De-dollarization and BRICS’ ascendancy: The Decline of the USD as a Global Reserve Currency

https://here.news/story/7a21bb5d

USD decline, fiscal deficits, current account deficits, monetary policy, fiscal policy, international financing, central banks, US sanctions, emerging economies, gold prices, bulk commodities, inflation, economic system, De-dollarization, BRICS alliance, global economic order

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Last Notes

2024-10-07 02:55:02

Is De-Dollarisation Gaining Momentum Amid Global Shifts?
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#7a21bb5d ver:0.91
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#newstr #Dedollarisation #UsSanctions #PakistanEconomy #Brics #Russia #Ukraine #ForeignPolicy #Currency #Debt #Trade
https://here.news/story/7a21bb5d?ver=0.91

2024-09-26 13:46:35

Saudi Arabia's Decoupling from the Dollar: A Threat to the US Economy?
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#7a21bb5d ver:0.9
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#newstr #SaudiArabia #UsDollar #Economy #Brics #Inflation #InterestRates #Trade #Debt #Opec #Currency
https://here.news/story/7a21bb5d?ver=0.9

2024-07-12 22:01:05

The Implications of Saudi Arabia's Decision to End the Petrodollar Deal
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#7a21bb5d ver:0.88
Saudi Arabia's decision to end the Petrodollar deal has significant implications for the global economic landscape. With the expiration of the deal, Saudi Arabia can now trade crude in any preferred currency, potentially threatening the dollar's dominance in international trade. This move reflects the growing trend of countries diversifying away from the dollar due to concerns about financial sanctions. It also highlights the need for reforms in international financial institutions. The alleged end of the petrodollar agreement marks the end of the era of fiat currency and could lead to higher inflation and interest rates. Gold's role in the new financial landscape is emphasized. #Petrodollar #DeDollarization #GlobalEconomy...
#newstr #Petrodollar #UsEconomy #UsStockMarket
https://here.news/story/7a21bb5d?ver=0.88

2024-07-11 13:06:02

The Demise of the Petrodollar: Impact on the Dollar and Emerging Markets like India
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#7a21bb5d ver:0.84
The end of the Saudi-US petrodollar deal threatens the US dollar's global reserve currency status. Saudi Arabia can now trade crude in any currency, including the Chinese RMB and Indian rupee. The impact on the US dollar has been minimal, but India has been less affected due to increased purchases of Russian oil in rupees. #Petrodollar #USD #India...
#newstr #Petrodollar #SaudiusPetrodollarDeal #Dollar #EmergingMarkets #India
https://here.news/story/7a21bb5d?ver=0.84

2024-07-03 10:05:41

The Future of the Petrodollar Agreement: Separating Fact From Fiction
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#7a21bb5d ver:0.82
The expiration of the US-Saudi petrodollar agreement does not mean the end of the US dollar's dominance, but it highlights the need for an alternative financial architecture. The rise of the yuan and the efforts of alliances like BRICS and ASEAN pose challenges to the dollar's global reserve status. Saudi Arabia's decision to diversify currencies used in selling oil aligns with its strategy to expand international relations. While the dollar's dominance will remain, a gradual shift towards local currencies in international transactions may be underway. #Petrodollar #DeDollarization #GlobalFinance...
#newstr #Petrodollar #UssaudiRelationship #GlobalReserveCurrency
https://here.news/story/7a21bb5d?ver=0.82

2024-07-02 15:01:35

The Implications of the Expiration of the US-Saudi Petrodollar Deal
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#7a21bb5d ver:0.8
The expiration of the US-Saudi petrodollar deal marks a step towards a multipolar currency system and potential challenges to the dominance of the US dollar. While the dollar's position as the world's reserve currency may face challenges, it still remains dominant. Saudi Arabia's decision to diversify currencies used in selling oil aligns with its strategy to expand international relations. The end of the petrodollar signifies a gradual decrease in the use of the US dollar, potentially impacting the global financial system. The US's declining dependence on Saudi oil and the rise of alternative cross-border payment arrangements contribute to this shift. #Petrodollar #DeDollarization #CurrencyShift...
#newstr #UssaudiDeal #UsDecline #Oil #Dollars #Debt #JoeBiden #DonaldTrump #West #RomanEmpire
https://here.news/story/7a21bb5d?ver=0.8

2024-07-01 15:58:58

The Implications of Saudi Arabia's Termination of the Petrodollar System
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#7a21bb5d ver:0.79
Saudi Arabia's termination of the petrodollar system has implications for the global financial system and US-Saudi relations. It aligns with the shift towards a multipolar currency narrative and the rise of alternative currencies like the yuan and euro. While the US dollar's dominance may not end immediately, the expiration of the petrodollar agreement highlights the need for an alternative financial architecture. This decision could weaken the dollar, impact oil and financial markets, and accelerate investment in renewable energy and digital currencies. The economic and geopolitical landscape may be reshaped for decades to come. #Petrodollar #DeDollarization #GlobalFinance...
#newstr #SaudiArabia #Petrodollar #GlobalFinancialSystem #UsDollar #Inflation #Geopolitics #OilMarkets #RenewableEnergy #DigitalCurrencies
https://here.news/story/7a21bb5d?ver=0.79

2024-06-27 00:58:19

Saudi Arabia's Surplus Hits $11B, 7 Month Peak as Petrodollar Lapse Continues
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#7a21bb5d ver:0.78
Saudi Arabia's trade surplus hits $11B, highest in 7 months, driven by non-oil exports. The petrodollar lapse continues, signaling a shift towards a multipolar currency system. The end of the petrodollar agreement raises questions about the future of the US dollar's dominance. Saudi Arabia's decision aligns with efforts to diversify international relations and reduce vulnerability to US sanctions. The rise of alternative currencies like yuan and euro may challenge the dollar's global reserve status. #SaudiArabia #tradebalance #petrodollar #de-dollarization...
#newstr #SaudiArabia #TradeBalance #NonoilExports #Petrodollar
https://here.news/story/7a21bb5d?ver=0.78

2024-06-24 21:55:15

The Impact of the Petrodollar Lapse on Bitcoin and Gold as USD Alternatives Emerge
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#7a21bb5d ver:0.77
The expiration of the petrodollar agreement between Saudi Arabia and the US could weaken the dominance of the US dollar and open up opportunities for alternative currencies like Bitcoin and gold. The shift away from the dollar is driven by factors such as the weakening US economy, the use of financial sanctions, and the rise of countries in the Global South. While the dollar's position as the world's reserve currency may face challenges, a complete dethroning is unlikely in the immediate future. However, a multipolar financial system with a greater role for other currencies is a possibility. #Petrodollar #Bitcoin #Gold #USDAlternatives #DeDollarization...
#newstr #Petrodollar #UsdAlternatives #Gold #Bitcoin #Brics #Asean
https://here.news/story/7a21bb5d?ver=0.77

2024-06-24 08:02:38

The Decline and Potential Demise of the Petrodollar System: A Comprehensive Analysis
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#7a21bb5d ver:0.74
Saudi Arabia's decision not to renew the petrodollar agreement with the US marks a potential shift away from the dollar as the dominant currency in global trade. The expiration of the agreement allows Saudi Arabia to sell oil in currencies like the RMB, Euro, and Yuan, weakening the dollar's position. This move aligns with Saudi Arabia's strategy to diversify international relations and reduce vulnerability to US sanctions. The end of the petrodollar system could accelerate the trend of de-dollarization and the rise of alternative currencies like the yuan, impacting the global financial system. #Petrodollar #DeDollarization #GlobalFinance...
#newstr #Petrodollar #Us #SaudiArabia #OilTrade #Currency #China #DollarDominance #Bitcoin
https://here.news/story/7a21bb5d?ver=0.74

2024-06-23 18:41:31

The Impact of Saudi Arabia's Decision to End the US Oil Deal on the Petrodollar System, Global Dominance of the US Dollar, and the Potential Benefits for Bitcoin
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#7a21bb5d ver:0.73
Saudi Arabia's decision to end the US oil deal and diversify currencies used in selling oil has implications for the petrodollar system and global dominance of the US dollar. It highlights the need for an alternative financial architecture beyond the dollar and could accelerate the shift towards alternative currencies. The decision also aligns with Saudi Arabia's strategy to expand international relations beyond the US and Europe. Additionally, the termination of the petrodollar agreement could benefit Bitcoin as investors seek refuge in alternate assets due to inflation and the devaluation of fiat currencies. #Petrodollar #USdollar #Bitcoin...
#newstr #SaudiArabia #Petrodollar #Bitcoin #Ussaudi #Currency #Inflation #FiatCurrencies
https://here.news/story/7a21bb5d?ver=0.73

2024-06-22 08:58:40

The Impact of Saudi Arabia's Decision on the Petrodollar System and the Shift Towards De-dollarization
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#7a21bb5d ver:0.7
Saudi Arabia's decision to end its oil deal with the US sparks discussions on the future of the petrodollar system and the global dominance of the US dollar. While the petrodollar agreement is not over, the shift towards de-dollarization is evident. Factors driving this shift include the weakening US economy, aggressive financial sanctions, and stronger relations among countries in the Global South. The expiration of the petrodollar agreement highlights the need for an alternative financial architecture beyond the dollar. The rise of the yuan poses a challenge to western currencies. Saudi Arabia's decision aligns with its strategy to expand international relations beyond the US and Europe. The impact extends beyond the petrodollar system, affecting the Saudi-US relationship and the global financial system. The end of the petrodollar marks a small step towards de-dollarization, with more local currencies being used for international transactions. #Petrodollar #DeDollarization #GlobalFinance...
#newstr #SaudiArabia #Petrodollar #Brics #Dedollarization #UsDollar
https://here.news/story/7a21bb5d?ver=0.7

2024-06-21 23:00:03

Exploring the Impact of Saudi Arabia's Decision on the Petrodollar System and Global Dominance of the US Dollar
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#7a21bb5d ver:0.69
Saudi Arabia's decision to end the petrodollar agreement with the US reflects a shift in global power dynamics and the trend towards de-dollarization. This could weaken the US dollar's dominance and impact the global financial system. The rise of alternative currencies like the yuan and euro pose challenges to the dollar's position. While the dollar's role will remain for now, a gradual democratization of the global financial landscape may be underway. The expiration of the petrodollar agreement also raises questions about the future of the dollar as the world's leading reserve currency. #Petrodollar #DeDollarization #GlobalFinance...
#newstr #SaudiArabia #UsDollar #Petrodollar #CurrencyDiversification #OilPricing #China #Russia #Iran
https://here.news/story/7a21bb5d?ver=0.69

2024-06-20 16:54:32

The End of Petrodollars: Implications for Global Finance and the US Dollar
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#7a21bb5d ver:0.67
Saudi Arabia's decision to end the petrodollar agreement with the US marks a shift in global power dynamics and a trend towards de-dollarization. This could weaken the US dollar and impact the global financial system. As Saudi Arabia explores alternative currencies and payment arrangements, the demand for the US dollar may decrease. The rise of the yuan and euro also poses challenges to the dollar's dominance. This decision highlights the potential challenges to the petrodollar system and the global dominance of the US dollar. #Petrodollars #DeDollarization #GlobalFinance...
#newstr #Petrodollars #SaudiArabia #UsDollar #Dedollarization #GlobalFinance #OilTrade #Currency #CrossborderPayments
https://here.news/story/7a21bb5d?ver=0.67

2024-06-18 06:57:36

The Death of the Petrodollar: Shifting Power Dynamics and the Potential Weakening of the US Dollar
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#7a21bb5d ver:0.66
The expiration of the US-Saudi oil deal could weaken the petrodollar system and the global dominance of the US dollar. This decision may lead to higher inflation, increased interest rates, and a weakened bond market. Saudi Arabia exploring alternative currencies and joining BRICS countries could further decrease the demand for the US dollar. The impact extends beyond the petrodollar system, affecting the relationship between Saudi Arabia and the US, as well as the global financial system. The rise of the yuan poses a challenge to western currencies. This expiration could signal a shift in global power dynamics and the beginning of a "post-American" era. #Petrodollar #USdollar #GlobalFinance...
#newstr #SaudiArabia #UsOilDeal #PetrodollarSystem #GlobalDominance #UsDollar
https://here.news/story/7a21bb5d?ver=0.66

2024-06-17 22:02:34

The Expiry of US-Saudi Petrodollar Pact and Its Impact on Global Fuel Prices
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#7a21bb5d ver:0.64
The expiration of the US-Saudi petrodollar pact could lead to a decrease in global demand for the US dollar and lower fuel prices. Saudi Arabia's ability to sell oil in multiple currencies may impact the value of the dollar and make imports more expensive for countries reliant on it. The rise of alternative currencies like the yuan and euro could challenge the dollar's dominance in the global financial system. #Petrodollar #FuelPrices #GlobalCurrencyShift...
#newstr #UssaudiPetrodollarPact #FuelPrices #Tanzania #Euro #GlobalFinancialMarkets #ReserveCurrency
https://here.news/story/7a21bb5d?ver=0.64

2024-06-17 16:58:43

Saudi Arabia Ends 50-Year Petrodollar Deal with U.S., Impacting Global Economy
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#7a21bb5d ver:0.63
Saudi Arabia ends 50-year petrodollar deal with the US, potentially impacting global economy. This decision could weaken the dollar's dominance, reduce demand for US debt, and impact the bond market. It comes as Saudi Arabia diversifies economic partnerships and joins the BRICS alliance. #SaudiArabia #Petrodollar #GlobalEconomy...
#newstr #SaudiArabia #Petrodollar #Us #Brics #Oil #Currency
https://here.news/story/7a21bb5d?ver=0.63

2024-06-17 07:02:19

US-Saudi Arabia Security Deal Could Impact the Future of the Petrodollar
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#7a21bb5d ver:0.62
The US-Saudi security deal could impact the future of the petrodollar, but reports of its expiration are dismissed. While Saudi Arabia has shown interest in trading oil in yuan, the dollar remains the dominant currency in global oil sales and foreign exchange reserves. The rise of the yuan poses a challenge, but the dollar's status as the leading reserve currency remains strong. #Petrodollar #USSaudiDeal #Yuan #DollarDominance...
#newstr #UssaudiArabia #SecurityDeal #Petrodollar #Currency #GlobalEconomy
https://here.news/story/7a21bb5d?ver=0.62

2024-06-16 01:53:50

Saudi Arabia Drifts Away From Washington And The Dollar – Analysis
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#7a21bb5d ver:0.61
#SaudiArabia officially terminates its 50-year petrodollar agreement with the US, signaling a major shift in global economic dynamics. The move allows Saudi Arabia to sell oil using various currencies, including the #ChineseRMB and #digitalcurrencies like #Bitcoin. This could weaken the US dollar, impact financial markets, and question its status as the world's leading reserve currency. The emergence of alternative energy sources and new oil-producing countries further challenges West Asia's dominance in the oil market. The future of the dollar is at stake as #Russia and #China accelerate the 'de-dollarisation' process....
#newstr #SaudiArabia #UssaudiRelations #Petrodollar #GlobalInfluence
https://here.news/story/7a21bb5d?ver=0.61

2024-06-15 20:04:47

Debunking Rumors: Saudi Arabia Unlikely to Replace Dollar with Chinese Yuan
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#7a21bb5d ver:0.6
Saudi Arabia's termination of the petrodollar agreement with the US does not mean a shift to the Chinese yuan. The expiration of the agreement could weaken the US dollar and impact the energy, financial, and trade sectors. The global financial order is uncertain, with Russia and China accelerating the 'de-dollarization' process. The rumors of a dollar-to-yuan replacement are unfounded. The future of the dollar as the world's leading reserve currency is at stake. #Petrodollar #USdollar #China #de-dollarization...
#newstr #Petrodollar #SaudiArabia #UsEconomy #PowerDynamics #EnergySector #FinancialSector #TradeSector #DollarDominance #ChineseYuan
https://here.news/story/7a21bb5d?ver=0.6

2024-06-15 12:54:41

The Death of the Petrodollar: Implications for the US Economy and Global Financial Order
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#7a21bb5d ver:0.59
The termination of the petrodollar agreement between the US and Saudi Arabia has far-reaching implications for the global economy. It could weaken the US dollar, lead to higher inflation and interest rates, and challenge the dominance of West Asia in the oil market. Saudi Arabia's participation in a China-dominated digital currency trial and Russia's plan to create a new payments system further contribute to the 'de-dollarization' process. The future of the dollar as the world's leading reserve currency is at stake. #Petrodollar #DeDollarization #GlobalEconomy...
#newstr #Petrodollar #UssaudiRelations #GlobalFinance #ReserveCurrency #Dedollarization #UsEconomy #PowerDynamics #EnergySector #FinancialSector #TradeSector
https://here.news/story/7a21bb5d?ver=0.59

2024-06-15 11:58:21

The US-Saudi Petro Dollar Agreement Ends: Implications for Global Economics and US Dominance
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#7a21bb5d ver:0.58
The termination of the US-Saudi petrodollar agreement has far-reaching implications for global economics and US dominance. It weakens the US dollar, raises inflation and interest rates, and threatens its status as the world's leading reserve currency. Saudi Arabia's shift towards alternative currencies and participation in digital currency trials with China challenges the traditional dominance of West Asia and signals a major shift in power dynamics. Russia's plans to bypass the dollar further contribute to the 'de-dollarisation' process. The global financial landscape is undergoing significant transformation. #Petrodollar #DeDollarisation #GlobalEconomics...
#newstr #SaudiArabia #Petrodollar #GlobalEconomics #UsDollar #OilMarket #CurrencyDiversification #DigitalCurrencies #ProjectMbridge #UssaudiOilforsecurityDeal #Dedollarisation
https://here.news/story/7a21bb5d?ver=0.58

2024-06-15 07:56:20

Saudi Arabia Ends Petrodollar Agreement with the US: A Watershed Moment in Global Economic History
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#7a21bb5d ver:0.57
Saudi Arabia's termination of the petrodollar agreement with the US marks a major shift in global economic dynamics. It could weaken the US dollar, lead to higher inflation and interest rates, and a weaker bond market. The move aligns with Saudi Arabia's participation in a China-dominated digital currency trial, signaling a scaling up of commodity settlement outside of dollars. Russia's plan to create a new BRICS payments system further contributes to the 'de-dollarisation' process. The future of the dollar as the world's leading reserve currency is at stake. #Petrodollar #DeDollarisation #GlobalEconomy...
#newstr #SaudiArabia #Petrodollar #Us #GlobalEconomy #OilMarket #Currency #Geopolitics
https://here.news/story/7a21bb5d?ver=0.57

2024-06-15 02:57:42

The Movement to Dethrone the Petrodollar Is Already Underway
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#7a21bb5d ver:0.56
The termination of the petrodollar agreement between Saudi Arabia and the US marks a major shift in global economic dynamics. It could weaken the US dollar, leading to higher inflation, interest rates, and a weaker bond market. Saudi Arabia's move aligns with its participation in a China-dominated digital currency trial, while Russia plans to create a new payments system bypassing the dollar. These coordinated efforts by Moscow and Beijing accelerate the 'de-dollarisation' process and question the future of the dollar as the world's leading reserve currency. The US energy and financial sectors may be greatly affected, highlighting the need for the US to adapt to changing power dynamics. #Petrodollar #DeDollarisation #GlobalEconomy...
#newstr #Petrodollar #Dedollarization #OilTrade #SaudiArabia #UsDollar #ProjectMbridge #CentralBankDigitalCurrency #BricsPaymentsSystem #UsEnergySector #FinancialSector
https://here.news/story/7a21bb5d?ver=0.56

2024-06-08 01:57:19

Central Banks Accumulate Gold, Challenging the US Dollar's Dominance
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#7a21bb5d ver:0.46
Central banks are accumulating gold, challenging the dominance of the US dollar. Gold's share in international reserves is at a 27-year high, surpassing the Euro. The BRICS alliance, including China and Russia, is accumulating gold and promoting the use of local currencies for cross-border transactions. Experts warn of a US economic crash, with the BRICS de-dollarization efforts and mounting debt concerns. The US dollar's status as the global reserve currency is at risk. The US economy is already in a state of recession, with declining job health and increasing debt concerns. The future of the US dollar hangs in the balance as the BRICS alliance pushes for de-dollarization. The US faces a growing debt crisis and increasing inflationary pressures. The US dollar's dominance is supported by its robust systems, liquidity, and worldwide reputation, but the true test lies in overcoming internal challenges. The US is "sleepwalking" into a recession, with the BRICS bloc leading the de-dollarization charge. The US economy is at a critical juncture, with the crash already underway. The BRICS alliance is considering cutting ties with the dollar, adding pressure to the US economy. Inflation in the US is rising, and the de-dollarization initiative aims to strengthen local currencies. The US is inevitably headed for a serious economic crisis due to astronomical levels of debt. The US dollar's status as the world's reserve currency is the only thing enabling the US to maintain such debt. JPMorgan CEO warns of an unavoidable crisis for the US dollar due to BRICS de-dollarization efforts and extraordinary government spending. The viability of the US dollar as a reserve asset is in question as global concern grows. JP Morgan CEO warns of an inevitable crisis for the US dollar due to excessive government spending and budget deficits, which have weakened the economic position of the United States....
#newstr #Gold #UsDollar #CentralBanks #Reserves #BricsAlliance #DebtCrisis #Inflation
https://here.news/story/7a21bb5d?ver=0.46

2024-05-30 15:02:23

JPMorgan CEO Warns of Unavoidable Crisis for the US Dollar Amid BRICS De-Dollarization Efforts
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#7a21bb5d ver:0.43
#US economy faces major crash as BRICS alliance pushes for de-dollarization. JPMorgan CEO warns of crisis for US dollar. Experts advise investing in gold and bitcoin. US debt crisis, inflation, and declining job health contribute to the fragility of the economy. #recession #debtcrisis #BRICS #USD...
#newstr #UsEconomy #Crash #DebtCrisis #BricsAlliance #Dedollarization #GlobalReserveCurrency #Inflation #UsGovernment #ChineseEconomy #UsDebt #BricsCurrency #RussianEconomy #UsNationalDebt #Jpmorgan #JamieDimon
https://here.news/story/7a21bb5d?ver=0.43

2024-05-12 00:56:29

Top Economist Warns US is 'Sleepwalking' Into Recession Amid BRICS De-Dollarization Efforts
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#7a21bb5d ver:0.38
#US economy faces major crash as BRICS alliance de-dollarizes, warns economist. Job health declines, debt concerns rise, and recession is already present. Protect assets with gold and bitcoin. #DebtCrisis #BRICS #Recession #DeDollarization...
#newstr #UsEconomy #Recession #Dedollarization #Brics
https://here.news/story/7a21bb5d?ver=0.38

2024-05-02 15:59:20

US Economy Faces Recession as Debt Crisis Deepens: Experts Warn
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#7a21bb5d ver:0.36
Experts warn that the US economy is facing a recession as the debt crisis deepens. The global landscape has shifted due to geopolitical conflicts, resulting in a deceleration of growth and weakened investment sentiment. The movement towards de-dollarization by emerging economies, such as the BRICS alliance, poses a challenge to the dominance of the US dollar. However, some believe the dollar will remain the leading global reserve currency due to its robust systems and liquidity. The US economy is already in a state of depression, with increasing debt and inflationary concerns. The private sector needs to drive the economy, but international efforts to limit the usage of the US dollar in trade are compounding the issue. #US #economy #recession #debtcrisis #de-dollarization...
#newstr #UsEconomy #Recession #DebtCrisis #BricsEconomicAlliance
https://here.news/story/7a21bb5d?ver=0.36