View source for IRL:US Dollar

{{DISPLAYTITLE:US Dollar}}
[[File:King dollar.jpeg|thumb|King Dollar]]
The United States dollar, commonly known as the '''USD''' or [[Greenback (Drug)|Greenback]]. Is the [[IRL:Fiat|fiat]] currency that has become the world's global trade currency. Despite its popularity, the USD is also considered the biggest Ponzi scheme in the world in form of Stablecoin which relies on Full Faith and Credit (pronunciation: "Trust Me Bro").

The Social Security system is a prime example of the USD's deceptive nature. Americans work hard every day to pay Social Security (🇹🇭: ค่าต๋ง pronouns: ประกันสังคม, ล้วงกระเป๋า) for those who are too old to work. However, many do not realize that the system is flawed and does not care about the value of human life. People are treated like batteries, and the Social Security system doesn't care how replaceable they are.

The USD's global trade dominance also comes at a cost. Even if you are a non-US country trading with another non-US country, you still need to buy USD to trade your commodity over it. This puts other countries at a disadvantage, as they have to use a currency that they do not control, adding unnecessary complexity to the trading process.

Furthermore, the Federal Reserve, the central bank of the United States, has the power to print money out of thin air. This means that they can print more USD, even if the country does not have enough resources to back it up. This creates a situation where the value of the USD becomes increasingly unstable, causing inflation and economic instability.

In conclusion, the USD's position as the world's global trade currency has led to the creation of a ponzi scheme disguised as the Social Security system. It also puts other countries at a disadvantage and allows the Federal Reserve to print money out of thin air, causing economic instability. It is time for the world to rethink its dependence on the USD and seek alternative solutions for global trade.
== Value of Dollar==
'''$100: [[Fun coupons]]'''

Ah, the Benjamin Franklin, or as Jordan Belfort playfully coined it, the "fun coupon". In the world of finance, the $100 bill has taken on a persona beyond its monetary value. For many Americans, it represents at least their day's labor, a unit of exchange in the grand economic seas.

Yet, as we examine the global stage, the juxtaposition is stark. While some in the U.S. earn Benjamins daily, others across the globe would consider that same amount a month's wage – a stark reminder of economic disparities.

Late-stage capitalism, as some argue, has led to a scenario where even those earning "fun coupons" are often scraping by. It raises questions about the true purchasing power of this bill and whether it truly brings joy or just manages to keep the financial ship afloat.

The quote from Mr. Icahn adds another layer to the conversation – the pragmatic view that dollars, beyond their everyday use, become strategic tools in navigating the complex landscape of taxation.

In the end, whether a Franklin represents a day's labor, a month's livelihood, or a means of strategic financial maneuvering, it's a small piece in the larger puzzle of global economics and the evolving nature of currency in the late stages of capitalism. Perhaps, in the words of Belfort, it's not just currency; it's a ticket to the amusement park of economic realities.

=== As Inflation Hedge ===
Holding USD becomes a more attractive option compared to a native currency in several edge cases. Here's how your scenarios play out:

'''Evacuation from a Politically Unstable Country:'''

* Difficulty of Transporting Cash:  Large amounts of cash are bulky, inconvenient, and raise suspicion at borders. Trying to exchange a failing currency for USD might be difficult or impossible.
* Universality of USD: US Dollars are widely accepted globally, especially in times of crisis. They can be easily converted into local currency when you reach a safe haven.
* Hardware Wallet Discreetness:  A hardware wallet storing your stablecoins can be disguised and hidden more easily than a stack of cash.

'''Example:''' Imagine you live in a country experiencing a civil war. You're ordered to evacuate quickly. Taking your laptop with your hardware wallet is far easier and less conspicuous than carrying a backpack full of cash.

'''Crossing Borders with Ease:'''

* Crypto's Borderless Nature:  Unlike traditional currencies, crypto transcends borders. You can carry your hardware wallet containing your stablecoins and access them anywhere with an internet connection.
* Avoiding Currency Conversion Hassles:  Exchanging currencies can involve fees and regulations. Stablecoins, pegged to the USD, eliminate this hassle.

'''Example:''' You're a traveling entrepreneur. You can use your hardware wallet with stablecoins to pay for services or goods around the world, avoiding the need to exchange your home currency every time you cross a border.

'''Other Advantages of USD Over Local Currency:'''

* Inflation Hedge:  In countries with hyperinflation, the USD can act as a hedge against a weakening local currency,  preserving the value of your savings.
* Access to a Stable Financial System:  USD is backed by the relatively stable US economy, offering more confidence than a potentially volatile local currency.

'''However, there are still considerations:'''

* Crypto Regulations:  Crypto regulations vary by country.  Understand the legalities of carrying and using crypto before traveling.
* Hardware Wallet Security:  Always prioritize the security of your hardware wallet to avoid losing access to your funds.

'''Conclusion:'''

While holding your nation's fiat currency is generally convenient,  USD or stablecoins offer clear advantages in times of political or economic instability,  especially for international mobility.  Just remember  to weigh the benefits against the risks involved in managing your own cryptocurrency custody.

== Strengths ==

Refer to [[IRL:DXY]] for Dollar Currency Strength Index
=== NFP ===
[[File:Nonfarm.jpg|thumb|Your place after you traded Nonfarm Payrolls and blew the account]]
The nonfarm payrolls (NFP) report is a key economic indicator that provides insight into the state of the labor market in the United States. The report is released by the Bureau of Labor Statistics on the first Friday of each month and provides data on the number of jobs added or lost in the nonfarm sector of the economy. This information is critical for economists, investors, and policymakers who use it to make informed decisions about the state of the economy and the health of the labor market.

One of the challenges of trading forex during the time when Donald Trump was president was the unpredictability of his policies and statements. Trump was known for making sudden announcements on Twitter and other platforms, which often had a major impact on the financial markets. This unpredictability created a great deal of uncertainty in the forex market, making it difficult for traders to make informed decisions.

In addition, Trump's protectionist policies and trade tensions with China and other countries also created uncertainty in the markets. This led to increased volatility and made it difficult for traders to anticipate market movements.

Despite these challenges, many traders were still able to profit from the forex market during the Trump presidency. However, it required a great deal of skill, discipline, and risk management to navigate the market in this uncertain environment.

In conclusion, the nonfarm payrolls report is a critical indicator of the health of the labor market and the economy, and it is closely watched by economists, investors, and policymakers. The unpredictability of the Trump presidency made it difficult for traders to trade forex, but with discipline, skill, and risk management, it was still possible to profit from the market.
=== Petrodollar ===
[[File:USD Smoothie.jpg|thumb|USD Smoothie ]]
The petrodollar system, which was created in the 1970s, has established the US dollar as the world's primary reserve currency for decades. However, with the growing instability of the global economic system, many are now questioning whether it's time for a change. If the petrodollar system is abolished, which global currency could become the next global trade currency?

One of the most popular theories is the Chinese yuan. China is the world's second-largest economy, and its currency has been gaining popularity in international trade in recent years. Additionally, China has been taking steps to promote the yuan as a global currency, such as setting up currency [[Sarkhan:One Belt One Road|swap agreements]] with other countries and establishing the Shanghai International Energy Exchange.

Another potential candidate is the Euro. The Euro is currently the second most held reserve currency in the world, after the US dollar. It is also used as a trading currency in many parts of the world. However, the Eurozone's recent economic troubles and instability have raised concerns about its long-term viability as a global trade currency.

Some also speculate that a new digital currency could take over as the global trade currency. Cryptocurrencies like [[Bitcoin]] and [[Ethereum]] have been gaining popularity in recent years, and their decentralized nature could make them an attractive option for international trade. However, the volatility and lack of regulation surrounding cryptocurrencies could also make them a risky choice.

ChatGPT Said it's hard to predict which currency could become the next global trade currency if the petrodollar system is abolished. But for sure It will likely depend on factors such as the economic stability of the country, the strength of its financial system, and its ability to gain the trust of the international community. Nonetheless, as the world becomes more interconnected and the global economic system becomes more complex, the debate around the next global trade currency is sure to continue.
=== [[IRL:US Resident & Social Security|Social Security]] ===
[[File:W3fy2lbacrwy.jpg|thumb|The boots of the tyrant is there to Keep the workers working]]The Great American Ponzi Scheme: Social Security is what keeps the workers in the game.

In an unexpected turn of events, an exclusive investigation has uncovered the true nature of the US Social Security system: the largest legal Ponzi scheme in existence. For years, hardworking Americans have been funneling their hard-earned dollars into this deceptive operation, which masquerades as a safety net for the elderly. The truth, however, is far more sinister.

At its core, the Social Security system is designed to exploit the labor of countless unsuspecting citizens, who toil away daily under the illusion of financial security in their golden years. These diligent workers are treated like disposable batteries, with the system constantly draining their energy and resources to prop up its unsustainable facade.

The architects of this elaborate ruse have built a precarious house of cards, fueled by the labor and contributions of unwitting participants. As the younger generations pour their money into the system, older beneficiaries collect their checks, blissfully unaware that they are part of a financial fiasco waiting to implode.

But what happens when the battery runs dry? What if the influx of funds isn't enough to keep the Ponzi scheme afloat? The consequences could be disastrous, leaving millions of Americans high and dry in their time of need. Our investigation has uncovered that the Social Security system is not only deceptive but also indifferent to the value of human life.

Perhaps the most shocking revelation is that the Social Security system is, in fact, a prime example of the USD's deceptive nature. While the US dollar is touted as a symbol of stability and prosperity, it is intrinsically linked to a scheme that treats people like replaceable commodities.

So, what can be done to dismantle this nefarious financial web? Awareness is the first step. By exposing the truth about the Social Security system, we can begin to question its validity and demand a more just and sustainable alternative.

In conclusion, the so-called "safety net" of Social Security is nothing more than an elaborate and morally bankrupt Ponzi scheme, designed to exploit hardworking Americans for the benefit of a few. It is time to pull back the curtain on this financial farce and demand a system that truly values and protects its citizens.

== Weaknesses ==
[[File:USD Value.jpg|thumb|The value of US Dollar was decreased ever since.]]
The U.S. economy, despite its strength and resilience, is not immune to weaknesses and vulnerabilities. Two significant areas of concern are oil imports and budget deficits, which can impact the economy's stability and growth. Let's delve into each of these weaknesses in detail:

=== [[IRL:WTI|Oil]] Imports ===
<small>Energy Dependence and Geopolitical Risks</small>

'''Overview''': The United States is a major consumer of oil, and its dependence on oil imports exposes it to several vulnerabilities.

'''Challenges''':

* '''Economic Impact''': High levels of oil imports can strain the trade balance, as the U.S. needs to pay for the imported oil. This can lead to trade deficits and impact the overall balance of payments.
* '''Energy Security''': Relying on oil imports makes the U.S. vulnerable to supply disruptions caused by geopolitical tensions, conflicts, or other unforeseen events in oil-producing countries.
* '''Price Volatility''': Oil prices are subject to global supply-demand dynamics and geopolitical factors. Sharp fluctuations in oil prices can lead to uncertainty in the U.S. economy and impact consumer spending, especially on goods and services that rely heavily on transportation.
* '''Environmental Concerns''': A heavy reliance on oil imports perpetuates the use of fossil fuels and contributes to environmental issues such as air pollution and climate change. This can also create regulatory risks as governments worldwide adopt more stringent environmental policies.

'''Mitigation Strategies''':

* '''Diversification''': Investing in alternative and renewable energy sources can reduce reliance on oil imports and enhance energy security.
* '''Technological Innovation''': Developing advanced technologies for energy extraction, storage, and usage can lead to greater energy efficiency and a transition away from fossil fuels.
* '''Diplomatic Engagement''': Engaging with oil-producing nations and promoting stable geopolitical environments can help mitigate supply disruptions.

=== Budget Deficits ===
<small>Fiscal Imbalance and Debt Accumulation</small>

Main Article: [[U.S. Government Debt]]

'''Overview''': Budget deficits occur when a government's expenditures exceed its revenues in a given fiscal year. Persistent budget deficits can lead to increased government debt levels.

'''Challenges''':

* '''Debt Accumulation''': Consistently running budget deficits leads to government borrowing, which can result in a growing national debt. As the debt accumulates, the interest payments on the debt increase, diverting funds from other essential government programs.
* '''Crowding Out Private Investment''': When the government competes for borrowing, it can lead to higher interest rates. This can reduce private sector investment as borrowing becomes more expensive, potentially slowing economic growth.
* '''Economic Vulnerability''': A high level of national debt can make the economy vulnerable to changes in interest rates or changes in global economic conditions. If investor confidence wavers, it can result in higher borrowing costs and negatively impact the economy.
* '''Reduced Fiscal Flexibility''': Large budget deficits limit the government's ability to respond effectively to economic downturns or emergencies, as there might be limited room for discretionary spending.

'''Mitigation Strategies''':

* '''Fiscal Responsibility''': Implementing policies that prioritize responsible fiscal management, including controlling government spending and reforming entitlement programs, can help reduce budget deficits.
* '''Economic Growth''': Promoting sustainable economic growth can increase government revenues and reduce the deficit as a percentage of GDP.
* '''Structural Reforms''': Addressing long-term structural issues in entitlement programs and finding ways to increase government efficiency can help manage spending.

=== Other Weaknesses ===
Absolutely, the U.S. economy, like any complex system, has a range of weaknesses and vulnerabilities beyond just oil imports and budget deficits. Here are a few more noteworthy ones:

# '''Income Inequality and Wealth Disparity''':<br>The United States faces significant income inequality and wealth disparity. The gap between the wealthy and the rest of the population has widened over the years, leading to social tensions and reduced social mobility. This can result in decreased economic stability and hinder long-term economic growth.
# '''Healthcare System Challenges''':<br>The U.S. healthcare system is known for its high costs, lack of universal coverage, and complexities. The absence of comprehensive healthcare coverage can lead to financial stress for individuals and impact their overall well-being. It can also contribute to reduced labor force participation and productivity.
# '''Infrastructure Deficits''':<br>Aging infrastructure in the U.S., including roads, bridges, public transit, and utilities, poses a risk to economic growth and public safety. Insufficient investment in infrastructure can lead to reduced efficiency, increased costs, and hindered economic development.
# '''Education Disparities''':<br>While the U.S. has world-renowned universities and educational institutions, disparities in access to quality education are a concern. Educational attainment varies significantly across income levels and demographics, leading to an unevenly skilled workforce and potentially hindering economic innovation and growth.
# '''Environmental Challenges''':<br>Environmental concerns such as air and water pollution, climate change, and natural resource depletion can have significant economic implications. The costs of mitigating environmental damage and adapting to changing climate conditions can strain public resources and affect industries reliant on natural resources.
# '''Trade Dependency and Supply Chain Vulnerabilities''':<br>The U.S. relies on global supply chains for various goods and services. Disruptions in international trade, geopolitical tensions, and other factors can disrupt supply chains and impact industries, leading to economic instability and higher costs.
# '''Aging Population and Retirement Funding''':<br>The aging U.S. population presents challenges for funding social security and healthcare programs. As the proportion of retirees increases, funding these programs becomes more challenging, potentially putting pressure on government budgets and leading to increased taxation or reduced public services.
# '''Technological Transition and Job Displacement''':<br>Advances in technology, such as automation and artificial intelligence, can lead to job displacement and changes in the nature of work. While these advancements offer efficiency gains, they can also lead to skills gaps and economic inequality if not managed effectively.
# '''Geopolitical Risks''':<br>As a global economic leader, the U.S. is exposed to geopolitical risks and international conflicts that can impact trade, investment, and economic stability. Tensions with major trading partners or regions can disrupt economic relationships and lead to uncertainty.
# '''Public Debt Sustainability''':<br>While budget deficits contribute to public debt, the overall sustainability of the debt is a concern. High levels of public debt relative to GDP can create fiscal pressures and limit the government's ability to respond to economic shocks or emergencies.

It's important to note that these weaknesses are not insurmountable challenges, and many of them can be addressed through proactive policies, investments, and reforms. Recognizing these vulnerabilities and working towards their mitigation is essential for maintaining the U.S. economy's long-term health and resilience.
[[Category:Currencies]]{{#subtitle:"Trust Me Bro"}}