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The decline has been gradual. The dollar's portion of global forex reserves has fallen from over 70% in the late 1990s to around 60%. The Supreme Court's ruli
by andsoitis 10mo ago
The decline has been gradual.
The dollar's portion of global forex reserves has fallen from over 70% in the late 1990s to around 60%.
The Supreme Court's ruling on Fed independency is to be watched.
- blurbleblurble 10mo agoGradual isn't nearly profitable enough for some people.
- softwaredoug 10mo agoIt may also point not just to decline in US stability but other areas of the world with stable monetary policy compared to the 90s
- TSiege 10mo agoYou're also forgetting BRICs and the EU's efforts to create their own banking systems that would make it easier to do trade and finances without the dollar as an intermediary. The dollar being the reserve currency is going to be come more sudden once mass adoption of those platforms takes hold. Who can blame them with how the US is behaving
- JumpCrisscross 10mo ago> BRICs and the EU's efforts to create their own banking systems One of these exists. The other is bluster.
- direwolf20 10mo ago[dead]
- ElectricalUnion 10mo ago"BRICS" is one of those organizations of countries that make even OPEC (famous for being non-commital, non-punishing, barely advisorial organization that doesn't meet it's own goals since the 1980's) look like a very serious group.
- blibble 10mo ago"at first you go bankrupt slowly, then all at once"
- marcosdumay 10mo agoDoes your data include 2025? Because it was the only year with any international pushback at all, so we shouldn't expect the previous trend to stay unperturbed.