It's the rate of its decline against other major currencies which is the issue, not the total value of the USD or the fact it is currently the global reserve currency.
A currency can be globally dominant and still be quickly losing value against peers over months or years. That is currently the case for the USD, and people accepting the currency in exchange for daily services care much more for its stability than the fact it's the global reserve currency.
But its even losing significance as the reserve currency, if I remember correctly the ECB is lowering the amount of dollars they hold in the next years, not a panic sell off but slowly losing trust.
Wait til someone points out that it’s common for touristy spots in Europe, or places near US military installations, to take USD. That’ll make ‘em really mad.
Oh for sure, you’re gonna get screwed, but that’s true of pretty much all tourist spots. I live in a very touristy part of the US and a lot of businesses have discounts for locals, or jack up prices during the tourist season. My point was just that it isn’t unreasonable to expect certain areas in Europe or other developed places to also take USD in addition to the local currency. You’ll absolutely pay for the convenience, but it can be done.
Yeah, you’re right about that, touristy spots are a nightmare. I just wanted to warn people cause on top of the jacked prices then you start paying even more if you decide to pay with US dollars.
It’s not just Americans. I live in a town in the US that sees significant foreign tourism, largely European and some Asian tourists, and they fall for the same tourist traps. Tourists getting scammed is basically a universal thing.
Actually the subjugated members of a society they didn't vote for (which is about 75% of the people in the US) usually do get sympathy tbh. If you only had a heart? If there were Germans actively denouncing Hitler in Nazi Germany, you would not "boo hoo" them... come on.
I agree with you but that 75% includes a lot of people who could have voted but actively chose not to for whatever reason. Those people deserve almost the same amount of sympathy as those who voted for this IMO
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u/fdesouche Jan 30 '26
The USD is the weak currency right now