15 Comments

Great article. One comment - stability of a currency also depends on that country’s legal system and whether most countries can trust that legal system to be fair.

Most of the other currencies while having power to challenge the dollar, their governments are not trusted because their legal infrastructure is obscure or corrupt. I think this will prevent currencies from China, India etc. to have parity with the dollar for a long time to come

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Great point. Though US regulators are criticized on many aspects, the institutions are very strong and that's a big advantage in terms of trust.

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Exactly

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Great article, very rare for the insights, I will make just one observation: I think that the real force behind a nation beeing a superpower and its currency a reserve is tecnology, and the leader is still the USA, the battle is in this field, and it has already started, just look at TSMC fabs in USA soil.

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Who owns the patents & IP for making these chips? Not the USA. AMSL, TMSC do

What if the chip fabs were sited in Mexico?

According to your logic that would make it the most powerful nation on Earth.

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US entities own 90 percent of all semiconductor related patents and controls also 90 percent of chip design. Do your research. But the chips are not the only things that define the tech advantage.

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Best article yet! Thanks for breaking this down, seems overlooked by most.

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Thanks for this enlightening information on the strength of the US dollar. I've been worried that China will become the economic leader in the world . Maybe AI will have a more positive effect on the US. My issue is with the people in the US. So many people have an unproductive entitled mindset.

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The fact that the people in the USA have an entitled mindset is the reason why their decline or collapse is inevitable. It may not be this year or the next, but unless they change their attitude, it will be in the near future. By the way, that attitude of entitlement isn’t just unique to the USA, but to all developed nations. It’s disheartening to say the least.

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Good article, informative.

I do think this time it wont be 1 countries coin to replace the dollar.

As i u derstand now Bricks want to create something like currency or coin, that is backed by commodities. Gold silver, diamonds land etc not just what is above ground, but also still in it.

Not sure how that would work out in total, but it would not be a renminbi/yuan.

Also stated below was a remark about trust. People have to trust the numbers governments give out. Government like russia and china lie about there financiial status and gdp. So they say chana is gaining on usa, but this has been investigated further, and they are further away in gdp than stated.

I agree that America behavior with the usd is the reason for its fast decline because of trust. The weaponising will scare other countries out of the dollar, and the hypocrisy. As seen in the flight to gold, silver, and small part bitcoin. As a great nations rise decadence weird behavior and split in ritches (like the romans) will set the fall. Its clear to me were we are in this cycle.

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1) Doubtful; if so, then where are the Yank fabs?

2 Especially doubtful for latest generation of five nanometer chips

USA: a Fallen Titan.

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Thanks for this Graham! Great historical perspective on an important subject

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India and btc

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Let’s ignore the monetary fiat madness of the lunatics in charge. Trillions upon trillions of free fiat. USD is not money just the best looking Ponzi.

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So many see the 'fall of USA' however that happens. Biden won't care, down in his underground city.

That leaves us, individual citizens and we have some time.

We're not united, but individual.

With the time we still have, how best to prepare for the fall, if

you think that. What might it look like?

Then, next month, we have King Charles, good pal of Jimmy Saville,

which says something.

I expect a major change in him, you?

He OWNS Canada; will he sell it?

To China?

Thoughts.

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