Search Results for: dollar status

10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

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The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippinen, Singapur,…

Satoshi’s Last Emails: ‘Make It About the Open-Source Project,’ Economist Predicts ‘Catastrophic’ Fall in US Living Standard, FRC Shares Plummet, und mehr – Wochenrückblick

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Another week has passed in the world of crypto and finance, with the anniversary of Bitcoin creator Satoshi Nakamoto’s last known emails, predictions of massive declines in Americans’ standard of living, and important developments at the struggling First Republic Bank. All…

BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist Warns

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Former White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to…

BRICS De-Dollarisierungsschub, China, und Krypto bedrohen die Dominanz des US-Dollars: Analytiker

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Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China…

EZB-Präsidentin Lagarde warnt vor einer „großen Katastrophe“, wenn die USA mit Schulden zahlungsunfähig werden

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There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In einem aktuellen Interview, Christine Lagarde, the president of the European Central Bank (EZB), said she is confident the U.S. kann…

Wirtschaftswissenschaftler und Politikwissenschaftler widerlegen Behauptungen über den Niedergang des US-Dollars trotz Trend der De-Dollarisierungsnachrichten

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Dieses Jahr, In einer Welle von Enthüllungen im Zusammenhang mit dem BRICS-Block gab es eine Flut von Nachrichtenberichten und Leitartikeln, in denen ein angeblicher Entdollarisierungstrend diskutiert wurde. In einem aktuellen Artikel, betonte der amerikanische Politikwissenschaftler und Autor Ian Bremmer…

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

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According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries…

French President Emmanuel Macron States Europe Must Reduce Its Dependence on the US Dollar to Avoid Becoming ‘Vassals’

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Emmanuel Macron, president of France, clarified his position on the future of Europe and its relations with China and the U.S. in the short term. Returning from his visit to Beijing, Macron believes that Europe should avoid getting caught up in…

Dollar to Play Lesser Role Due to Its Weaponization, Digitale Währungen, Economist Jeffrey Sachs Says

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Within the next decade, die USA. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as…

Robert Kiyosaki Says ‘America Is Dying’ — Warns of Hyperinflation, Death of US Dollar

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Rich Dad Poor Dad author Robert Kiyosaki has issued a warning about the potential demise of the U.S. dollar and the looming threat of hyperinflation. He has expressed concern that the USD may lose its value and “become toilet paper.” Weiter,…