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?

Why did Nokia lose the mobile device market?

2023-03-22 08:36:54

It was destroyed by CEO Stephen Elop, who came from Microsoft. Instead of developing his own operating system, he insisted on purchasing the Windows Phone operating system.

Nokia's weak point was software, but new platforms were supposed to fix this shortcoming. But starting in late 2010, the company's CEO began to slowly and steadily push Nokia in the other direction, towards abandoning its developments. All divisions of RnD and all the developments of the company were destroyed so that the company could no longer return to the right path.

As a result, Microsoft bought Nokia's mobile business.

Killing Nokia. Candid Confession of a Former Company President, Part Three

Killing Nokia. Candid Confession of a Former Company President, continued

Killing Nokia. Frank confession of the former president of the company

What will be the consequences of the war?

2024-06-19 07:49:13

Europe will be left without resources. The collapse of the EU. The loss of U.S. influence. The Beginning of China's Growth

After the collapse of the USSR, Europe gained access to Russian resources for a song, actually selling goods made from Russian resources to Russia. Now, if Russia wins, relations with Europe will deteriorate, it will not receive resources, and China has already received the Russian market at no cost, European companies themselves left it without a fight. In addition, Europe will have to rebuild Ukraine, because it was Europe and the United States that pushed it to war. Many people in the EU will not like it, and they will start leaving the European Union. Becoming poorer, Europe will buy fewer goods, including American ones. Russia will begin to recover at the expense of the former Soviet republics. China will grow.

If Russia loses, it will be plundered.

What will happen at the BRICS meeting?

2023-06-13 08:15:07

Expansion and increase in the share of the NDB

The BRICS Bank intends to finance more projects in national currencies to strengthen the local market and protect borrowers from the risk of currency fluctuations. Currently, the share of relevant projects in national currency in the bank's total project portfolio is about 22%, the NBR president said, adding that the bank intends to increase this figure to 30%. Currently, five BRICS countries are members of the EBRD, as well as Bangladesh, the United Arab Emirates and Egypt. Uruguay is already in the process of joining.

The BRICS summit will be followed by a powerful geopolitical shock wave for which the world will not be ready. The Western world will not be ready.

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Experts say that the upcoming BRICS summit will destroy the picture of the world familiar to the West

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BRICS seizes chance to challenge US: expansion and single currency on agenda

The big escape from the dollar to the East