Future of dollar:

It will slowly lose primacy and become just one of many currencies used in international trade. It will not fully collapse unless and until the US itself does.

To what extent the dollar’s value is tied to the petroleum, it’s likely to lose value. For the material interest of USians, they might need to reindustrialize and can’t buy everything cheap because of the loss of the petro dollar and the IMF/world bank are too greedy to offer a fair deal to developing nations. The cost of goods have been and will continue to go up due to the left’s inability to break apart monopolies. The purchase of intermediate products and raw materials could also go up if better paid labor conditions resulting from unionization abroad occurs. Oh well, USians better leave or or try to build socialism or just LOL fuck it they’ll have to make a new currency based off of bitcoin because it became more stable than the dollar.

I expect that it’s pretty grim. Every country that’s not already a US vassal is actively dedollarizing. You no longer have to use dollars to buy essentials like oil, and BRICS are actively creating a new economic bloc that has most of the world’s population and natural resources.

It’s hard to predict when the dollar actually crashes, but I think the trajectory is irreversible at this point. US failed to contain Russia or China, and India is increasingly distancing itself from US as well. US simply doesn’t have much to offer at this point, and if western system sees another crash then the BRICS will become the new economic centre.

It’s in for some rough times ahead. As I understand it, the basis of its value comes from its necessity in global trade and settlement. Theoretically a currency derives value from the production of the nation from which it comes, but as we know the US has no real production to speak of.

Looking at what happened to the pound sterling in the post-WWII period may give us some indication of what may happen to the dollar. The sterling was once the primary global currency, but targeted economic warfare on the behalf of the US put an end to that. Of course now there won’t be another state waging economic war on the US, as the US waged on the UK, but the global community as a whole shifting to bi- and multilateral currency deals will ultimately have a similar effect.