South Korea and Indonesia possibly moving away from US dollar for trade

America is like the chick after the bukkake ends

Everyone leaves town and there we are all alone with nothing to offer and we’ve been used and discarded

I find it fascinating how people think its a foregone conclusion that two countries (indonesia and SK in this case) must use US dollars to buy shite from eachother.

Well, when you tank the dollar as hard as we have over the last 3 years, it starts to have a snowball effect on other economies that rely on the dollar. If inflation is bad for us, imagine what its like for them.

This one I actually have a problem with. If South Korea moves from the dollar then they really are biting the hand that feeds them.

Yay.

More countries helping contribute to the fall of the US dollar

I wonder how they would feel if we abandoned the 38th parallel, removed our military, closed the bases and took our guns/planes/equipment/missles home? Then put a huge tariff on any cars from South Korea sold in the U.S.? I know Sleepy Joe is the reason for this issue and he wouldn't do this but what if? Trump wouldn't stand for this crap.

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Is the new currency pegged to the USD?

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Yuan

To which Plugs responded,"F*** you, I'll print all the monopoly money I need. Here take this dollar with the tranny face in place of George Washington and pay somebody to gnaw that thing off your face". - Creepy Joe Biden Unhinged.

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I find it fascinating how people think its a foregone conclusion that two countries (indonesia and SK in this case) must use US dollars to buy shite from eachother.

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It's not that they "must". That they do, however, gives the USD more value. The more countries using them, the more value for the currency. If we start seeing countries abandon using it, the value will drop. The USD dropping in value is expressed through inflation.

Where this becomes especially problematic is with the US debt. Part of the USD's desirability is due to US debt being such a safe haven (there's little interest, but you are pretty much guaranteed a return). As the desirability of the USD in transaction wanes, the value of the USD wanes and thus so too does the value of our debt (because who wants to loan money to someone who is becoming ever more irresponsible and fewer people are valuing what they have to offer).

So what happens when people become less likely to buy US debt? Inflation increases as the value of the USD falls, meanwhile Congress will look to the Fed to fund its ever-increasing deficit spending (because they won't let a little thing like dropping USD value get in the way of buying votes and favors through spending money we don't have). And what happens when you begin making shitloads of things fewer and fewer people want?




I'm not saying this is a definite problem, but that it could be. If a major trading country like SK finds some extra benefit from trading in anything(s) other than the USD, it likely wouldn't take other countries long to look into that for themselves. If they can replicate that success, they will. The BRICS countries are already looking at creating their own currency to move away from the petro dollar and then entice other countries to move from it as well.

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The last time a country imploded like this was Germany in the 1940s.

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Rewind a bit.

Hitler was only possible because pf the implosion. He didn't cause the implosion.

He caused more of an explosion.