the American dollar is loosing value Internationally

[Always in His Presence]

https://winepressnews.com/2023/03/28/kenya-president-tells-citizens-to-get-rid-of-holdings-of-us-dollar-as-nations-dump-the-dollar-and-begin-to-embrace-petroyuan/

It is no secret that the US Dollar is becoming less and less valuable by the day, losing its purchasing power at a rapid scale; and with the clear divide that has been created between the East and Western world due to the Russia-Ukraine war, many nations are growing sick and tired of the dollar and are now looking to dump it before it depreciates in value some more.​

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Top Economic Factors That Depreciate the US Dollar

A variety of factors contribute to currency depreciation, including monetary policy, inflation, demand for currency, economic growth and export prices.

www.investopedia.com

However, the implementation of what is known as “easy” monetary policy weakens the dollar, which can lead to depreciation. Since the U.S. dollar is a fiat currency, meaning that it is not backed by any tangible commodity (gold or silver), it can be created out of thin air. When more money is created, the law of supply and demand kicks in, making existing money less valuable.​

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Economics expert issues dire warning on ‘serious threat’ faced by US dollar: It’s ‘inevitable’

Breitbart economics editor John Carney is sounding the alarm on the growing concern for a global shift from the U.S. dollar and it's economic impact.

www.foxbusiness.com

""[It's] not only a serious threat, I think it is inevitable. We went through three stages, as you said, after World War II. The U.S. was the biggest economy in the world. In the 1970s, global banking became basically dollar central. With the fall of the Soviet Union, the entire world, more or less, came under the domination of the U.S dollar…"​

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"That is now drifting away. China and Russia are starting to build an alternative block of currency," John Carney explained Sunday.​

First China brokers a deal with Russia and Iran and now they are working together to undermine the value of the American Dollar.

 

[DaisyDay]

"Losing" not "loosing".

 

[bèlla]

Can you reference this in conspiracy? I have something related to the OP that's best suited there. He unpacked the President's statement. I think you'll be interested.

~bella

 

[KCfromNC]

Meanwhile, back in reality, the data shows that the USD is stronger against the Euro, CAD and Yen than it was 5 years ago.
Oh well, I guess that's what happens when one bases a premise on something from Fox News or even less reliable right-wing sources.

 

[Say it aint so]

"Losing" not "loosing".

This whole thing kind of doesn't make sense. China is renowned for devaluing the yen so, as a exporting nation they can sale more exports to other nations. I'm not an economist, but why would China take action that may rise the value of the yen when the US and the dollar is the number one importer of their products?

 

[Pommer]

This whole thing kind of doesn't make sense. China is renowned for devaluing the yen so, as a exporting nation they can sale more exports to other nations. I'm not an economist, but why would China take action that may rise the value of the yen when the US and the dollar is the number one importer of their products?

The yuan?

 

[Always in His Presence]

"Losing" not "loosing".

dunt kare if'n dats the best yu have iz my gramer and spellin, it dunt help yer position on dat mater.

 

[Always in His Presence]

This whole thing kind of doesn't make sense. China is renowned for devaluing the yen so, as a exporting nation they can sale more exports to other nations. I'm not an economist, but why would China take action that may rise the value of the yen when the US and the dollar is the number one importer of their products?

China has never and will never do anything to help the Japanese Yen's value.

They will however work with Russia on hurting the US financially - which is what it looks like their goal is.

 

[DaisyDay]

dunt kare if'n dats the best yu have iz my gramer and spellin, it dunt help yer position on dat mater.

Dudna hurt it neither.

 

[Say it aint so]

The yuan?

LOL, thanks

 

[Say it aint so]

China has never and will never do anything to help the Japanese Yen's value.

They will however work with Russia on hurting the US financially - which is what it looks like their goal is.

Sorry. I got my money nomenclature mixed up. The yuan. China is renowned for devaluing their money for the reasons I mentioned.

 

[Gene2memE]

If were talking about currency valuation, then the answer is that the US dollar is coming down off a two-decade high against a basket of other currencies (euro, pound, yen, yuan, Canadian dollar and the Swiss franc). It's still trading above long term average, albeit only by about 1.5-2%.

The US dollar index has fallen a little under 9% over the past six months. That's a pretty normal fall off, roughly in line with the recent drops in 2014, 2017 and 2020 of 10-12%. It also way less than the 2002-2003 devaluation, which saw the US dollar down 25% over two years.

If we're talking about the US dollar's falling share of global share of reserve currency, then this is just a continuation of a trend that's been going on for 25 years. The main culprit in the decline hasn't been any massive increase in yuan-ruble trading. Its the combination of the euro moving into circulation in 1999 and developing nations in Asia and Africa favouring a more broad currency base for their foreign reserves (which is due to their different trading relationships which are less centred on the US). As these states progressively increase their share of global economic activity, so too will the US dollar progressively lose ground.

The US dollar position has also been hurt by its strong valuations over the last year or so. The dollar has been trading up to 10% above recent averages, making it more expensive to buy against other currencies.

 

[Pommer]

If were talking about currency valuation, then the answer is that the US dollar is coming down off a two-decade high against a basket of other currencies (euro, pound, yen, yuan, Canadian dollar and the Swiss franc). It's still trading above long term average, albeit only by about 1.5-2%.

The US dollar index has fallen a little under 9% over the past six months. That's a pretty normal fall off, roughly in line with the recent drops in 2014, 2017 and 2020 of 10-12%. It also way less than the 2002-2003 devaluation, which saw the US dollar down 25% over two years.

If we're talking about the US dollar's falling share of global share of reserve currency, then this is just a continuation of a trend that's been going on for 25 years. The main culprit in the decline hasn't been any massive increase in yuan-ruble trading. Its the combination of the euro moving into circulation in 1999 and developing nations in Asia and Africa favouring a more broad currency base for their foreign reserves (which is due to their different trading relationships which are less centred on the US). As these states progressively increase their share of global economic activity, so too will the US dollar progressively lose ground.

The US dollar position has also been hurt by its strong valuations over the last year or so. The dollar has been trading up to 10% above recent averages, making it more expensive to buy against other currencies.

A “weak dollar” just means that other countries won’t have to spend as many [₽, ¥,€, £, ₩] to buy our “exports” which are typically T-bonds, and other “financial instruments”.
We also could be said to “export-war”, but that’s just because we always been able to before, and Mom & Apple Pie get all the “good press”.

 

[Always in His Presence]

https://watcher.guru/news/will-the-us-dollar-collapse-now-brics-are-developing-currency

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Alexander Babakov, the State Duma’s Deputy Chairman, confirmed last week that BRICS countries are working towards creating a new form of currency. The countries involved are invited to pitch their ideas and objectives at the next summit in South Africa. In addition, oil-rich Saudi Arabia entered a trade alliance with China, Russia, India, Pakistan, and four other Central Asian countries to step further away from reliance on the US dollar.​

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Additionally, China and France completed an LNG gas trade using the Chinese Yuan and ending the US dollar reliance for transactions. The developments have ruffled feathers in the US, sending fears that the dollar might be on a decline globally.​

 

[Soul_Tsunami]

You beat me to the punch on this. The countries you mentioned are vowing to not do business with other countries that use the U.S. dollar...That loss of business will be devastating to the world economy. Battlelines are being drawn. We are all being led to a World War that will involve every tribe, tongue, and nation.

I find it interesting that the Biden administration is not talking about this openly?