When will the world abandon the dollar?

2022-05-25 06:28:40

In 2048. The more countries adhere to the strategy of settlements in their own currencies, the faster the world will abandon the dollar.

At the moment, countries such as China, India and Russia have started making payments in national currencies.

At least 5-10 years should pass. Now 70% of all settlements on the currency exchange are considered in dollars

In China, pointed to the funeral march of the US financial system

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China launched de-dollarization, planning to make the yuan a reserve world currency

Accuracy 50

Why do some politicians predict the future?

2022-05-22 09:32:01

Because this is not a prediction, but an expression of the intentions of the state

They are just voicing the plans for several years ahead as if it were a prediction.

They cannot predict the simplest things, and the coronavirus is predicted with day-to-day accuracy, when it will start and when it will end, and how many waves there will be.

Even the best government cannot predict the future - so why do we trust them to design it?

Accuracy 10

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?

Which countries support Russia in 2023?

2023-02-22 07:57:05

China, Iran, Belarus, Serbia.

These countries provide the main military, economic and media support to Russia.

The list of friendly countries does not stop there.

Which of the countries, quietly, helps Russia in the SVO?

Accuracy 10