The US is DESTROYING the DOLLAR! 110 Nations ISSUE Their OWN Digital Currencies.丨AsianQuicktake

In recent times, there has been a surge in the global “de-dollarization“ movement, with major economies, both developed and emerging, promoting it through various innovative cross-border payment and settlement mechanisms, bilateral currency agreements, and foreign exchange reserve diversification policies. This trend is being observed across five continents worldwide, with countries such as Brazil, Malaysia, Ghana, Russia, France, and Australia leading the way in attempts to diversify their currencies in international trade settlements. On March 31, ASEAN adopted a local currency trading plan to increase the use of local currency and decrease reliance on major international currencies, primarily the U.S. dollar, in cross-border trade and investment. Similarly, on April 1, India announced the settlement of trade with Malaysia in Indian rupees, and expressed readiness to trade with more countries using their local currencies to address dollar shortages in their foreign reserves. As per the International Monetary Fund, the dollar’s share of global foreign exchange reserves has hit a new low since 1995, signaling a declining trend. The weaponization of the dollar has turned from conjecture to reality since the Russia-Ukraine conflict, even for countries that have no conflicts with the U.S. With more than 40 countries currently under U.S. sanctions, holding a large amount of a temporarily unusable currency like the dollar poses a significant risk to each country. Economist James Rickards argues that although other countries cannot destroy the dollar, the U.S. is itself undermining its value through sanctions and other policy misdirection. He warned a decade ago about the dollar’s declining status, and the unilateral financial warfare and excessive abuse of its position by the U.S. leading to other countries hastening their de-dollarization process. Many countries worldwide are wary of holding dollars in fear of becoming targets of U.S. financial sanctions. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ 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.