The $USD's long reign as world reserve currency is coming to an end, thanks to the Fed's monetary malpractice, the weaponization of the dollar & endless sanctions, the fiscal profligacy of the uniparty, & the USA's collapse trajectory. Got gold? Got silver?
https://www.wired.com/story/the-dollar-is-facing-an-end-to-its-dominance/
by Key_Brief_8138
10 comments
If that is correct then it will take many, many more years in my opinion. The decline that set in around 2023 has certainly accelerated this year but the USD is still pivotal for the world economy despite the current US political turmoil in particular.
Enjoy: [https://archive.ph/Au14h](https://archive.ph/Au14h)
The beginning of this decline dates back to the 2008 crisis.
China then understood that it needed to gradually disengage from the US dollar, which it has been doing diligently in favor of gold ever since.
Russia is also following this path, but for different reasons.
The 2022 war in Ukraine, with the large-scale weaponization of the US dollar, accelerated this inevitable trend.
Trump’s tariff war was ultimately the final warning shot.
This is all just crazy clickbait. Obviously the dollar is not what it once was but WHERE ELSE ARE YOU GOING TO PUT YOUR WEALTH?!?!?! Nobody is investing in the long term economic health of China. The only reason the Yuan is so popular now is that China is giving tons of loans to third world African countries so they can buy all the excess Chinese goods so their economy doesn’t completely collapse (forget about the long term outlook on loaning money for people to buy your goods, especially to countries that already struggle to pay back loans). The Euro would be the only other competitive currency but they are having their own issues that will keep it from surpassing the dollar. As the world’s biggest market and the largest economy . . . nobody is going to make India or Japan or Australia or China the new currency safe haven for the world. It’s just not going to happen.
Checking the author and the sources of each article is key to understand it’s reasoning or interest..*..*[*Keyu Jin*](https://www.wired.com/author/keyu-jin/) *is a professor of finance at the Hong Kong University of Science and Technology*
Here is an interview which I found interesting: [https://www.youtube.com/watch?v=U1mZOs5rp18](https://www.youtube.com/watch?v=U1mZOs5rp18)
Every month we get one of these articles and then what?
It’s all due to Republicans, and not once are they mentioned.
That WAS The Trade. Go Long Dollars now
‘Got gold? Got silver?’
Uh, got BRICS?
having a 🤡 in the offal office surely helps to bolster this narrative. During the Vietnam war, our illustrious [leader] (https://imgur.com/zvBnfs3) was nursing severe bone spurs from running after teenage [girls] (https://imgur.com/1TWPZ7y). Now the grifter in [chief] (https://imgur.com/QvgKYta) feels he has enough brain cells to dictate military spending. Folks, humanity is doomed because in the animal kingdom, they appoint the strongest or the smartest. We have done nothing of the sort by putting this idiot in [charge.] (https://imgur.com/c5mjDTk)
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