Will The US Dollar Remain King, or will the YUAN Topple it?
Since I have been born, the US dollars have been the major reserve currency for so many countries around the world. It is possible since I am not close to 80 years and the US Dollars have been world reserve currency since 1944, according to Investopedia. In case you do not know how powerful the US Dollar is, it is used by virtually all oil producing countries as a major country, and it is regarded as the petrodollar.
While it has been riding this horse for a long time, so many people think it is about to lose its power.
China going the extra mile to become the world economic power, trying to create trade routes around the world, lending money to countries that cannot pay back in over 100 years to come, and ensuring that they still keep giving loans. Also, the Russian, Ukraine war, is another reason, as several countries are looking into adopting other currencies to be able to trade with Russian, following the sanctions placed on them.
Without any doubt, we can also tell that the increasing US account deficit is another threat to the US dollar, and the same Dollar is used to fund these deficits. If not for the high demand of dollar, the US wouldn't be able to sustain its deficit but now that there are different thoughts from different nations on which currency should be their reserve currency, it is starting to look like the US Dollar is going to lose its touch sooner or later.
At a point in time, the Euro tried to topple the dollar, and become the major currency, but the EURO market crash killed the move.
The YUAN is believed to possibly topple the US Dollar, but I cannot say that it is possible, or it isn't. What do you think about the government of countries choosing the Chinese YUAN over the US DOllar?
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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
It’s really tough one,China is try their best to dominate, time will tell.
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Gradually, the US is losing their touch, and the only way uncle Sam is getting the world to run to him is by causing confusion amongst countries as well as mediating for them at the same time.
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Who is Uncle Sam please 😂
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