Posted on 08/15/2023 7:38:32 PM PDT by RomanSoldier19
The use of the US dollar as a reserve currency is under threat — and the greenback is headed for a vicious cycle that will further erode its dominance, according to the Australian think tank the Lowy Institute.
That's because the declining use of the dollar could lead to hyperinflation, which would, in turn, lead to higher interest rates as central banks combat high prices. And those rate hikes will weigh on asset prices like stocks, researcher Michael Roach said in a recent op-ed for The Interpreter, a publication run by the think tank.
This outlook is furthered by speculation that BRICS nations could potentially launch a rival currency to the US dollar, backed by gold, Roach said, though such plans have been disputed. Nations like China, Russia, and Saudi Arabia have also started to shift away from use of the dollar in global trade, which could further weaken the dollar's dominance.
(Excerpt) Read more at markets.businessinsider.com ...
When you have a Regime which is forcing foreign leaders out of office for being “aggressively neutral”... WTH ?
And a country like Pakistan just isn’t influential enough to really matter for a conflict in Eastern Europe, but now a major faction in that country has been permanently alienated, when they could be needed in some regional matter where they could really make a difference.
Not to mention that the Kahn playbook looks exactly like what they are doing to Trump.
Yeah, nations rise, nations fall.
... not sayin' ... just sayin'
Those will not be the alternative to the dollar. Indeed, the lack of current currency credibility is what is desired. The currency instability will usher in the one world digital currency where those in power can exert maximum pressure.
All in the name of the great reset and control over your personal finances. look what Trudeau and the banks did to the truckers.
Here, let me fix that sentence..
"None of these are serious rivals YET"
Most humans try to anticipate the future from the present and past. Maybe you're different.
No sensible operation wants their money in anything other than USD.
I'm pretty sure those countries and people who had billions of their reserves "seized" might beg to differ with you -- including the people and countries who are watching it all go down.
That comment was both useless and weak.
Thanks to all bidenistas...
...you fouled up everything.
Well, that too. Who knows...
There is a good case to be made there > IMO.
Will it result in that as soon as they want it to? I don’t
know. 2024 looms large and anything could happen.
I don’t think Trump is in favor of it, but I don’t know for
sure.
Not as weak as that lame ass response, but as long as you
feel better for having made it, I guess it was worth it,
for you.
Am I now supposed to guess what grade you’re in, in middle-
school?
Face it, you carry water for the leftist Democratic Party. You back his stupid war and his lawfare against President Trump.
Let’s face it, you’re lost in space.
I don’t support Biden, and I’ve been here over 25 years not
supporting Leftist causes.
Perhaps you’ve got a better record.
We get presidents like Biden, Obama, Carter, and sooner or
later they are gone.
I personally get tired of watching airheads lament the
United States in past tense.
Things turn around.
Carter begat Reagan. Obama begat Trump. Biden may begat
Trump again.
We’re not done by a long shot.
Buck up.
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