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Tuesday, Dec 10, 2024

Dollar's Dominance Under Threat as Competition from China and Russia Grows

Dollar's Dominance Under Threat as Competition from China and Russia Grows

The article discusses the potential for the dollar to lose its status as the world's dominant currency due to various factors, including competition from China and Russia, the impact of sanctions on Russia's economy, and the growing use of alternative currencies in global trade.
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Oh ya 2 year ago
Sounds more like a pep talk than reality. The US shot themselves in the head when they turned the USD into a weapon. The BRICS+ are going to upset the US apple cart. When the US stole 300 billion of Russian FX reserves it told every country that the US can not be trusted. And when those unneeded USD are sent back to the United States the citizens will discover what real inflation is
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