I’m leaving the US and one of the first things I did was convert all my USD to local currency. I’m doing my best to actively extract from the US and bring it elsewhere, to hell with my home country
More people dumping usd means lower demand for it, potentially lowers it’s value. I know it’s more complicated than that and my contribution is basically pennies but I’m hoping it helps a bit
I’m leaving the US and one of the first things I did was convert all my USD to local currency. I’m doing my best to actively extract from the US and bring it elsewhere, to hell with my home country
Power to you
I’m confused as to why you think converting your money was a notable act? What was the alternative?
They decoupled, they don’t have to follow US news and for each bad news hurt both psychologically and financially.
More people dumping usd means lower demand for it, potentially lowers it’s value. I know it’s more complicated than that and my contribution is basically pennies but I’m hoping it helps a bit
That’s… not how currency markets works. At all. Tell me, what do you think happened to the dollars?
You essentially exported them. More US dollars are now in international use than before.
As you said, not a significant amount in any way, but just bizarre to celebrate contributing almost nothing to the wrong outcome.
https://en.wikipedia.org/wiki/Supply_and_demand
Do you want them to hold onto it forever, never use it or burn them? (Which will lower inflation for usd based economies anyway)