Quote from: Polo7 on January 06, 2020, 04:22:57 PM

Im not asking about crypto Killing USA dollar
The topic was about Global elite Plan to destroy USA dollar but the Same the elite is develope stable coins together with instutions like circle and so

Topic was about if the rumours as they Want to destroy USA dollar... Then why they work so much with develope the stablecoins USA dollar coins

Thts is topic about...

What do you mean by kill is the effort of the countries of China, Russia, and some Islamic countries to discard dollar or dedolarization. If what you mean is that you are wrong to draw correlations because those who want to kill the dollar are not Americans and those who are pro dollars, who want to kill the dollar are countries that want to break away from dependence on the dollar and who realize that fiat money is a mistaken system.

https://www.ccn.com/russian-gold-backed-crypto-slams-the-global-us-dollar-standard/
https://www.kitco.com/news/2019-11-01/China-s-secret-gold-backed-cryptocurrency-to-destroy-U-S-dollar-skyrocketing-gold-prices-Max-Keiser.html
https://cointelegraph.com/news/iran-wants-to-create-crypto-to-confront-economic-hegemony-of-us

But the process of dedolarization is also not extreme when it happens. The dedolarization program must be managed carefully so as not to backfire for a country. Before making a total dedolarization, the government of a country must ensure several things between it.

- Changing the country's foreign exchange reserves, which are majority in US dollars, to gold or other currencies. but this is very risky because currently, the world economic barometer is still American, foreign exchange reserves in the form of large dollars can fend off the adverse effects of domestic and global economic conditions. For now, the greater the foreign exchange reserves in the form of dollars, the higher the bargaining power and stable foundation.

- The government must educate the private sector not to use dollars in transactions, the private sector in all countries, including anti-dollar countries, are interested in international money transfers using swift compared to other currencies.

- Major foreign debt in US dollars, the more debt the more the country depends on the country providing the loan. If foreign debt is high, the bargaining position of a country will be very weak.