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If the US loses a major war like ww3 scale, then it’s likely but otherwise everyone wants to trade with usd because it’s already biggest(network effect), and mo
by m3kw9 4y ago
If the US loses a major war like ww3 scale, then it’s likely but otherwise everyone wants to trade with usd because it’s already biggest(network effect), and most stable(military/economic might/feed back effect from being global currency).
- diceduckmonk 4y ago> because it’s already biggest(network effect) This is exactly what is downtrending. Nations fear being sanctioned and holding on to dollars they can't use > and most stable(military/economic might/feed back effect from being global currency) This is also what is being questioned. There is domestic turmoil and the US economy is funky. I'm just paraphrasing Ray Dalio's recent discussions and extensions on his dialogue on the rise and fall of nations.
- andrewjl 4y agoThings look backwards judging by demographics. The US is relatively younger than its peers and is most likely to stay that way because of immigration. On top of that there is an industrial boom happening as manufacturing gets reshored.[1] Looks like the opposite of being on the brink of collapse, really. [1] https://www.wsj.com/articles/americas-factory-boom-drives-sales-surge-for-excavators-steel-and-trucks-a9951bca https://www.wsj.com/articles/americas-factory-boom-drives-sa...