DE-DOLLARIZATION ON THE RISE! US Allies United To De-Dollarization, China’s Gold Rush｜AsianQuickTake

🌏 In this episode, we explore the surging global trend of de-dollarization and its immense implications for the United States’ economic and financial systems. Join Jacob as he dives into this complex, world-altering phenomenon. Tags: De-dollarization, Central Bank Digital Currencies, Cross-border Payments, US Dollar Dominance, Digital Yuan, US Treasury Bonds, Gold Reserves, Global Reserve Assets, Cryptocurrency Market, International Monetary Reform, Global Economic Trend. Here’s a summary of the video’s key points: De-dollarization Surges: Nations worldwide are actively reducing their reliance on the US dollar, challenging its economic dominance. Central Bank Digital Currencies (CBDCs): CBDCs are transforming cross-border payments, promising revolutionary changes in the global financial system. Allies Unite for De-dollarization: Traditionally US allies, like France, Germany, and the UK, join the de-dollarization movement, increasing its momentum. Cross-border CBDC Consortium: Major central banks are collaborating to promote cross-border transactions using CBDCs, undermining the US dollar’s role in international trade. De-dollarization in Asia: Vietnam and India, influenced by US interest rate policies, accelerate their efforts to reduce US dollar dependency. China’s Gold Reserves: China increases its gold reserves, signaling a shift away from US Treasury bonds, becoming the world’s largest gold purchaser. Digital Yuan (e-CNY): China’s digital yuan is gaining international prominence, offering an alternative to the US dollar in global finance. US Treasury Bond Risks: The mounting US debt and aggressive interest rate policies pose a threat to the Treasury bond market, impacting global finance. Cryptocurrency Reserves: Cryptocurrencies like Bitcoin are emerging as alternative reserve assets, challenging traditional financial systems. US Economic Policy Reassessment: To counter de-dollarization, the United States must consider deficit reduction, fiscal improvements, and prudent monetary policies. International Monetary Reform: The US needs to engage in monetary reform to secure the dollar’s role in the international monetary system. In conclusion, the global wave of de-dollarization is reshaping the world’s economic landscape and testing the United States’ economic dominance. Stay informed by liking, subscribing, and enabling notifications as we explore developments in various fields. Thank you for watching, and we look forward to your continued engagement! 🌐🌍 💯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.