U.S. FED IN PERIL? Central Banks Buy 800 Tons of Gold as Dollar Faces Collapse.｜AsianQuickTake

In today’s episode, we’re diving deep into the remarkable surge in global central banks’ gold purchases. As of November 11th, central banks worldwide have acquired a staggering 800 tons of gold. This significant trend, fueled by countries like China, Turkey, and various European nations, aims to reduce reliance on U.S. debt amid growing concerns about the dollar’s stability. Gold has emerged as a reliable hedge against the dollar’s volatility and economic uncertainties. Jamie Dimon, CEO of JPMorgan Chase, warns of the dollar facing its most precarious period in decades, citing a more severe situation than the 2008 financial crisis, with soaring debt levels and heightened default risks. Calls for a return to the gold standard and the adoption of gold-backed digital currencies are gaining traction globally as nations seek alternatives to the U.S. dollar. Gold is increasingly viewed as a safe haven to preserve wealth and counter dollar depreciation, potentially triggering a reevaluation in the years to come. With mounting questions about the sustainability of U.S. economic dominance and the ever-expanding federal debt, some U.S. politicians advocate for a return to the gold standard. As distrust in the dollar grows, a rising number of U.S. states are passing legislation to recognize gold as legal tender. China’s recent actions, including selling U.S. debt and intensifying gold purchases, have drawn widespread attention. Meanwhile, global central banks’ divestment from U.S. debt and the increased accumulation of gold are amplifying the pressure on U.S. debt credit. As the U.S. faces potential economic recession, and de-dollarization gains momentum, the dollar’s global status is at risk. The Federal Reserve may need to rely on global buyers to support U.S. debt markets, leaving the nation’s finances in a precarious state. Join us as we explore these critical developments, their implications for the global financial system, and whether we’re witnessing the beginning of a new era marked by the decline of U.S. hegemony and the rise of a diverse international financial order. If you find this topic intriguing, please consider liking, subscribing, and hitting the notification bell to stay updated on issues surrounding business, economic history, international relations, geopolitics, and world affairs shaping our civilization. Thank you for watching!“ Tags: Gold Purchases, Central Banks, U.S. Dollar, Gold Standard, Economic Dominance, Financial Stability, De-dollarization, U.S. Debt Crisis, Global Economy, Dollar’s Decline. 💯TOP 3 Video China Shocks Yellen With Massive Selling of U.S. Bonds and Buying of Gold ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ Swiss Sells $36.4 billion U.S. Treasuries ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.