Ya gotta have the currency in order to spend it. If a Nation runs out of USD while they still need NG (or anything else traded in USD) then they're going to have a bad time.

The value of a dollar is about to be beaten into the ground.

Possibly but the U.S. Federal Reserve has the ability to blackhole a LOT of dollars and if the inflows exceed their ability then the price of NG will climb until it balances.

If you doubt me then line up this chart of US NG Exports with this chart of USD DXY. The effect predicted by the strategy isn't visible.

Frankly I'm not sure there's enough NG demand in the world to tank the USD via purchases.

[–] bacon_pdp@lemmy.world 0 points 2 days ago (2 children)

The goal is not to tank the dollar but unload it in a way that is most politically and economically beneficial to the EU.

[–] Buelldozer@lemmy.today 3 points 2 days ago (1 children)

That's a pretty fancy way of saying "We are going to use our money to buy things we need." I mean that's sorta to be expected.

It's also not a comment on "value of the dollar is about to beaten into the ground". There doesn't seem to be a basis to support the theory that purchasing too much NG will cause the US Dollar to decline in value.

The USD will likely decrease in value but it will happen because of Republican stupidity, not due to mass purchases of goods from US companies.

[–] bacon_pdp@lemmy.world -1 points 2 days ago

Completely agree that the purchasing alone would not drive the value of the dollar down but the change in policy reflects a global loss of trust in the dollar.

Being a reserve currency, means most of its value is in the global trust in it being a “stable” store of value.

Trust is quick to destroy and very slow to build. No country unloading their position wants the value to crash but they all are actively starting to unwind their dollar positions.