Dollar dominance: What's next for the greenback? | Counting the Cost

The United States dollar is stronger now than it has been for 20 years.

That is because of the Federal Reserve.

When the Central Bank raises interest rates, it makes the greenback more appealing to investors around the globe.

But the global economy is teetering on a cliff edge. And as fears mount of a worldwide recession, dollars are seen as a safe place to hold your money.

On Counting the Cost, we ask: How have rising rates and a strong dollar negatively affected gold’s performance? Can crypto still be considered a hedge against inflation? And can it bring back investors after the FTX Collapse?


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[ReidCoffman]

Instead of trying to predict and prognosticate whether or not we’re going into a recession and precisely when it’s going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[abuahmed]

The US dollar is losing dominance in the global trading , it is because of the wrong policy being pursued by the US .

[ssudareson]

It's better use the Chinese Yuan or the Russian Rubles to invest, trade, and do business because if we use the US dollars or Euros to do business, we will very well be sanctioned in the future if we don't follow the west, mainly america's instructions in foreign That's why other countries are moving away from the
This is the

[zebrastar]

The dollar will still remain a dominant international currency but will gradually diminish with time. This is because the dollar continues to be weaponised and rational risk behaviour will force countries to avoid putting all their eggs in the dollar basket as it can get confiscated.
Also they forgot to mention the increasing trend of bilateral trade in local currencies. The US sees trade in local as a threat to the dollar and even warned Turkey against doing that with Russia.
Also though the western financial system remains dorminant countries are aggressively pursuing alternative financial systems to bypass the western controlled system.
Advances in technology means countries have choices apart from US products, and this can affect the demand for the dollor.
So the dollar's dominance will diminish over time as has already started, but it would very gradual.
What would finally happen is that the US would threaten countries with sanctions if they use any other currency aside the dollar, Euro and Pound Sterlings.

[luckyinetianbor]

So this interview is supposed to restore our faith in the dollar? Lol

[palikiridena]

what ever you try to drum up about dollars is not going to work, other leading economies are dumping the dollar, end result if you don't use something the value drops

[rodneyloder]

The gold market is easily manipulated through the selling or buying "Non - physical" gold.

[weiminglu]

In order to hedge against Dollar Dominance, the trade agreement between China & Russia decided to use EURO Dollar as the denominator. It seems to me that EU does not know how to take advantage of that, don't they?

[sjishah]

The guy from Brussels is living in some form of coco land, wonder he was the DG of ECB. He is not up to date with the current and fast growing world situation. But anyway euro is other side of the mirror that's why he is defending both. Now tell me about the what liquidity are they offering against thier value?

[kcthunder]

The symptom of a collapsing reserved currencies, base on historical record are always the same. Its started slowly, gradually, almost unnoticed and then, suddenly over night, it just collapse very, very drastically. . . This is exactly what is happening to USD now ...

[jimthorhauge]

When the EU imposes sanctions on French cosmetics, the Russians use locally produced cosmetics that cost 1% of the price of equivalent French products. So, on paper, GNP will fall 2-3 percent this year. But it makes for a healthier economy.

[aarushisanah]

I made my first million this year and still doubled it this same year with the help of a caring and understanding woman, down to earth and ready to help anyone to the next level of life, I'm grateful to meet a woman with a heart like hers.

[robertkarake]

Change is coming. Dollar dominance is done for. It took 40 years to depose the pound as main currency. Commodities is king

[clarenceedwards]

This gentleman is speaking of the dollar as though it was created by God Almighty. What currency did the world trade with prior to 1492? Or did world trade just start 5 centuries ago? There was a time when the British pound was the world reserve currency, but that currency is no longer the case.

[pardeeptandon]

Russian Ruble has doubled in value while all other currencies have gone down

[mohammedal-saad]

What nonsense are they talking about, USD is strong because of the their central bank? USD is strong because of petrodollars system, without it USD will fall sharply, but they continue to mention everything else except the most important factor for their dominance? I'd like to see how strong the dollar is if oil isn't sold only using USD.

[duncank.]

This interview is just for restoring faith on the dollar
Countries have lost faith on the dollar and are looking for alternatives.The US is massing with the global economy, they just print the dollar (because they enjoy that monopoly of dollar printing and privilege of global reserve currency)and export inflation to other countries in exchange of imports

[casiandsouza]

How does one trade currency with no commodities to trade?

[michaelsomething]

This guy is a joke. Euro loss against the dollar by 22% fir past 10 years. YOU SAVE 1 MILLION FOR A RETIRMENT IS NOW WORTH $780, 000.

[ionutsfetcu]

This is misleading us.the dollar is going down