RE:RE:Data points on usa dollar collapse is supportive of CommonCents123 wrote: You are way out in the left parking lot, let alone left field.
USD is here to stay for several more decades. I've discussed this before. If you think the biggest economy in the world with the biggest military in the world and all its geographical and geopolitical and financial tentacles and dominance is somehow going to fall asleep, then it's time to click your ruby red slippers together three times and wake up in Kansas, pal.
The level of transparency and liquidity is unmatched by any other country. These qualities provide confidence and ease of use for global trade. Third, the stability of the U.S. government and, by extension, the dollar make it the logical choice as a major reserve currency.
It's too entrenched in the global system. The BRICS are too many different cultures, customs and political extremes.
And it was YOU VerificateASAP who said, "Never bet against the USA"...and here we are, hypocrisy at its finest.
I hate being bipolar, it's awesome lol!
The US is no longer the biggest economy in the world and will be falling behind at an accelerating pace. Below a quote from reputable source...and it's military might can't change that. What's it gonna do? Kill its competitors? China is smart...they invest all over the world. The US thinks they can maintain thier clout in the world by threatening military action. Not gonna bear fruit any more
It is common for politicians and pundit types to speculate on when or whether China’s economy will pass the US economy as the world’s largest. The latest episode to cross my path was a column by David Wallace in the New York Times.
There is little reason for this sort of speculation. China is already the world’s largest economy, its economy is more than 20 percent larger than the US economy, according to the IMF. Furthermore, it is growing considerably more rapidly (assuming they don’t continue their zero COVID-19 policy forever), so it is projected to be more than a third larger than the US economy by the end of the decade.