/biz/ - Business & Finance

What happens to the DXY when people dump their Tether holdings for BTC?
This is an IQ test, not a rhetorical question.

>>57936220
It's just numbers on a screen. Zeroes are easily added.

UUUUUUUUUUUUUUH BASED?
FUCK THE ARABS
FUCK IRAN
FUCK RUSSIA
DRONE STRIKE BROWN PEOPLE WEDDINGS
BOMB BROWN CHILDREN
OVERTHROW BROWN GOVERNMENTS
PUT THE BROWNOID SLAVES IN SWEATSHOPS
GOD BLESS AMERICA!

>>57936422

>>57936422
Ahem.
Death to America
Death to Israel
Curse the Jews
Victory for Islam

It's certainly a good thing for me, holy shit a dollar is worth almost as much as a Euro and just a little less than a pound. And my credit card works over there without having to fuck around with currency exchanges. There's NEVER been a better time to be a burgermerican abroad.

>>57936481
based houthi

>>57936498
The dollar can never be debased, there is simply too much in circulation outside of the US involved in all sorts of different things.
If they decided that tomorrow they would just print USD and pay down all their debt, the dollar would maybe drop by 10-20% - that's the extend of it.
If they decided lambos for everyone, the dollar would still be good, the only monetary downfall the US might face is inflation due to excess of goods, no domestic production and absurdly high service fees.. i guess this part is sort of happening, and if you run this scenario to the end then an exodus would emerge, as the dollar would still be strong abroad. Why live as struggling worker bee in the New America, when you can move abroad and become a bourgeois upper class.

>>57936657
burgereois

>>57936657
Nah, the dollar can absolutely debase. It already has in fact. It's worth far far less than it was even decades ago. What keeps it going is entirely the Bretton Woods system, which is slowly falling apart but has so far continued the practice of pricing oil exports in USD, at least in the west. So Europe, Africa, South America, and western aligned Asian nations all continue to support the USD, and any time there's inflation of USD, they match or exceed it with their own local currencies because if they don't, oil prices spike locally.

In the short term though, a 1.05 euro/usd exchange rate is fucking awesome. 1.3 gbp/usd is also excellent. Don't even get me started on the yen.

But eventually there will be enough crypto liquidity to cover the oil trade and the USD will have its first real serious competition, and it won't be pretty. It's already started with China and Iranian oil. All that oil USD will come home to roost and on paper it'll look great. Stock market all time highs! Government revenues spiking from taxation on the return of all that cash! And then a burger will cost $50 and wages will still be $15/hr.

>>57936809
why do exchange rates matter?

>>57936851
Because 20 years ago a euro cost 2.5 dollars, so everything in Europe was expensive for american tourists. But now when I travel to europe, everything is fairly cheap for me who has dollars.

For yen it's even more obvious. A 15,000 yen anime figure is like 2/3s as expensive as it was a year ago because the yen has collapsed against the dollar.

>>57936888
ngl i thought you were gonna have some crazy forex alpha or something. but we are talking about a rich burger visiting europe and buying boob plastic. fuck im retarded to think it was more than that

>>57936911
>forex alpha