>533751908Or that people are using swift less for non-dollar transactions...
>>533752337>>533752815Yeah, that's what I'm getting from him too lmao. Gives off Ben Shapiro "you can use cellphones! your ancestors never had them!" vibes. Nobody gives a shit that outdated technology, meaningless plastic goods and goyslop are cheaper now than they were 80 years ago. Housing has skyrocketed, good quality meat is basically unaffordable. And the few things that haven't gone up much in price have either shrunk in quantity, or quality. Libertarians might actually be more mentally retarded than Communists at this point.
>>533752563Thank you
>>533751781There is no real alternative to the dollar
>>533752031Hasn't been a thing in years yet most global trade is still conducted in dollars by choice
>>533752563Why isn’t gold $30,000-$100,000 per ounce? I don’t get fiat currency personally but if it was dying I’d expect signs.
>>533753246Because gold doesnt matter. Its just an intermediary between different types of currency.
>>533751781>Comparing dollars vs other currencies on Swiftretard
>>533753536Historically no, governments hoarde it still, the dollar used to have gold backing, don’t need power and the internet to transact it. It’s a very natural go to if the dollar starts collapsing and I don’t see that happening. Yes it’s been high lately but not return to gold standard levels high. Dollar seems strong to me still.
>>533751831Doing trades in currency controlled by a dictator can fuck you on a whim.
>>533751781The Chinese do not want the Yuan to be strong, that means they can't sell their exports. There is no alternative to the dollar unfortunately. Crypto turned out to be a money laundering scheme for CIA blackops.
>>533751856SWIFT does literally a thousand times more transactions than the next biggest provider.
>>533752190this, if anyone is actually interested in learning what's going on
>>533751781Now do a graph of USD as a percentage of international central bank reserves.
>>533752563This is what i have been speculating. In the sense, as the rest of the world is divesting from the dollarsystem, the US would be flooded with excess dollars. Which in the short term, makes the stock market appesr as number go up. However, it actually is a sign that inflation is much worse than thought.
>>533751831Hormussy is closed meaning the world is now fully dependent on American controlled sources of oil. Turdies and Eurocucks are seething, coping, and using dollars to purchase American commodities because they have no other choice.
>>533751900>Have prices on anything ever gone down in your life?The federal reserve just keeps printing money, so of course prices are going to keep rising. If they stopped printing money they would have to raise taxes to keep fighting stupid wars for Israel, and that'd be a lot less popular than just blaming "corporate greed" for prices continuing to rise.>Has your salary raises ever matched inflation?It literally can't work that way because of the Cantillon effect.>Please stop believing in economist's fairytales.There are actual economists out there who don't just lie to you. They're treated as fringe because they don't just make up excuses for the government to print money. Here is the economist Tom Woods explaining the business cycle.https://www.youtube.com/watch?v=9a-eUKjnDfM
The dollar is going to crash because the us is spending too much on debts per year. Currently 19% of thd revenue, more than army spending. Eventually usa wont have enough money for the most important things like pensions schools military and the dollar will lose credibility and start crashing. That usually happens around 25% , which is 5 years away
"dedollarization" starts with the us treasuries losing its share as the global reserve asset which is actually happening as central banks are now hedging with much larger holdings in gold, the rest would take another decade probably
>>533751781so it's going upward because of all the dollars being printed by the federal reserve...
