USD vs Global Currencies
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bc its the reserve currency (but on the way out).
but according to your table, that king title belongs now to chf and funny enough to dram.
but the older version of this table the usd was indeed no. 1
but according to your table, that king title belongs now to chf and funny enough to dram.
but the older version of this table the usd was indeed no. 1
I'm far from being a macro expert but I bet the next 10 years will look exactly like this
Sure. I wouldn't touch AMD but if you take into account currency based asset yield and growth CHF is far behind USD.
by end of this decade, the usd will not be the reserve currency any longer.
the best currency is missing from this page, Bitcoin.
amongst fiat I'm really curious - the inertia is huge, 10 years is not enough for USD to lose the dominance
bitcoin will be the reserve asset at the time anyways
Only 10 Years? 🙄
How about 40 years? 😉
Anyone who has been involved in Swiss Private Banking as a customer and then juxtaposed it to the American system would have been cognizant of this since the '80s and that the undisputed King is this one...
There is NO way to survive bullying the rest of the world forever... One MUST add value for everyone involved if one is to expect loyalty! 😉
PS. Historical currency converter with official exchange rates from 1953
Note: Numbers NEVER lie! 😉
Last edited: Jan 27, 2024
Indeed if you just need to preserve your wealth, CHF wins.
But if you want to build?
How much would be your net worth today if you had traded and invested for the last 10/40 years in CHF only compare to USD?
100%. But it's not a Fiat currency, hoping that it'll never fall (officially) under governments' control.
Last edited: Jan 28, 2024
You just trade around the winning stocks, works in every currency. But theres no guarantee. 😉
how would that happen?
the point of this post is that USD is way better then other fiat currencies... the fact how much USD itself depreciated only emphasizes how deep this s**t is
It could be because USD has the privilege of being the global reserve currency. Strip it out of it, would it still continue to be "way better"? Or give this status to Malaysian ringit or chinese rmb, it'd be "way better" too.
It's global reserve currency not because it's better. But it's better because it's global reserve currency. Not?
correct
that role is not given to USD - it's taken and preserved by the US because they are the strongest mafia
rof/% rof/%
I see that today you woke up with the sole purpose of dropping unequivocal truths all day long! rof/%
Congrats and thank you!
PS. Some of us need to get hit hard with the undeniable truth regularly! 😉
Yeah, if you go back to 1953, 1 USD was worth over 4 CHF. The Swiss franc is a really well managed currency over the long term.
By the way, the 1 CHF coin was originally issued in 1850, and it is still the same today, and can be used in shops. They did change from 90% silver to copper/nickel in 1968, so it's rare to find coins from before 1968 in circulation, but the size and design is unchanged since 1850.
1) It's not the reserve currency.
2) EURODOLLAR is the reserve currency (and market 300-400 trillion $ in value -demand)
3) unless the EURODOLLAR market is paid up (debt priced in $ but paid in local currencies or $) and all new loans are priced in x currency the US Dollar will remain supreme for servicing international trade, loans and everything else.
all of you saying BTC will be the reserve currency have to stop doing drugs lmao, and I say this as a crypto trader
rof/% rof/% rof/%
Let people dream, will you? 😉 ... It helps adoption and it will help some of us who can handle self-governance become the next TOP 0.01%. 😎
PS. The incumbents would rather BLOW up the world than allow & accept another "group" of people to sit at "their" table, much less displace them from their comfortable table. 😉
We have only had full on fiat currencies since like Nixon closed the gold window in 1971. This brief experiment in fiat currency does not seem to be going very well, to put it mildly. It seems inevitable they will print them all into oblivion (except possibly the CHF of course). If rulers/politicians have the power to print, they will, and that is what we are seeing.
For millennia, people used stuff for money that rulers couldnt randomly print more of. Seems very likely we'll go back to that situation again when this short experiment in fiat money inevitably goes belly up.
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