RE: De-dollarization: why it becomes so significant worldwide?
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I mentioned on Leo Threads yesterday that it seems de-dollarization has been accelerating as of late. News of Iran, Iraq, Saudi Arabia, Russia, and more recently Kenya dropping the dollar in favor of other fiat (or crypto) currencies is popping up more frequently. It's also interesting that both CNN and Fox covered this topic over the weekend...
Covid presented an opportunity for a "Great Reset". An insane amount of money was printed during the covid lockdowns to bailout the consumer, followed by a rapid rise in interest rates to combat the inflation. Nations, corporations and individuals that binged on cheap credit over the past decade can't handle the pressure of 5% interest rates.
Whether intentional or not, it would seem more people are waking up to the fact that the US dollar is on its last legs, and could drop precipitously in value in the near future. If the panic spreads, it could lose value much faster than anticipated.
Yeah, a global reset is inevitable as Covid-19 has made it faster than thought, but I think the reset will not create any Dollar supremacy as it is now, the reset will more diverse and there will be nothing like the USD as it is in such a gigantic form.
I don't think such enormous collapse will trigger as Dollar is still the main reserve for the BRICS countries also like China has may be more than 3 trillion as I remember, such a loss will not be there in my concern but slowly the value will decrease as the ultimate result of the global reset.
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