Dedollarization.

[andrewfi]

People do not understand that currency pricing is not a race.
In macroeconomic terms, the current price of the US Dollar against other major currencies is probably too high.

A lower priced renminbi against the dollar is advantageous for most Chinese economic activity.

It is usually instructive to look at other currency pairings before making comprehension free statements of the type made by the likes of Texan77.

[Texan77]

You guys keep talking about the dollar is going to zero and without looking at what is really happening. China has currency controls against its wealthy. You can never have a world reserve currency that has currency controls to keep the currency value as it would be much lower if there were no controls. It is not all doom and gloom for the dollar neither with China going to the moon. China has serious problems that most people here want to overlook. All the long-term problems the USA has China has an even worse problem and the value of its currency shows that. Not that China is going to go away but the big growth in China is over if it is possible to get any real numbers out of the country.

It is just you guys talk about dollars returning home depressing the dollar when that problem is not as large as China's problems. Because of currency controls the Chinese people do not buy nearly as much in the USA and the rest of the world as they used to buy and are only able to buy what the Chinese government will let them buy. For an example a Chinese company may be able to buy farmland because the government of China wants to have indirect control over that land and get farmed products sent to China. So, the USA concern is will we have a shortage of farm products in the USA.

[andrewfi]

Texan, you're clearly not reading the words in front of you. Nobody  apart from similalry uninformed people to yourself, that Ihave read here or anywhere else has suggested that the US dollar's value will fall to zero.

If you want your posts to be read and your opinions to have any value, try to get at least some of the facts straight.

I have i the past provided reading lists to help the uninformed to become better able to join the discource of other people. Do a search. Learn about the prices of currency and the benefits of a currency being higher in relatio to another - and the drawbacks.

You're writing piffle because your level of knowledge is so low.

[Texan77]

The USA federal reserve is raising interest rates and reducing the money supply. This is like to cause deflation or increase in dollar value. The trouble is this will likely be a very bad recession and is really a mistake the federal reserve is making. This video is Cathy Woods. She runs a very large investment group.

Also reading big problems ahead for the auto market in the USA. Bank loans on cars are likely to have problems as car values expected to decline as car sales have slowed down already. Car inventory is increasing on dealers' lots. Real estate market over extended and likely to have future problems. I bet the same thing getting ready to happen in Europe and UK. 

[Contrarian]

This article is blunt and very scary.

Quote

"The government collects $2.6 trillion of individual taxes at the point of a gun and threat of prison. Meanwhile they still operate at an annual deficit of $2 trillion. And this is before interest on the national debt starts to really skyrocket. Our Troll Secretary of the Treasury Yellen had the opportunity to lock in trillions of our national debt for 30 years at 2% rates, but purposely kept rolling it on a short-term basis."


https://www.zerohedge.com/geopolitical/quinn-crash-will-be-spectacular

[Contrarian]

Video starts at 2:30