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?
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Why is it only now that the United States has unfrozen space exploration programs after 50 years?
2023-04-17 14:36:42
Because there are competitors
China plans to start manned flights to the moon and build a lunar base by 2030
China is a contender for winning the second lunar race (for the creation of the first lunar base and the resumption of manned flights to the moon after more than half a century of break) in case of failure or delay in similar plans of the United States, Russia, EU, Japan, India.
China space program
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What will Putin and Trump talk about at the meeting?
2025-08-07 15:18:34
About the conditions of peace
The United States has signed an agreement with Ukraine on the use of its mineral resources. These territories are already partially under Russian control. Most likely, the United States and Russia have agreed that Russia will cede these territories to the United States in exchange for guarantees of non-aggression. But the question is what to offer Ukraine for the territories currently occupied by Russia, as this effectively means the loss of sovereignty.
Most likely, Ukraine will be offered EU membership, and these are the concessions that Russia will have to make.
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How to speed up dedollarization?
2023-05-08 07:42:30
Trade resources for local currencies, tie prices to gold or rare metals, trade only your own securities on the market, make the currency freely convertible
If Beijing wants to make the yuan the world's reserve currency, then it will have to first go for financial liberalization. In theory, the dollar can also be replaced by a system that is not based on a specific national currency. In this case, gold or cryptocurrencies can become a universal means of payment.
If investors begin to massively get rid of dollar assets and return the American currency to their homeland, this will provoke a surge in inflation in the United States and a potential debt crisis. The problems of the USA will spread to the financial markets, which are still dependent on the dollar, and will cause a new round of the global economic crisis.
Is collapse inevitable? Can the Ukrainian crisis deprive the dollar of its reserve currency status?
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