@Andrew ******
exactly what I’ve been saying 100 times in this forum 😅
However I look at the dollar from two perspectives
1) currently the US dollar is down trending since the swing top on September 28. This downtrend is completely normal and expected as cyclical price action. This is what I call the macro economical chart structure. Eventually the DXY will trend up again in a few years
2) is more the long term holistically view. Because all currencies today are FIAT and because they’re all Ponzi schemes. It means that this circus will eventually come to an end. I call it the big reset and is something which happened many times in the history. Simple because a FIAT currency based on money debasement cannot sustain itself. US debt is increasing with a pace of 1 trillion dollars for every 100 days. Currently approaching 35 trillion. For comparison the US military budget is just shy of 1 trillion. Eventually all FIAT currencies will collapse. Make sure you’re in US dollar when that happens because the dollar will be last man standing. Just don’t expect this to happen anytime soon
My final comment is related to the wall of worries in this post. All the absurd moaning that BRICS will kill the dollar as the world’s reserve currency. That’s complete nonsense. BRICS can shout as much they like. At the end of the day they’re dwarfed by the United States and Europe. Furthermore BRICS consists purely of political unstable countries and troublesome countries. BRICS is a big fat nothing burger. It’s like saying a group of convicts will take control of the world
Finally we have the petrodollar discussion. Again a nothing burger. Yes it will weaken the dollar short term. But that’s about it. It will never change the world order
And repeating myself again… I’m not advocating for the US or their dollar. I’m just looking at the charts and data