this post was submitted on 20 May 2026
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[–] nondescripthandle@lemmy.dbzer0.com 214 points 2 months ago* (last edited 2 months ago) (2 children)

Thanks to everyone refusing to spend money in or toward my country right now, you're literally keeping money away from an organization trying to terrorize and imprison us or worse.

Screwing over FIFA is a nice cherry on top too.

[–] ArmoredThirteen@lemmy.zip 31 points 2 months ago (2 children)

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

[–] TheOctonaut@piefed.zip 7 points 2 months ago (2 children)

I'm confused as to why you think converting your money was a notable act? What was the alternative?

[–] ArmoredThirteen@lemmy.zip 16 points 2 months ago (1 children)

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

[–] TheOctonaut@piefed.zip 1 points 2 months ago (2 children)

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.

[–] VAK@lemmy.world 4 points 2 months ago (1 children)

Do you want them to hold onto it forever, never use it or burn them? (Which will lower inflation for usd based economies anyway)

[–] TheOctonaut@piefed.zip 1 points 2 months ago (1 children)

No? But... Just not think that they're doing anything particularly notable? Keeping their money in dollars wasn't an option anyway.

[–] VAK@lemmy.world 1 points 2 months ago (1 children)

And so it's not contributing to the wrong outcome, right?

[–] TheOctonaut@piefed.zip 2 points 2 months ago* (last edited 2 months ago)

They're saying (bizarrely, as if moving abroad but keeping their currency in dollars was a realistic option anyway) that it somehow contributes to reducing the influence of the dollar worldwide.

It doesn't. It means someone bought US dollars using a different currency (more of an exchange, but the initiating party is essentially buying) and now someone has US dollars that they need to spend. Either by buying products direct from the USA, or by they themselves selling US dollars to someone else, circulating it, until eventually it is repatriated (or destroyed, physically or in value, I guess).

The way you reduce a currency's influence is by making it unstable or devaluing it, basically anything that stops people wanting to buy it or accept it as stored value.

[–] ayyy@sh.itjust.works 2 points 2 months ago (1 children)
[–] TheOctonaut@piefed.zip 1 points 2 months ago

Do you to to explain how supply and demand has anything to do with decreasing the use of US dollars as an international trading standard?

[–] utopiah@lemmy.world 2 points 2 months ago (1 children)

They decoupled, they don't have to follow US news and for each bad news hurt both psychologically and financially.

[–] TheOctonaut@piefed.zip 1 points 2 months ago (1 children)

... yes? That's what emigration is

[–] utopiah@lemmy.world 1 points 2 months ago (1 children)

Why would they keep their USD if they don't spend it anymore and they clearly do not believe the country is going down a good path?

[–] TheOctonaut@piefed.zip 1 points 2 months ago (1 children)

That's exactly what I'm saying?

[–] utopiah@lemmy.world 1 points 2 months ago

Ah my bad, thought you were questioning their decision to do so whereas you're actually saying it's perfectly normal, right?

I guess they meant to highlight that they are "all in" and not looking back.

[–] Malyca@lemmy.zip 1 points 2 months ago
[–] Tollana1234567@lemmy.today 6 points 2 months ago

also fifa and thier president is corrupt as hell anyways.