The Dollar has been called the "Cleanest Dirty Shirt in the Laundry" with respect to other Currencies but the BRICS nations are adding countries and gaining strength in their quest to displace the Dollar and replace it with a currency that they can use to trade between themselves. The weaponizaton of the SWIFT system by the US during the Ukraine war may be the straw that breaks the camel's back. Most countries don't like the fact that the Dollar has been weaponized and that they can be cut off from World Trade if they dispease the US Govt. The attached Video expains the history of the Dollar's rise to world hegemony and it's recent fall from grace.
Link: https://www.youtube.com/results?search_query=why+are+central+banks+around+the+world+hoarding+gold
Replies to: "The future of the Dollar as the World Reserve Currency is bleak"
- The future of the Dollar as the World Reserve Currency is bleak [LINK]
- lmcdonald - 11:29am 9/17/22
(13) [View All]
- Another month must have passed. It’s another “the dollar is doomed” post. - LanceHarbor - 1:32pm 9/17/22
- We’ve heard that for 30+ years - Chris94 - 12:02pm 9/17/22
- Watch the video..... you may learn something. [NT] - lmcdonald - 12:37pm 9/17/22
- Dedollarization happened only after 2008 financial crisis. Dedollarization doesn't mean - Eli - 12:20pm 9/17/22
- GOLD...Fiat currencies are fading. I used to be a currency trader. Yen, Swiss Francs, Deutsche Marks [NT] - fredyo - 12:04pm 9/17/22
- That SWIFT decision to exclude the world largest energy exporter from dollar zone is the most - Eli - 11:55am 9/17/22
- Absolutely correct, most countries don't want the US to be able to freeze their dollar assets - lmcdonald - 12:41pm 9/17/22
- Yes, Dollar denominated transactions have decreased Worldwide and this trend increasing rapidly [NT]
- lmcdonald - 12:44pm 9/17/22
- Rapidly! - LanceHarbor - 1:27pm 9/17/22
- Yes, Dollar denominated transactions have decreased Worldwide and this trend increasing rapidly [NT]
- lmcdonald - 12:44pm 9/17/22
- Yep...and Saudi Arabia signing a deal with Russia to eliminate the petrodollar is gonna' bite us. [NT] - fredyo - 12:02pm 9/17/22
- Absolutely correct, most countries don't want the US to be able to freeze their dollar assets - lmcdonald - 12:41pm 9/17/22
- Well China, Russia, India, Venezuela among others want out of the US controlled Petrodollar system. - fredyo - 11:41am 9/17/22
- We don't have any ally among big energy countries after losing Saudi. Our ally Europe is shrinking - Eli - 12:08pm 9/17/22
- Yep and China is run by a military regime that wants to dominate the world. - fredyo - 12:48pm 9/17/22
- We don't have any ally among big energy countries after losing Saudi. Our ally Europe is shrinking - Eli - 12:08pm 9/17/22