Anyone else tracking the growing # of countries leaving the US Dollar?

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  • HonkieKowboy

    Sharpshooter
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    Nov 14, 2018
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    Lafayette
    The Euro and U.S. dollar are very close in value. I don't think that changes much about the possibility of outcomes when nations agree with one another to do business without/instead of using the U.S. dollar.
    View attachment 296014
    The U.S. dollar compared to the Yuan looks very strong.
    View attachment 296021


    I wonder why the U.S. buys everything (seemingly, practically) from China and not Europe? What if China says, "Hey, U.S. pay us in Yuans."? Or really any other currency other than the dollar. Does that change the equation in your mind? Really the debate isn't about strength of currency currently. The debate is about the strength of our currency when other nations don't use it, buy it (our debt), invest in it or accept it at all. It isn't here yet, completely at least. But the process has begun.
    If you thought doing business in the US was bad because of red tape, it's terrible in Europe. There's so many fees, loops and hurdles you have to deal with it's just not worth doing business in Europe. Not to mention the cost of living in europe is absurd even by US standards.
     
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