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Breaking USD dominance is not easy as it has maintained that position for the past 100 years, but not impossible. Nothing lasts forever, the fact that many countries have eliminated the dollar in international trade in recent years is showing that the dollar is gradually losing its position.
Breaking USD dominance is not easy as it has maintained that position for the past 100 years, but not impossible. Nothing lasts forever, the fact that many countries have eliminated the dollar in international trade in recent years is showing that the dollar is gradually losing its position.
Tell me please - what is the value and essence of the goal of "breaking the dollar" ? What and why are you trying to achieve ? Any action always has a goal, and there is an understanding of the goal - the benefits or advantages of achieving it.
Or simplified:
What is wrong (specific examples, and arguments) when the dollar is strong and is the currency of the world economy.
What becomes good when someone, as you put it, "breaks the dominance of the dollar" ?
Oh, and one more thing - I'm pretty sure that "dollar domination" has a very good reason. Could you please explain more - what in your understanding would be the criteria for "domination" of another currency? And let's try to determine - who can take over this domination ? Believe me - we are waiting for a lot of interesting discoveries about the world economy !
So please tell me why the US always defies all tricks to maintain the position of USD? What is their goal in maintaining USD dominance? What's wrong with other coins trying to surpass USD and replace it? And if you think it's strong enough, why should you worry when so many other currencies are trying to break that dominance? Like bitcoin dominance, why there are thousands of altcoins trying to topple it, but most investors never worry about it?
There are many interesting things waiting for us, why don't we wait for time to answer them all? Why are we always trying to prove ourselves right?
Why don't you answer my question first and then I'll answer yours ? Because it's not nice to have a dialog like this, going away from answering a question and asking your own
Let's stick to the logic of dialog. And so - I am waiting for your answer. Preferably reasoned.Regarding "let's wait" and "Why do we always try to prove ourselves right" - there is such a concept as dialog, exchange of opinions. This is exactly it
Based on experience and knowledge, some events are possible to model and predict some things I can in advance and refute erroneous opinions...By the way, you already have an erroneous opinion - "the fact that many countries have excluded the dollar from international trade". This is your erroneous opinion based on incorrect data or distorted information. Would you like me to prove it? Easy - give me a list of countries you mentioned in this "fact" ?