Economists at JP Morgan, the largest US bank by assets, published a research paper on de-dollarization in 2023.
In reference to the global economy as a whole, they concluded that, "while marginal de-dollarization is expected, rapid de-dollarization is not on the cards".
However, they argued that, "Instead, partial de-dollarization — in which the renminbi assumes some of the current functions of the dollar among non-aligned countries and China’s trading partners — is more plausible, especially against a backdrop of strategic competition".
The JP Morgan economists added, "This could over time give rise to regionalism, creating distinct economic and financial spheres of influence in which different currencies and markets assume central roles".
This seems inline with the Chinese leadership game of influence, as well as the clown show that the US has become. Even with the interest still there from the US standpoint two decades of GWT, the lack of prioritize spending on following our so called values, the very high debt to GDP ratio we are running, the lack of real legislative ability, plus other challenges, all make the fundamentals seem less fundamental. Although China very much has it's own issues such as an excess of manufacturing, a housing bubble, and a very steep demographic bubble. So their fundamentals are seemingly similar in question, but they have a marked ability to pivot quickly and do seem to be using their status as the 2nd largest economic to garner the same level of influence.
Whether either has staying power of economics and global influence for the next 50 years is a very interesting question.
I certainly don't count the US out yet, but even if the election settles things down, there is some real work to do which has little to do with the current hotly discussed policy topics. I'd be curious about your opinions?
Want countries to re-dollarize, you have to incentivize the, which probably means making the US the dynamic yet stable economic it was. Punishing countries, how laughable.
I think that ship has sailed though, as globalization has caught up yet again.
What's the privacy criteria you are thinking about?
What in the world are they digging for?
So don't bring your submarines into the area. Brilliant!
The DDOS attack or the lawsuits?
I appreciate the cogent context and solution oriented post.
I'd also say though that from a privacy standpoint self-hosting invidious is still allowing GeoIP info to be attached to downloaded videos, which is a fingerprint which can be used by data mining. Admittedly rather abstract as in this case the primary point of deplatforming might just be to de-ad, or give better video control, etc, and not obfuscate for privacy sake.
As I said though great points!