Difference between revisions of "Talk:Essay: The terrible track record of forecasters predicting rapid de-dollarization and/or the imminent demise of the U.S. dollar"
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:"Cross-border payments between Russia and China now carry fees and commissions averaging 15% to 20% of transaction values, according to logistics provider STT Logistics. Meanwhile, the yuan has slipped to fifth place in global payments tracked by SWIFT, | :"Cross-border payments between Russia and China now carry fees and commissions averaging 15% to 20% of transaction values, according to logistics provider STT Logistics. Meanwhile, the yuan has slipped to fifth place in global payments tracked by SWIFT, | ||
| − | :<big><big>'''How many years ago did I ask | + | ::<big><big>'''How many years ago did I ask you to create the [[SWIFT network]] article, and you never did? You don't understand jack-diddly about the [[SWIFT network]], so please cease your [[trolling]].'''</big></big> |
Latest revision as of 04:17, November 15, 2026
If anyone takes issue with this essay, please write a counter essay such as the following essays:
Godspeed. Conservative (talk)
Can you name one single person or institution predicting the "imminent demise" of the dollar, or is this just you hearing things again that people never said? RobSThe Truth. Just Putin It Out There 23:25, January 6, 2025 (EST)
Can't name one, huh? Just reading into your investment advisor sources things that aren't there. RobSThe Truth. Just Putin It Out There 00:30, January 7, 2025 (EST)
- In the news reporting business this is one fact you have yet to learn: Investment advisor research materials in themselves are not "scholarly" nor "newsworthy", and the reporting of them with false, misleading, or non-disclosure of the source is a serious breach of journalistic integrity (but heck, since leftists don't care about journalistic integrity anymore, why should User:Conservative?) RobSThe Truth. Just Putin It Out There 00:35, January 7, 2025 (EST)
- I see the dunce cap you put on this page. User: SamHB said about me and my interaction with you: "You are, by far, the smartest, best educated, most knowledgeable, best informed person of all the regular contributors here. Except for Andy and myself, of course. :-) You have better things to do than bang your head against the wall. SamHB (talk) 11:49, July 28, 2023 (EDT)". Conservative (talk) 21:07, January 26, 2025 (EST)
- Yah, that's great, and well qualified: an endorsement of yours' and Andy's intellectual prowess by a known Rationalwiki vandal troll whose comments about your own intellectual capacity & debate skills are still accessible from the Rationalwiki website. Brilliant. It really feeds your narcissism. RobSZelensky Must Go! 18:45, June 4, 2025 (EDT)
- Often people with superiority complexes call others stupid. So do people with grandiose narcissism or people who exhibit narcissistic rivalry. Conservative (talk)
- I see the dunce cap you put on this page. User: SamHB said about me and my interaction with you: "You are, by far, the smartest, best educated, most knowledgeable, best informed person of all the regular contributors here. Except for Andy and myself, of course. :-) You have better things to do than bang your head against the wall. SamHB (talk) 11:49, July 28, 2023 (EDT)". Conservative (talk) 21:07, January 26, 2025 (EST)
- Careful. Your narcissism is showing again. RobSThe Truth. Just Putin It Out There 21:11, January 26, 2025 (EST)
- Here's what your strong dollar gets: Moody's downgrades US credit rating over high deficit - higher interest rates. High interest rates are recessionary. RobSZelensky Must Go! 20:32, May 16, 2025 (EDT).
- Uh, duh, I don't think anyone forecasted an "imminent" demise of the dollar. That was just another thing your imagination imputed on a subject you again had no interest or understanding of. What is certain is, the Big Beautiful Bill takes no reform measures to stave off the ongoing and eventual dedollarization process. RobSZelensky Must Go! 15:04, May 26, 2025 (EDT)
- For example: a threat ("imminent", in User:Conservative's mind) of "secondary sanctions" on Russian oil is just one factor that contributes to dedollarization in order to escape sanctions. If and when they occur, it alone by itself would not lead to the "imminent demise" of the dollar. It is the pattern of weaponization and abuse of the dollar's reserve currency status, since the unipolar moment by both Democrat & Republican regimes in the US, has led to seeking alternative means in order to sustain global trade. RobSZelensky Must Go! 15:25, May 26, 2025 (EDT)
U.S. dollar vs. Chinese yuan graph. The Chinese yuan will never replace the US dollar as the world’s reserve currency
Again, you simply do not understand Global Macroeconomics 101. A "strong dollar" is bad. A weak dollar" is good" for expanding US jobs, the manufacturing base, exports and MAGAnomics. A "weak yuan" is good for the Chinese economy and Chinese exports.
Phyllis Schlafly complained about China's manipulation of currency markets, but you never studied or understood the context. You used your false pride & hubris, which you confuse with "Patriotism", to attack both me and Ronald Reagan.
If you continue spamming global fascist rhetoric and talking points into Conservapedia (without proper vetting and intelligent interaction, I will again have to ask Andy for a Topic ban. You do more harm to Conservapedia and the broader conservative & MAGA movements with your relentless spamming based upon a personal vendetta, emotional problems, lack of serious discussion, and no facts. RobSZelensky Must Go! 17:12, June 4, 2025 (EDT)
As to the "strong dollar": the MSM media complex touts it as positive cause the US Treasury needs private investors to buy Treasury bills and bonds to support the budget deficit and attract investors with higher interest rates. You're doing the Democrats and big government spenders dirty work for them. RobSZelensky Must Go! 17:19, June 4, 2025 (EDT)
- Sure, when US tourists go abroad they can buy foreign luxury goods for nickels on the dollar, but US exporters like Ford's products are too expensive for foreigners to buy, which hurts US domestic manufacturers and jobs. Meanwhile, the "weak yuan" fills the shelves of Dollar Tree, Family Dollar, and WalMart. You have it exactly backwards.
See what I mean? I criticize his faulty research and conclusions and he just doubles down on spamming more.
As to the Euro, that debate/discussion ended 30 years ago as fast as the Euro came into existence. And now the EU/NATO at the NATO Summit in Vilnius has decided to accelerate their own destruction with a suicide pact to commit to 5% NATO spending on top of their loss of cheap energy, jobs, industry, being flooded with foreign jihadists of military age and their own collapsing birth rates, societies, and civilization.
Once again, User:Conservative is 30 years late and a few Euros short. He responds with 7,000 bytes of off topic, irrelevant spam on a timely discussion of global affairs.
No user:Conservative, it doesn't make you look intelligent or informed. It makes you look stubborn and stupid.
The fact that User:Conservative is recycling stale discussions about the Euro becoming a global reserve asset apparently is an indication in the back of his mind that the US dollar's status as a reserve asset is in trouble, and that his Essay:The United States will remain the leading global power for the foreseeable future is a bunch of hooey and neocon propaganda. This is typically how he responds - with a bunch of spam hoping to confuse readers even more. That's not conducive to building Conservapedia as a conservative educational resource.
- User:Conservative wrote in the past two weeks, "Military power is based on economic power", which Europe has neither. Yet here he is spamming away in efforts to cover his butt.
Donald Trump on weak dollar v strong dollar
| Well, you know, I'm a person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money. Hate to tell you. I don't know if you study it, but I study it. So when we have a strong dollar, one thing happens. It sounds good, but you don't do any tourism. You can't sell tractors, you can't sell trucks, you can't sell anything. It is good for inflation. That's about it. And we have no inflation. We've wiped out inflation. But it's an interesting question.
So I will never say I like a low currency. But you remember the battles I had with the yuan, with China, and with Japan. Japan being the yen. They always wanted a weak currency. They're trying to get a weak currency. Now, it doesn't sound good, but you make a hell of a lot more money with a weaker dollar. Not a weak dollar, but a weaker dollar than you do with a strong dollar. And the first people that are going to notice it are the manufacturers of trucks and various other things. Like look at Caterpillar, how well they're doing. Now, when you have a strong dollar, you can't sell anything. It's only good for inflation, and it's good psychologically. It makes you feel good. But with that being said, I love strong dollars, but you make your money with a currency. And I had so many different fights with President Xi with I mean with between Japan and China, all they want to do is have a weak currency. They're always fighting for a weak currency. And that's how they really dominated over the years. So when I see it [the dollar] down there, I don't lose sleep over it. Let's put it that way. In fact, sometimes I go to sleep very happy. You understand? |
[1] Note how Trump mentions tourism first, before manufacturing. Trump built his fortune on tourism with Trump Hotels. "A weak dollar makes you a hell of a lot more money".
"Now, when you have a strong dollar, you can't sell anything. It's only good for inflation." See my explanation, above: "the US Treasury needs private investors to buy Treasury bills and bonds to support the budget deficit and attract investors with higher interest rates." RobSZelensky Must Go! 12:01, July 25, 2025 (EDT)
China/Russia vs. USA. And the winner is...
Russia's push to replace the U.S. dollar with China's yuan collapses.[2] Russia has sharply reduced its reliance on China's yuan for international trade as U.S. sanctions discourage Chinese banks from processing transactions.
This deals a setback to Beijing's ambitions to expand China's yuan global role. First, China’s share of global GDP has fallen in nominal terms from 18 to 16.5 per cent, while the US share has risen to 26 per cent and now this! [3] USA! USA! USA!
America is not in decline. Russia and China are in decline. RobSmith is proven wrong again! On behalf of all Americans, I declare total victory! Ole! Ole! Ole! Conservative (talk) 06:17, November 11, 2026 (EST)
- "Cross-border payments between Russia and China now carry fees and commissions averaging 15% to 20% of transaction values, according to logistics provider STT Logistics. Meanwhile, the yuan has slipped to fifth place in global payments tracked by SWIFT,
- How many years ago did I ask you to create the SWIFT network article, and you never did? You don't understand jack-diddly about the SWIFT network, so please cease your trolling.
lthough Chinese officials maintain that transactions through China's domestic payment network demonstrate broader international adoption."[4]
- Ouch! That hurts! 😀
- I trust this clarifies matters. Conservative (talk) 09:15, November 11, 2026 (EST)
- You're stepping in doggie doo-doo big time. You're timing is atrocious.
| “ | Never interfere with an opponent when he's in the process of destroying himself. | ” |
- My bad. 11:58, November 11, 2026 (EST)
{A) Who predicted "rapid" de-dollarization?
(B) What is the impact of rising interest rates on the US budget deficit?
(C) How are the Gulf states going to buy US Treasury debt when their oil infrastructure has been destroyed and what remains cannot be exported through the Strait of Hormuz?
(D) Will the Democrats continue Trump's Iran war to reopen the Strait of Hormuz?
deflection to above questions
- -The econmy of Russia and China are bad. The economy of Iran is worse - much worse!
- As far as the USA/Israel vs. Iran War, Small Wars Journal points out the historical pattern: negotiated settlements are the most common way for interstate wars to end historically, with Korea, Vietnam, and Iran-Iraq as examples.[5] Keep this in mind when you engage in wishful thinking concerning the Russo-Ukraine War. If wishes were fishes, every person with hyper Russophilia and every Putin fan boy would have a fry! Conservative (talk) 15:47, November 11, 2026 (EST)
- The USA has the resources to weather the USA/Israel vs. Iran storm:
- I trust this further clarifies matters. Conservative (talk) 16:14, November 11, 2026 (EST)
- The United States has experienced periods when its economic and geopolitical position appeared less impressive, and critics confidently predicted the end of American predominance. Yet the long-term fundamentals of American power—its enormous economy, accumulated household wealth, technological innovation, capital markets, energy resources, ability to attract talent, and institutional adaptability—remain exceptionally formidable. Historically, the American lion has roared back before after setbacks, and there are good reasons to believe that it will remain the world's leading economic and geopolitical power for the foreseeable future.
- USA! USA! USA! 😄 Conservative (talk) 17:07, November 11, 2026 (EST)
For more information on this topic, please see:
*Essay: Slow and steady growth of the money supply under the economic theories of the incompetent pedophile John Maynard Keynes and its rapid growth by Keynesian economic stimulus the few times its GNP has gone down is costly to the long term economy.