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Economist and Political Scientist Refute Claims of US Dollar’s Demise Despite Trend of De-Dollarization News

Economist and Political Scientist Refute Claims of US Dollar's Demise Despite Trend of De-Dollarization News

This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures associated with the BRICS bloc. In a recent article, the American political scientist and author Ian Bremmer insisted that claims of the U.S. dollar dying are overblown. In addition to Bremmer’s comments, economist Paul Krugman also asserted in a recent op-ed that the greenback isn’t going away anytime soon and called some of the speculators “‘Weimarists,’ people who are always predicting hyperinflation.”

Political Scientist Ian Bremmer Insists Dollar Death Speculation Is Greatly Exaggerated

The subject of de-dollarization has been a topical discussion in 2023, as several market observers suspect the United States dollar could collapse in the near future. Many conversations and debates revolve around the BRICS nations (Brazil, Russia, India, China, and South Africa) and the alliances these countries have made. Several decisions have been made with help from members of the Organization of the Petroleum Exporting Countries (OPEC) to ditch the dollar in gas and oil settlements.

Moreover, worldwide Google Trends data shows that the term “de-dollarization” reached the highest score of 100 in terms of search interest during the week of April 2 to April 8, 2023. Google Trends data indicates that the subject began gaining momentum during the last week of March 2023. Prior to that, interest rose during the end of January 2023, but not nearly as high as the week of April 2-8 recorded by Google Trends’ 12-month metrics. Although interest has risen, the internet has been flooded with stories discussing the U.S. dollar’s theoretical doom and its removal from the throne of the world’s dominant reserve currency.

Amid these stories, Ian Bremmer, the founder of Eurasia Group and an author known for his knowledge of global political risk, has offered a different perspective on the alleged collapse of dollar dominance. Bremmer acknowledges the trend of de-dollarization headlines by highlighting eight different articles. The author says that these stories have “provided a fertile ground for gold bugs, crypto shills, hyperinflation truthers, techno-libertarians, anti-imperialists, and run-of-the-mill grifters to stoke fear about the dollar’s imminent death and its supposed catastrophic consequences for the United States and the global economy.”

Bremmer shows USD usage data from the Federal Reserve and insists that “rumors of the dollar’s death are greatly exaggerated.” He also asserts that, by most measures, the greenback “remains incontrovertibly dominant in global trade and finance.” The Eurasia Group founder stresses that the U.S. dollar possesses several “desirable features,” such as offering stability while also being “liquid, safe, and convertible.” However, Bremmer concedes that the greenback’s dominance could slip someday, as other dominant currencies have in the past. The author states:

None of this means that the dollar’s advantage can’t slip, of course. After all, every reserve currency that came before the dollar was dominant until the very moment it ceased to be.

Economist Paul Krugman Claims U.S. Dollar’s Role ‘Looks Pretty Secure’

The Eurasia Group founder is not the only one who feels that the dollar isn’t going to lose dominance anytime soon. Economist Paul Krugman also published an op-ed about the de-dollarization subject in The New York Times. Krugman takes aim at gold bug Peter Schiff and “Rich Dad, Poor Dad” author Robert Kiyosaki. The op-ed says that some of these individuals are “Weimarists,” insisting that they have been predicting Weimar Republic-like inflation in the United States. Krugman insists that the U.S. dollar’s dominance is not really at risk, and the “dollar’s role looks pretty secure.”

“The dollar has three big advantages,” the Nobel laureate said. “One is incumbency: Since everyone is already using dollars, it would take exceptional circumstances to get them to switch. A second is that U.S. financial markets are open: Unlike China, we don’t impose controls on people trying to move money into or out of the country. The third is the rule of law,” Krugman added.

Concluding his “subscriber-only newsletter,” Krugman says there’s “one major caveat.” He believes there’s a possibility that the U.S. could default on debt because the Republican-controlled House refuses to raise the debt ceiling. In terms of the political spectrum, Krugman is a left-leaning Democrat and is rated “most liberal” by allsides.com. “Who will trust the currency of a nation that appears to have politically lost its mind?” Krugman asks in his NYT op-ed. “If that happens, the threat to the dollar’s reserve-currency status will be the least of our problems.”

What do you think the future holds for the U.S. dollar as the world’s dominant reserve currency, and how might the trend of de-dollarization impact the global economy? Share your thoughts about this subject in the comments section below.

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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