#usdollar

[unpluggedfinancial]

The Future of Bitcoin in the Global Economy: Ending the Dollar’s Reign

Bitcoin, the pioneering cryptocurrency, is gaining traction as a powerful force in the global economy. As the US dollar continues to dominate as the global reserve currency, it's worth exploring how Bitcoin could disrupt this dynamic and potentially lead to a more equitable economic landscape. In this blog post, we will examine the profound impact of the US dollar's hegemony and how Bitcoin could usher in a new era of global financial fairness.

The Hegemony of the US Dollar

Since World War II, the US dollar has held the prestigious position of being the world's reserve currency. This status has allowed the United States to enjoy significant economic advantages, including the ability to print money at will and run large deficits without immediate consequences. The "dollar milkshake theory" suggests that as global economies struggle, they need more dollars, which strengthens the US economy at the expense of others. This dynamic has allowed the US to skim off the top of the productive world, reaping benefits while other nations bear the costs.

The Global Cost of Dollar Dominance

The dominance of the US dollar has led to widespread economic challenges for many countries. As nations rely on the dollar for international trade and reserves, they become vulnerable to currency devaluation and economic instability. The ability of the US to print money devalues the savings and earnings of people worldwide, effectively destroying wealth across the globe. Examples of this can be seen in countries facing hyperinflation, such as Venezuela and Zimbabwe, where reliance on the dollar has exacerbated economic hardships.

Bitcoin as a Global Currency and Truth in Pricing

Enter Bitcoin, a decentralized digital currency with a fixed supply of 21 million coins. Unlike fiat currencies, Bitcoin cannot be printed or manipulated by any single entity. This feature makes it an attractive alternative to the US dollar, providing a more stable and transparent monetary system. Bitcoin's decentralized nature ensures that no single country or organization can control its value, making it a potential tool for achieving global economic balance. Importantly, Bitcoin represents truth in pricing. While anything denominated in US dollars can be deceptive due to inflation and monetary policy manipulation, Bitcoin provides a clear, unaltered measure of value.

The Impact of Bitcoin Adoption

If Bitcoin were to be widely adopted, it could shift the global economic power structure. Countries currently disadvantaged by the dollar system could benefit from a more stable and equitable currency. Bitcoin's transparency and fixed supply could reduce the likelihood of economic manipulation and provide a more predictable environment for international trade. This shift could lead to more equitable wealth distribution and true pricing of goods and services, as countries no longer have to bear the brunt of the US's economic policies.

Challenges and Considerations

Transitioning to Bitcoin as a global currency is not without challenges. Regulatory issues, technological barriers, and the need for international cooperation are significant hurdles. Additionally, infrastructure development is crucial to support widespread Bitcoin adoption. However, these challenges are not insurmountable, and with concerted effort, the global community can pave the way for a more stable and fair economic system.

Conclusion

The potential of Bitcoin to disrupt the current economic order is profound. By providing an alternative to the US dollar, Bitcoin could lead to a more equitable and stable global economy. Its nature as a truthful measure of value further enhances its appeal as a transformative force in the financial world. As we explore this possibility, it is essential to stay informed about Bitcoin and consider its implications for our financial future.

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[rethinking-the-dollar]

Saudi Arabia's Bold Move: Is the US Dollar Being DETHRONED?

The 50-year Petrodollar deal between Saudi Arabia and the US is ending in June 2024, potentially diminishing the US dollar's global dominance and impacting the world economy. Saudi Arabia's strategic shift towards trading oil in other currencies, like the Chinese yuan, and its involvement in the CBDC initiative Project mBridge reflect significant changes in global economic dynamics.

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[goldinvest]

Das stille Gold der EZB! Abschied vom US-Dollar?

[trader-sg112]

Comprehensive Market Analysis of Major Indices and Assets

Explore a detailed market analysis featuring Dow Jones, S&P 500, Nasdaq 100, Bitcoin, Ethereum, Apple, Tesla, Gold, Crude Oil, Natural Gas, EUR/USD, and the US Dollar. Understand the moving averages and indicators, with summaries revealing strong buy or sell trends for informed trading decisions. Stay ahead in the market with this in-depth overview of key assets and their performance indicators.

[aktionfsa-blog-blog]

Keine gute Weltordnung

80 Jahre Bretton Woods

Nachdem wir vor einigen Tagen schon die Ökonomie und die Scheuklappen des Kapitalismus betrachtet hatten (EU verschläft die Energiewende), wollen wir heute erinnern an das Abkommen von Bretton Woods vor 80 Jahren.

730 Delegierte aus 44 Ländern waren in New Hampshire zusammengekommen, um das Abkommen zu unterzeichnen, weniger um es auszuhandeln. Die Folge davon waren im Globalen Norden durchaus relative Verbesserungen der Lebensbedingungen, aber der Süden musste unter den Folgen (weiter) leiden. Der verlinkte Artikel stellt fest:

Für etwa 750 Millionen Menschen , die zu dieser Zeit der Verhandlungen noch unter dem Joch der europäischen Fremdherrschaft lebten stützte die Bretton Woods-Institutionen dieses System.

Bretton Woods bedeutete die Institutionalisierung des US-amerikanischen Herrschaftsanspruchs.

Bretton Woods war die Basis für strukturell bedingte Krisen, die ab den 1970ern fast den gesamten südamerikanischen Kontinent in eine tiefe Rezession stürzten

Mehr dazu bei https://makronom.de/bretton-woods-kolonialismus-us-hegemonie-und-krisen-sind-keine-gute-weltordnung-47069

Kategorie[21]: Unsere Themen in der Presse Short-Link dieser Seite: a-fsa.de/d/3BN Link zu dieser Seite: https://www.aktion-freiheitstattangst.org/de/articles/8847-20240722-keine-gute-weltordnung.html

[farademetre]

InvestTalk - 4-14-2023 – Is the Threat of De-dollarization Real?

The US dollar functions as a worldwide unit of account and the default currency in international trade due to its status as the reserve currency of the globe.

[head-post]

Saudi Arabia ends petrodollar deal with US for multi-currency sales

The 50-year petrodollar deal between Saudi Arabia and the US expired with Saudi Arabia deciding not to renew the agreement.

The decision made by Saudi Arabia marks a significant departure from the long-standing financial agreement between the two countries, which dates back to 1974. That was a period marked by the effects of the Arab oil embargo and a marked spike in global oil prices. The agreement was aimed at creating a stabilised world oil market and ensuring a steady flow of oil from Saudi Arabia to the US. In return, Washington agreed to help Saudi Arabia with military strength and economic co-operation.

Saudi Arabia’s 50-year-old petrodollar agreement with the United States has expired, with no new agreement in place, BRICS News tweeted.

The decision puts a strain on trade relations between Riyadh and Washington. Historically, the petrodollar deal has provided stability and economic benefits to both countries, but Saudi Arabia’s move signals a shift away from dependence on the US dollar.

Furthermore, Saudi Arabia’s decision comes across as a significant step towards a global de-dollarisation programme. The country now has the ability to conduct sales of its largest asset in multiple currencies. By choosing to trade oil in multiple currencies, including the yuan, euro, yen and renminbi, Saudi Arabia diversifies its foreign exchange reserves and reduces its dependence on the US dollar.

The adoption of a multipolar monetary system is in line with broader global trends by alliances such as BRICS (Brazil, Russia, India, China, South Africa) and ASEAN (Association of Southeast Asian Nations).

Saudi Arabia has recently been actively exploring the use of digital currencies. The country recently joined the mBridge project, an initiative led by the Bank for International Settlements (BIS), which is exploring a multi-central bank digital currency platform.

In addition, the expiration of the petrodollar agreement between Saudi Arabia and the US will have major implications for the global economy, as Saudi Arabia’s subsequent financial manoeuvres will open the door to a paradigm shift. The US has long benefited from the dollar’s status as the world’s dominant currency. The currency’s position has provided the US with significant economic advantages.

Read more HERE

[lwcmanagment]

Bank of Japan: Intervention nach abruptem Währungsabsturz und mögliche Auswirkungen auf den globalen Devisenmarkt

In einer Welt, in der die Finanzmärkte oft von unvorhersehbaren Ereignissen geprägt sind, scheint sich eine neue Geschichte zu entfalten, die selbst die kühnsten Vorstellungen übertrifft. Neue Beweise legen nahe, dass die Bank of Japan (BOJ) am Montag eingegriffen hat, als der japanische Yen plötzlich abgestürzt ist.

Am Sonntagabend, um 21:30 Uhr Eastern Time, erlebte der japanische Yen einen dramatischen Rückgang und schwächte sich zum ersten Mal seit 1990 auf 160 gegenüber dem US-Dollar ab. Doch was noch bemerkenswerter ist, ist die Tatsache, dass genau 2,5 Stunden nach den ersten Meldungen der Kurs von 160,20 auf 156,50 einbrach.

Heute, nachdem der Staub sich etwas gelegt hat, gibt die BOJ bekannt, dass ihr laufendes Konto einen Rückgang von 7,56 BILLIONEN Yen oder 48,2 Milliarden US-Dollar verzeichnen wird – mehr als das DREIFACHE der bisherigen Erwartungen.

Die Frage drängt sich auf: Hat die BOJ kurz nach dem Zusammenbruch ihrer Währung künstlich interveniert? Einige Marktbeobachter und Analysten hegen den Verdacht, dass hinter den Kulissen ungewöhnliche Maßnahmen ergriffen wurden, um den Yen zu stabilisieren.

Einige Stimmen äußerten Zweifel an der plötzlichen Natur des Zusammenbruchs des Yen-Kurses. Es scheint merkwürdig, dass die Währung nur Minuten nach Erreichen der kritischen Schwelle von 160 so stark abgestürzt ist. Dies weckt Spekulationen über mögliche Interventionen seitens der BOJ oder anderer involvierter Parteien.

Die jüngsten Daten deuten darauf hin, dass die BOJ tatsächlich am Montag intervenierte. In einer Erklärung am Dienstag gab die BOJ bekannt, dass der unerwartet hohe Rückgang des laufenden Kontos auf "fiskalische Faktoren, einschließlich der Ausgabe von Staatsanleihen und Steuerzahlungen am Mittwoch", zurückzuführen sei.

Die Höhe dieses Rückgangs, der mit mehr als dem Dreifachen der vorherigen Schätzungen übereinstimmt, wirft jedoch weitere Fragen auf. Es wird spekuliert, dass die BOJ wahrscheinlich zum ersten Mal seit 2022 mit einem beträchtlichen Betrag von 5,5 BILLIONEN Yen interveniert hat. Diese Maßnahme signalisiert nicht nur eine erhöhte Besorgnis seitens der japanischen Behörden über die Stabilität ihrer Währung, sondern könnte auch die Glaubwürdigkeit zukünftiger Interventionen beeinträchtigen, da das Vertrauen in die Maßnahmen der Zentralbank abnimmt.

Doch welche Auswirkungen könnte diese Entwicklung auf den globalen Devisenmarkt haben, insbesondere auf den Euro und den US-Dollar?

Ein plötzlicher Absturz des japanischen Yen könnte dazu führen, dass Anleger ihr Vertrauen in die Währung verlieren und ihre Vermögenswerte in andere Währungen verlagern, darunter auch den Euro und den US-Dollar. Dies könnte zu einer Aufwertung des Euro und des Dollars führen, was wiederum Auswirkungen auf die wirtschaftliche Entwicklung im Euro- und Dollarraum haben könnte.

Eine starke Aufwertung des Euro und des Dollars könnte die Exporte in diesen Regionen verteuern und die Wettbewerbsfähigkeit der exportorientierten Unternehmen beeinträchtigen. Gleichzeitig könnte eine Aufwertung des Euro und des Dollars die Importe verbilligen und die Kaufkraft der Verbraucher erhöhen, was positive Auswirkungen auf das Wirtschaftswachstum haben könnte.

Jedoch könnte eine zu starke Aufwertung des Euro und des Dollars auch negative Auswirkungen haben, wie zum Beispiel eine Verringerung der Wettbewerbsfähigkeit der exportorientierten Unternehmen und eine Verschlechterung der Handelsbilanz. Daher werden die Zentralbanken und Regierungen im Euro- und Dollarraum die Entwicklungen auf dem Devisenmarkt genau beobachten und möglicherweise Maßnahmen ergreifen, um eine übermäßige Aufwertung ihrer Währungen zu verhindern.

Insgesamt bleibt die Situation um den Yen und die möglichen Auswirkungen auf den globalen Devisenmarkt und die wirtschaftliche Entwicklung im Euro- und Dollarraum ein faszinierendes Kapitel in der Geschichte der Finanzmärkte, das die Welt der Wirtschafts- und Finanzanalysten weiterhin in Atem hält.

[gqresearch24]

Emerging Markets Battle Weak Currencies As Dollar Crushes Peers

Emerging economies, particularly in Asia, are struggling with a strengthening US dollar. This has forced central banks to take various measures to protect their currencies.

Central Banks Step Up Intervention

The recent surge in the dollar’s value is putting pressure on emerging market currencies. Several central banks have signaled their readiness to intervene. Malaysia’s central bank stands ready to support the ringgit, while South Korea, Thailand, and Poland are closely monitoring currency volatility. Indonesia has actively intervened by selling dollars, and China has used its yuan fixing mechanism to maintain stability.

This intervention stems from concerns about the Federal Reserve’s monetary policy. Stronger-than-expected US inflation data has dampened hopes of interest rate cuts, which would weaken the dollar. This, in turn, would alleviate pressure on emerging market currencies. Additionally, rising tensions in the Middle East could further increase demand for the dollar as a safe haven asset.

Verbal Intervention and Direct Action

Some central banks are resorting to verbal warnings to influence currency markets. Thailand, for example, is emphasizing its commitment to managing volatility. Similarly, Poland has warned of potential intervention to bolster the zloty. South Korea is also keeping a close eye on the won’s movements.

Other central banks are taking more direct action. Indonesia has intervened by buying rupiah to limit losses. Peru has surprised markets by cutting interest rates while also reportedly selling dollars to support the sol. Notably, Israel also sold dollars to protect the shekel after a recent conflict.

China’s Balancing Act

China faces a unique challenge. Weakening the yuan could encourage capital flight, while propping it up could worsen the economic slowdown. The People’s Bank of China has prioritized stability by keeping the yuan fixing within a tight range. However, continued dollar strength may force them to deploy additional tools.

Investment Opportunities?

While the dollar’s dominance shows no signs of immediate abating, some analysts see this as a potential buying opportunity for beaten-down emerging market currencies. The delay in expected Fed rate cuts creates headwinds for these currencies, but it could also present a chance to “buy the dip” in regional assets. This article highlights the ongoing battle between emerging market central banks and the strengthening US dollar. It explores the various intervention strategies used and the challenges faced by policymakers in these economies.

Also Read: Shimao Group Faces Liquidation Petition Amidst China’s Property Sector Turmoil

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[cebozcom]

Unglaublicher Lottogewinn in den USA | CeBoz.com

Ein glücklicher Gewinner aus den USA erlebt einen unvergesslichen Moment, als er den Jackpot knackt.

[ezzybrownmedia]

Naira Surges Against the US Dollar, Reaches N1113/$ in Peer-to-Peer Market

In a surprising turn of events, the naira strengthened by N166 against the US dollar in the P2P market within just a few hours, leaving currency traders to rethink their strategies. What had initially peaked at N1279/$ on Thursday evening has now settled at a more favorable rate of N1113/$ at the time of this report. Market observations suggest that this surge might be attributed to a lack of buyers, as few are willing to pay the higher rate of around N1300/$. This hesitation may reflect the growing optimism about the naira's future stability. Finance Minister Wale Edun has also revealed that the country is poised to receive a substantial $10 billion in foreign currency inflows over the next few weeks. This influx is expected to bolster liquidity in the foreign exchange market, which has been a hindrance to the growth of Africa's largest economy. President Tinubu has signed two executive orders to facilitate the issuance of domestic financial instruments in foreign currencies and encourage the transfer of cash from outside the banking system into banks. ALSO READ: Interesting stories Traders, especially speculators, are now contemplating the likelihood of further Naira appreciation against the dollar in the coming days. Consequently, they find themselves compelled to sell at lower rates. President Tinubu, in his recent summit address, has assured attendees that he is committed to clearing the backlog and resolving liquidity issues in the foreign exchange market. He emphasized stringent monitoring of all transactions within the foreign exchange market, signaling a crackdown on arbitrage practices. The government acknowledges that liquidity challenges have hindered the efficiency of Nigeria's foreign exchange market. However, it is determined to take all necessary steps to rectify this situation. Plans are underway to streamline and restructure the foreign exchange market, ensuring that all legitimate transactions occur in the official market. Any unregulated activities will be penalized and deemed illegal. LEARN MORE: Read blogs and articles here!!! Meanwhile, on the global front, the US dollar has reached a near one-week high against a basket of currencies. This rise is attributed to a decrease in investor appetite for riskier currencies following disappointing corporate results, which have raised concerns about the state of the economy. Additionally, rising US Treasury bond yields have contributed to the shift in risk sentiment. Federal Reserve Chairman Powell's recent speech also had an impact on the markets. While he concurred with other officials that policy may need to be tightened further, his remarks did not definitively suggest a rate hike in December, leaving room for uncertainty. The Fed's intention is to convince the market that more rate increases are possible, contingent on a significant decline in inflation. ALSO CHECK: Affordable products Read the full article