There are 6 main reasons for countries to decouple from US dollar:

[onebyone]

https://twitter.com/x/status/1646879329111138304

 

[villageidiot]

What does #4 mean? How does the US know all your business if you use the dollar?
@FuturePAF @ziaulislam

4) Enjoy privacy. When you use US dollar, Uncle Sam knows all your business.

 

[VCheng]

https://twitter.com/x/status/1646879329111138304

Every country is free to use whatever currency serves its needs the best. After all, there are so many threads on how many of them are ditching the dollar. For example:

Brazil, China strike trade deal agreement to ditch US dollar

Brazil, China strike trade deal agreement to ditch US dollar China overtook the United States as Brazil’s top trading partner in 2009 Published March 29, 2023 8:56pm EDT Brazil and China have reportedly struck a deal to ditch the U.S. dollar in favor of their own currencies in trade...

defence.pk

So what exactly is the issue here? There seems to be no problem at all.

 

[FuturePAF]

What does #4 mean? How does the US know all your business if you use the dollar?
@FuturePAF @ziaulislam



View attachment 924760

I assume it means all electronic use of dollars is through the SWIFT system, and therefore needs to be allowed to happen. If sanctions prevent them from using the SWIFT system, they are locked out of electronic dollar transactions.

 

[大汉奸柳传志]

without dollar dominance the US will simply wither and die. We get rid of USA by getting rid of USD. that is the only reason.

 

[jamal18]

without dollar dominance the US will simply wither and die. We get rid of USA by getting rid of USD. that is the only reason.

A peaceful end to the US empire.

 

[VCheng]

without dollar dominance the US will simply wither and die. We get rid of USA by getting rid of USD. that is the only reason.

Nothing is stopping you. Please go ahead with it TODAY.

 

[Super Falcon]

US military and ecnomical dominance is now in start phases to decline as most countries want to ditch dollar remember once asian countries ditched dollars USA will collapse as EU mostly uses euro Africa don't trade that much in dollar after Asia south American countries will join too

 

[VCheng]

as most countries want to ditch dollar remember once asian countries ditched dollars USA will collapse

Please do it TODAY! Why wait?

 

[kankan326]

What does #4 mean? How does the US know all your business if you use the dollar?
@FuturePAF @ziaulislam



View attachment 924760

US can track where the dollars went. US can also figure out what kind of business had been made by monitoring how much dollar flowed in and flowed out from which company to which company.

US military and ecnomical dominance is now in start phases to decline as most countries want to ditch dollar remember once asian countries ditched dollars USA will collapse as EU mostly uses euro Africa don't trade that much in dollar after Asia south American countries will join too

Many people said Russia is the biggest loser of Ukraine war. I said otherwise. US will be the biggest loser of the war.

 

[kuge]

Please do it TODAY! Why wait?

typical knee jerk reaction...

 

[beijingwalker]

Please do it TODAY! Why wait?

Only fools will think dollar will collapse overnight in one day, it's not good fo US and it's not good for China either, but still, anyone who is not blind can see the erosion of dollar has already started.

 

[ziaulislam]

What does #4 mean? How does the US know all your business if you use the dollar?
@FuturePAF @ziaulislam



View attachment 924760

All banking transctions are done via swift system that in theory is owned by a consortium of Americans/European banks but in practice after Patriot act can be viewed by uncle same within a few minutes.

China has its own system and is massively pushing for it

Removing Russia from swift is what triggered popularity of Chinese system

It was a stupid move by USA

 

[migflug]

Simply not possible, to replace Dollar, China has to completely free its renminbi which is simply not possible. China keeps their currency undervalued for higher export, so to make renminbi a dollar substitute they have to remove those checks and balances, which i don't think CCP would want. There is no decoupling from dollar as of today, decline sure, but no substitution by any currency.

 

[beijingwalker]

Simply not possible, to replace Dollar, China has to completely free its renminbi which is simply not possible. China keeps their currency undervalued for higher export, so to make renminbi a dollar substitute they have to remove those checks and balances, which i don't think CCP would want. There is no decoupling from dollar as of today, decline sure, but no substitution by any currency.

Who said China wants Yuan to replace dollar?