US Dollar on its way out as the world's reserve currency???

well the smart money is on USD not being the reserve currency 20-30 years from now

the smart money is also not on crypto being the replacement

Which FIAT is this 'refuge' currency you seem to be hinting at?

Impress me

USD ain't going anywhere dude.


Again, we are the economy that matters. As an internet marketer you know where the most import geo is. Everyone in the world needs access to the US market. That's where all the people are with all the money. And if you think we're going to be accepting yuans or rubles you're crazy

US dollar reigns supreme because we matter the most.

Even the worlds top economy with the most corrupt government can be irresponsible and lose their footing

With countries owing money it would be difficult to speculate but the immediate reaction may take place.

The USD is absolutely going to collapse. We are seeing that happen already.

I suspect there will be one final "blow off top" for the USD where it will become significantly stronger than it is today (due to USD funding crisis in which foreign entities who have debts denominated in USD will have to convert local assets to buy dollars. This will happen because they will have cash-flow crises resulting from Covid sales collapse).

Once the last of these dollar crises have passed, the tidal wave of Fed printing will burst the dam. The world will be flooded with US dollars, and the Fed will be unable to reduce the supply (they have printed to monetize the Treasury debt, and so they have no ability to reduce the supply of cash they've effectively counterfeited).

When that happens, there will be massive inflation and a very very rapid flight out of US dollars.

The best option (In my non-professional opinion, so this is NOT investment advice) is to hold physical gold (coins) and Bitcoin.

I believe Bitcoin has better upside potential, but there is a risk that the blockchain is hacked (two ways to hack the Bitcoin blockchain that would bring the value to essentially zero). The other risk to Bitcoin is that the Internet goes offline (an EMP or an attack could do this) in which case the value would be unaccessible. Barring these contingencies, Bitcoin is much easier to trade and use than gold coins, so it will be the first non-fiat currency that people scramble to buy in a dollar collapse. The price could explode higher.

Gold, on the other hand, has a very very very long history of being money. It is likely to increase in value 20-50x in a dollar collapse. But still would be less than Bitcoin imo.

If it were me, I'd be in gold ~75% and Bitcoin 25% (of the amount I was looking to protect. Obviously, most of my savings would continue to be in my local currency, since that's what my bills and contracts are in)

It's not like it hasn't happened before

dude, only a small fraction of the population of the planet are internet marketers...the rest give no shits...let that sink in...only a tiny tiny tiny portion of the world give a shit about what you wrote...

however...

99.999999% will be very very angry if your hot air bullshit $ ends up costing them money due to devaluation...they will drop you like a hot rock and you know it

soon american...soon you will have to work for a living

Im sure there's gonna be a dip, but then again the US is part if not mostly running on a war economy. Reason for all those tanks, planes, ships and subs and not to mention bases all over. It aint pretty (and might actually meet some resistance) but all it needs is a little flexing of those war muscles and boom, economy fixed.

Im not an economist so pls be gentle when you call me out.

USD isn't being heavily invested in right now because the interest rate is low. That's pretty easy to figure out.

The USD won't lose reserve status until our entire country, and thus our military, collapses. As long as we can reach out and touch anyone with our military within a matter of a few hours, the USD will maintain reserve status. Full stop.

this is exactly what the UK thought and they they went broke and could not keep their death grip on the world...history is about to repeat itself, because you may be able to reach, but china and russia can reach back...it is only a matter of who has more to lose....spoiler alert: not russia and china

USD is not going anywhere, just will share the cake with another currency

If you actually examine the military capabilities of the three countries (US, China and Russia) most people would be shocked at what they find.

In reality, both Russia and China have huge military superiority to the US. The only reason the US appears to be dominant in this arena, is that the military in the USA is unhinged and shown reckless regard in their willingness to cause casualties all over the world.

Both China and Russia have hypersonic missile technology that is already in series production and deployed. What that means is that either country can currently destroy any military asset anywhere on the planet with zero possibility of defence. That means that these missiles cannot be stopped by any existing military technology.

What that really means is that all US aircraft carriers and battleships can simply be sunk no matter where they are in the world in less than 10 minutes by either China or Russia. Any air base can be obliterated in under 10 minutes (including bases inside the USA).

The USA does not have ANY hypersonic capabilities in the field yet.

The reason Russia or China hasn't done this, is because the likely response (the only possible thing that could "level the field") from the US would be a nuclear attack, which would result in a nuclear response and an end to all human life.

So in reality, it is only mutually assured destruction and the rational heads of state of Russia and China that allow the US to pretend that it has military superiority. In reality, the US cannot use its military against either of these powers as they have the actual superior forces in the real world.

I guess you didn't understand my point.

People buy and sell shit on the internet...you know, global ecommerce .

And there is one very important geo to probably every business online no matter where they are in the world....you already know what that geo is...by a country a mile.