USD as world reserve currency coming to an end?

Discussion in 'Economics' started by kmiklas, Sep 2, 2021.

  1. piezoe

    piezoe

    Actually there is an anchor. It is not so tightly attached but it is there underlying U.S. Currency. It is U.S. Productivity.
     
    #71     Sep 13, 2021
  2. zdreg

    zdreg

    It is changes in US productivity relative to other countries. If the country swings left it's value as a reserve currency declines.
     
    #72     Sep 13, 2021
  3. piezoe

    piezoe

    Upoon close examination no support for this idea can be found. It is limited to a few cases cases. The broader picture suggests something quite different. The U.S. is the single most "right swinging" nation among all developed nations; yet their are several other nations to the "left" of the U.S. whose currencies are gradually sharing more and more of the role of reserve currencies.
     
    #73     Sep 13, 2021
  4. Sig

    Sig

    It's funny to hear someone say with a straight face that the U.S. is going to lose it's status as reserve currency to the communist Chinese Yuan or socialist (in their minds borderline communist) Euro because....the U.S. is moving too far left! Charitably I don't think they grasp the concept that everything is relative in currency and they haven't moved to carefully consider the alternatives yet.
     
    #74     Sep 13, 2021
    piezoe likes this.
  5. zdreg

    zdreg

    Nice try but your response was incorrect since you twisted my post to suit your bias. Countries that you have in mind are likely not swinging further to the left. As the US swings to the left and the left countries do not go further to the left the US loses gradually its role as the eminent reserve currency.
     
    #75     Sep 13, 2021
  6. piezoe

    piezoe

    Is there any reasonable argument you can give to support your contention that gradual loss of the dollar's status as the reserve currency is related to the U.S. moving more to the political left? If so, state your argument. Otherwise I shall, and I suspect others will too, go on assuming your contention is nonsense and devoid of any logical basis.
     
    #76     Sep 14, 2021
  7. Sig

    Sig

    Left bad, right good. That's going to be about the extent of any argument if you can call such simplistic reasoning an "argument".
     
    #77     Sep 14, 2021
    piezoe likes this.
  8. zdreg

    zdreg

    Saying that if a contention ifs not proven is nonsense and devoid of any logical basis shows that you badly need to take a course in basic logical thinking.
     
    Last edited: Sep 14, 2021
    #78     Sep 14, 2021
  9. piezoe

    piezoe

    That's true. What, however, does this have to do with what I actually wrote?
     
    #79     Sep 15, 2021
  10. jocrape

    jocrape

    It's the biggest economy in the world and can't come to an end that easily. Though there's a lot of fluctuations because of an increase in US Dollars supply during the pandemic, its role as a world reserve economy is still going to remain intact.
     
    #80     Sep 16, 2021
    murray t turtle likes this.