Post
Topic
Board Economics
Re: Moneyflow towards the Dollar
by
CryptopreneurBrainboss
on 29/06/2024, 22:51:46 UTC
Even if you hate the US, the US is the engine of the world. There is no alternative.
One Alternative failed which was the dream of Simon Bolivar, a counterweight to the US
Money-flow is interesting, It shows where the capital feels safe. Remember the US is the world economic engine.

It won't last long, US being the engine of the world would not last long, the US dollar is already losing its relevance. Other country are beginning to abandon it as their currency of exchange. Without the US mingling in the affair of other countries and having a leverage, they would not have being the world power by now. Money doesn't flow towards the dollars technically but it flow towards the dominant currency which currently it's the US dollars but as I said it wouldn't last long. The US dollars is becoming a joke and so is their economy, the dollar isn't the strongest currency anymore as other currency are having more strength than the dollars but because the US is still the dominating country that's what is giving the dollar relevance.

China is on the path of overtaking the US as world power and by then the money flow will be towards the Chinese Yuan. China's economy is predicted to be the largest economy in world by 2050 because of the rate at which the economy is growing. When that happens, the dollars won't stand a chance to compete against the Chinese Yuan.