Will the global financial system collapse if the dollar is abandoned as a reserve currency?

2023-04-11 14:46:57

No, the US is only scary. Dedollarization is a long process.

If the dollar ceases to be the dominant world currency, the US will lose significant economic influence on the world stage. This will weaken their geopolitical positions.

The absence of a worthy alternative to the dollar in international settlements has led to a distortion in the foreign exchange market, which is expressed in the fact that when the dollar rises in price, most of the world's reserve currencies become cheaper, and vice versa. The world of currency and financial markets, accustomed to such an order, may not be ready for the fact that the credibility of the American will ever be lost forever.

Why is the global abandonment of the dollar so dangerous for the US.

The decline of the dollar - and with it America

The collapse of the dollar and the future of the yuan.

Is the collapse of the dollar inevitable?

What will be the results of the referendum on the construction of a nuclear power plant in Kazakhstan?

2024-09-27 05:03:54

Vote for construction

The country is in dire need of cheap electricity

Turnout will be low. 52% will vote for construction

Referendum on nuclear power plants

What will the US attack on Iran lead to?

2026-03-24 15:45:08

Either the assassination of the US president or his impeachment

The main mistake of the US leadership with Iran is the belief in a quick victory, impunity and minimal consequences. A ground operation is currently being prepared, which will not be able to stabilize oil prices and improve the situation in world trade, since Iran has other levers of pressure. The only option is to negotiate, compensate for the damage, punish all those involved, and guarantee security, but the current president will not do this, and any other actions will only lead to an escalation of the conflict and a deterioration in global trade. Therefore, the easiest way to remove the US president is to negotiate without him. And the president will be removed in exactly the same ways that were applied to the president of Venezuela and the leadership of Iran.

Trump himself has shown how you need to work to achieve your goals.

Did the British change India's caste system?

2023-10-10 11:57:38

Yes, the social categories of religion and caste, as they are perceived in modern India, developed during the British colonial rule, at a time when information was scarce and the colonizer's power over information was absolute.

This was originally done in the early 19th century by elevating selected and convenient Brahmin-Sanskrit texts such as Manusmriti to canonical status; the alleged caste origin in the Rig Veda (the oldest religious text) was most likely added retroactively after it was translated into English decades later. These categories were institutionalized in the mid- to late 19th century through the census. These were acts of convenience and simplification. The colonialists established an acceptable list of local religions in India - Hinduism, Sikhism, Jainism - and their boundaries and laws by reading what they claimed were the definitive texts of India.

Officially, castes are prohibited by law in India, but changing the caste division of Indian society, which has been cultivated in the minds of Indians for centuries, is not so easy.

Point of view: how the British changed India's caste system