De-Dollarization Is Happening at a ‘Stunning’ Pace

Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by neom on Tuesday May 02, 2023 @11:04PM (#35797313)

My absolute favorite youtube finance person, Patrick Boyle, did a very interesting video about de-dollarization and brics recently, cannot recommend it (and Patrick) enough!

https://www.youtube.com/watch?v=JHZnVdBZJfA

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by baryphonic on Tuesday May 02, 2023 @11:14PM (#35797404)

His points about capital flows and that the US is always willing to run deficits to stabilize global markets are really underrated.

Also interesting: de-dollarization may benefit the US by increasing domestic growth and investment.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by throwaway4good on Wednesday May 03, 2023 @01:03AM (#35798221)

I find the idea that the US' willingness to run deficits is an uniquely American thing very curious.

To me it is obvious that any country in the world would do systematic deficits if they could do it without tanking the value of their currency.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by nomay on Wednesday May 03, 2023 @01:37AM (#35798413)

Then thay are better off doing it their own currency, so they don‘t even have to pay back.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by uoaei on Wednesday May 03, 2023 @01:25AM (#35798357)

The budget deficit represents the monetary value of everything the government spends money on (e.g., places, programs, assets, investments, etc.).

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by throwaway4good on Wednesday May 03, 2023 @02:13AM (#35798649)

I was referring to trade deficits.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by uoaei on Wednesday May 03, 2023 @02:12PM (#35805709)

And I was not. The statement holds for both anyway, in cases of hegemonic, sovereign, fiat currencies.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by throwawaylinux on Wednesday May 03, 2023 @04:21AM (#35799550)

Aside from petroleum profiteers like Norway, Russia, Kuwait, etc., what countries don't run "systematic deficits"?

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by spacebanana7 on Wednesday May 03, 2023 @06:24AM (#35800442)

I find the willingness to run surpluses far more curious.

Emerging markets are surprisingly happy to give vast amounts of oil, gold and manufactured products in exchange for claims on overseas assets that can be frozen or devalued at the stroke of a pen.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by TrapLord_Rhodo on Friday May 05, 2023 @12:03AM (#35825072)

well, they still have to pay the bond notes. The interest due on the US debt is around 40% of income tax.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by JumpCrisscross on Wednesday May 03, 2023 @01:45AM (#35798463)

They’re a strong argument against the Americans dissuading others from using the dollar as a reserve currency.

In any case, the secular dollar shorts are a perennial watering hole for our FX community. Similar to gold or commodity ETFers.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by somedude895 on Wednesday May 03, 2023 @03:09AM (#35799086)

Patrick's content is wonderful. Informed, informative, and every now and then you get a shitpost on something like FTX with his dry British humour.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by diarmuidc on Wednesday May 03, 2023 @03:19AM (#35799151)

dry Irish humour ;)

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by b800h on Wednesday May 03, 2023 @02:56PM (#35806266)

Both

https://en.m.wikipedia.org/wiki/File:British_Isles_location....

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by diarmuidc on Wednesday May 03, 2023 @03:39PM (#35806711)

No. That's not what the "British" mean.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by m_eiman on Wednesday May 03, 2023 @04:03AM (#35799433)

Perhaps somewhat related, I like Robert Newman's History of Oil:

https://www.youtube.com/watch?v=sehmmzbi3UI

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by 1MachineElf on Wednesday May 03, 2023 @09:51AM (#35802387)

Can you confirm if this is the correct link for you? For me this link leads to a "Video unavailable" page on YouTube.

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Re:De-Dollarization Is Happening at a ‘Stunning’ Pace by m_eiman on Thursday May 04, 2023 @01:31PM (#35819117)

Works on my machine. The video's title is "Robert Newman's History of Oil", it is 45:43 long, if searching for it has better success for you.

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