Chairman Mao died when I was 6. I've lived with "trajectory" rhetoric my whole life. Apologise if I sound harsh but watching the youthful west engulfed by the same psychology is frustrating to me.
Discussion
I guess I'm not understanding where you're coming from. Text isnt the best medium for exchanging ideas but are you saying that de-dollarization shouldn't matter to those that are dependent on the dollar?
I think the de-dollarisation idea has become a genre of online entertainment. I'm sure that at some point in time we will move away from that dollar system, ideally bitcoin, but much of the supposed headlines and trajectory claims being thrown around in the last few years are nothing more than psyops, imo. In particular this recent Saudi news may well be just another passing fad news, with the reality being that it is somewhat true but being blown out of proportion to "prove" the end of the west narrative. The "why is nobody talking about this?" type framing of a supposed story, to me, appears out of the online business model of catering to a particular demographic of followers online. It's engagement farming/click bait and depending on demographic could be anything from climate, migration, religious, finance or geopolitical etc related, depending on what genre we are drawn to online.
I agree wholeheartedly with you that text is not ideal, certainly for me I struggle.
TLDR.....My issue with that Saudi story is that I personally think it's not worth giving too much credence to as it doesn't represent another nail in the US dollar coffin.
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gotcha. I feel similarly. I do think it's another nail in the US dollar coffin, but other currencies are so much more broken that I don't think it will make an impact any time soon... hence trajectory. 🤷♂️
All currencies are falling in value, but USD is still falling slower than everyone else. For those creators of goods and services, they won't notice because the currency isn't as important as the value they create. They'll exchange for whatever currency makes sense.
The ones that suffer are the ones that are locked into wages. Inflation will continue. Things will get more expensive. Those that can't adjust their wages, will get hurt.
Doesnt mean the end of western civilization, though. I agree.