Hey Guys,
There has been a great deal of talk about whether the US dollar could soon lose its global reserve status. There have been a number of countries that have made moves to limit their dependence on the dollar as they turn to other currencies as mediums of international exchange.
Indeed, the recent weaponisation of the dollar against countries such as Russia have demonstrated the risk of relying on the dollar.
So, could the dollar lose its reserve status? Could we see a “BRICS” currency emerge to challenge its dominance?
That's what I am going to take you through in my video today. I will explain exactly why the US dollar is the world's reserve currency and how it came to be like that. I will also analyse whether the current alternatives have the characteristics to be a new reserve currency and, if so, how long it could take.
There is a lot more to this discussion that meets the eye. So, this is a video that you can't afford to miss!
~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
► The Dollar Rules the Financial Universe. China Can’t Change That: https://www.barrons.com/articles/doll…
► China's Economy Set to Overtake U.S. Earlier Due to Covid Fallout: https://www.bloomberg.com/news/articl…
► Russia talks up prospects of BRICS countries developing new currency: https://cointelegraph.com/news/russia…
► Here's why China won't overtake the US as the largest economy anytime soont: https://markets.businessinsider.com/n…
► Saudi Arabia Strengthens Relations With China: https://www.wsj.com/articles/saudi-ar…
► Military Spending by Country: https://worldpopulationreview.com/cou…
► The dollar’s international dominance is a problem: https://www.latimes.com/business/stor…
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
