Dollar Collapse

Multipolarista
View In: Dollar CollapseGreece's former Finance Minister Yanis Varoufakis explains the US system of "neo-imperialism" based on the dollar, an "IOU issued by the hegemon", which finances a huge trade deficit by letting foreign capitalists "extract colossal surplus value from their workers and then stash it away in America'...

Multipolarista
View In: Dollar CollapseBrazil and Argentina are making plans for a Latin American currency called the Sur, to “boost regional trade and reduce reliance on the US dollar”. Lula had pledged it while running for president. The post Brazil and Argentina preparing new Latin American currency to ‘reduce reliance on US dollar’ appeare...

Multipolarista
View In: Dollar CollapseIn response to Western sanctions, Russia's central bank is dropping the US dollar and will buy Chinese yuan on the foreign exchange market. The yuan's share of Moscow's currency trading increased from 1% to 40-45% in 2022, while dollar trade halved from 80% to 40%. The post Russia dropping US dolla...

Multipolarista
View In: Dollar CollapseAdvising Brazil's President-elect Lula, Ecuadorian economist and leftist presidential candidate Andrés Arauz made a blueprint for a “new regional financial architecture” to unite Latin America, including an international currency to challenge the hegemony of the US dollar and IMF. The post Latin America’...

Zero Hedge News
View In: Dollar CollapseWorld Dollar Hegemony Is Ending (And That May Be A Good Thing) Authored by Patrick Barron via The Mises Institute, The end of world dollar hegemony is coming and hardly anyone in government is taking notice or even understands what this means. Since the Bretton Woods Conference in 1944, the dollar ha...

Reclaim the Net
View In: Dollar CollapseErasing the anonymity of physical cash and privacy-focused cryptocurrencies. The post The digital dollar will not be anonymous, Federal Reserve chair Jerome Powell says appeared first on Reclaim The Net.