Economist’s “ News and Views” Tuesday 6-25-2024
30 Countries ditch US dollar: What Next?
Fastepo: 6-25-2024
Nations and regional alliances are increasingly moving away from the US dollar for their trade transactions, a process termed de-dollarization.
This trend seeks to decrease dependence on a single currency, thereby enhancing economic stability by employing a variety of local currencies.
By prioritizing their own currencies, countries aim to mitigate geopolitical risks and bolster their domestic economies.
This ongoing shift is transforming global trade and financial systems, potentially reducing the global dominance of the US dollar.
In this video, we examine the recent trend among various nations to decrease their dependency on the US dollar for international transactions.
We investigate the reasons driving these decisions and offer insights into their economic strategies.
Additionally, we focus on de-dollarization efforts within the BRICS+ bloc, highlighting significant steps these countries have taken to diversify the currencies used in global trade.
LIVE! The U.S. e-CON-omic CON-JOB Is Worsening FASTER! EXPECT A HIGHER STOCK MARKET.
Greg Mannarino: 6-25-2024
ALERT: FDIC Slams Big Banks for MASSIVE Risks
Taylor Kenny: 6-25-2024
The FDIC has raised alarms over major banks' emergency plans, concerns mount over the scale of derivative exposure in the financial sector, and questions emerge about the adequacy of deposit insurance amid banking uncertainties.
With whispers of a potential global financial shake-up, what do the experts know that we don't?