@ATVIAssist I have been banned for using unauthorized software and manipulation of game data. I have not been cheating. I actually have been getting smoked in ranked play so I don’t know how this is the case! Please respond asap!
This is a rough draft of a post I'm writing to give a counter argument to the dollar crash narrative. Feedback appreciated and may incorporate into final draft/whiteboard vid. Pls overlook layout, grammatical, spelling errors. thx
The Dollar Crash Paradox
Introduction
The main argument for the dollar crashing (losing 50%+ of its value vs other currencies) is a decreasing demand because foreign entities will “dump dollars.” This is also one of the main talking points for those who believe the US will lose reserve status within the next 10 years.
In my view this argument doesn’t take into account the way the current monetary system is structured. Incidentally, the structure I’m referring to is why headline CPI in the US can go up to 9.1%, government debt can increase from approximately 22 trillion in 2019 to 34 trillion today, deficits can explode, foreign central banks/governments can “dedollarize,” and the dollar can not only appreciate in value vs other currencies but can maintain or increase market share in terms of use by global commercial banks and non bank entities.
Please notice how USD reserves held by global central banks have decreased while the use with banks (using FX transactions as a proxy) has stayed constant. I believe the latter, what non government/central bank entities are doing, is far more important in determining the dominant global currency.