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Mi esposa y yo caminando por china de noche.
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$0.26
- 6 0 0 100
- De-dollarization Signs Are Emerging as the Greenback Slides in Currency Reserves, JPMorgan Says
While a near-term rupture in the greenback's dominance is unlikely, divergence away from dollar usage is beginning to show, JPMorgan analysts wrote in a Monday note.
"Some signs of de-dollarization are emerging; this trend is likely to persist but USD should maintain its large footprint for the foreseeable future," they said.
For now, the currency remains "top-of-class" in global transactions, and accounts for 88% foreign exchange volumes, while its share of trade invoicing has remained steady for two decades, between 40% and 50%.
However, this has been set against a decline in the US share of global trade, as the country's exports fell to a record low of 9%.
And the dollar's share of foreign exchange reserves has also dropped.
That trend was accelerated after the West froze Russia's $330 billion in reserves last year for its Ukraine invasion — prompting other nations to decrease their reliance on the US currency.
"De-dollarization is evident in FX reserves where USD share has declined to a record as share in exports declined, but is still emerging in commodities," JPMorgan said.
Source: Markets Insider
(https://markets.businessinsider.com/news/currencies/dedollarization-dollar-dominance-foreign-currency-reserves-chinese-yuan-gold-jpmorgan-2023-6)
Related Reading: U.S. Hegemony Under Attack as Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia and China
(http://mcguiremitchell32.medium.com/us-hegemony-threatened-as-saudis-uae-india-ignore-threats-of-sanctions-turn-to-russia-china-9473f26a6342)
#dedollarization #dollar #usd #usdollarcollapse #breakingnewsDe-dollarization Signs Are Emerging as the Greenback Slides in Currency Reserves, JPMorgan Says
While a near-term rupture in the greenback's dominance is unlikely, divergence away from dollar usage is beginning to show, JPMorgan analysts wrote in a Monday note.
"Some signs of de-dollarization are emerging; this trend is likely to persist but USD should maintain its large footprint for the foreseeable future," they said.
For now, the currency remains "top-of-class" in global transactions, and accounts for 88% foreign exchange volumes, while its share of trade invoicing has remained steady for two decades, between 40% and 50%.
However, this has been set against a decline in the US share of global trade, as the country's exports fell to a record low of 9%.
And the dollar's share of foreign exchange reserves has also dropped.
That trend was accelerated after the West froze Russia's $330 billion in reserves last year for its Ukraine invasion — prompting other nations to decrease their reliance on the US currency.
"De-dollarization is evident in FX reserves where USD share has declined to a record as share in exports declined, but is still emerging in commodities," JPMorgan said.
Source: Markets Insider
(https://markets.businessinsider.com/news/currencies/dedollarization-dollar-dominance-foreign-currency-reserves-chinese-yuan-gold-jpmorgan-2023-6)
Related Reading: U.S. Hegemony Under Attack as Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia and China
(http://mcguiremitchell32.medium.com/us-hegemony-threatened-as-saudis-uae-india-ignore-threats-of-sanctions-turn-to-russia-china-9473f26a6342)
#dedollarization #dollar #usd #usdollarcollapse #breakingnews6 0 0 215$0.08 - Technocrats frequently pressure the US gov't to increase R&D as a strategy to upstage China. The assumption is that public R&D leads to innovation and economic growth because research generates the science that spurs innovation. The formula is mistaken.
Technocrats frequently pressure the US gov't to increase R&D as a strategy to upstage China. The assumption is that public R&D leads to innovation and economic growth because research generates the science that spurs innovation. The formula is mistaken.
2 0 0 98 -
Change in the US dollar dominance
We are at a convergence point where I just read that the dominance of the US dollar has diminished to 58% internationally. Something we can predict for sure is people have lost faith in the US dollar!
When you live artificially on credit to manage a government without controlling your spending.
It is scary!
An individual who does not control it is spending and living on credit cards. The outcome will materialize in bankruptcy. It is important to always control your cash flow.
In the case of the US government, they just increase the debt ceiling and print again more money. They have privileges that they have abused and keep repeating.
Global reputations
Don't blame other influential countries for trying to change the chessboard globally. It is always a question of prestige, power, and balance in the world order.
Nothing can remain the same forever and everything changes!
Countries like China, and Russia keep buying gold for preserving value because fiat money has a tendency to keep dropping. Even governments who have the US dollar as a reserve, lose purchasing power.
We know the US has a tendency to keep printing money for fixing every issue they have. During the covid pandemic, they have injected over 4 trillion dollars into the economy.
Something needs to change
I believe the accumulation of gold by central banks is the best option on the table. This precious metal has proved to preserve wealth for over 5000 years in human history.
Until we mine gold in space...we need to bet on this asset to keep more money in our pockets. Maybe soon we are going to see central banks purchase assets like Bitcoin, and Ethereum to have value in their balance sheets.
Crypto offers a good alternative to the actual financial system. We are not there yet but it is something we can see appear in the next decade.
We are in a transitional state in the financial world. Nothing is permanent and change brings novelty and fresh air.
Focus on central banks
I don't believe the Yuan will be the solution in the short and medium term as a global currency. An authoritarian regime that tries to control everything from individuals to freedom, companies.
I prefer Western values where you have the freedom to express, live, and breathe the way your want.
Banks will keep purchasing gold and make sure they have enough on their balance sheet. You cannot keep using the US dollar as a global currency. We have seen that the US just put more money into the circulation.
Last word
The de-dollarization is a reality that we experience as we speak and is going to accentuate in the next 5 years. We have to bet on gold, crypto, and Bitcoin which is completely decentralized.
I don't know what the future might bring but we need to embrace this paradigm shift with an open mind. We have always the option to choose to invest in assets that keep their value.
To rely only on the US dollar is a reality we need to change and adapt.
Have a wonderful and blossoming day!
PS: It is only my personal opinion. I am not a financial advisor and always do my own research.
Change in the US dollar dominance
We are at a convergence point where I just read that the dominance of the US dollar has diminished to 58% internationally. Something we can predict for sure is people have lost faith in the US dollar!
When you live artificially on credit to manage a government without controlling your spending.
It is scary!
An individual who does not control it is spending and living on credit cards. The outcome will materialize in bankruptcy. It is important to always control your cash flow.
In the case of the US government, they just increase the debt ceiling and print again more money. They have privileges that they have abused and keep repeating.
Global reputations
Don't blame other influential countries for trying to change the chessboard globally. It is always a question of prestige, power, and balance in the world order.
Nothing can remain the same forever and everything changes!
Countries like China, and Russia keep buying gold for preserving value because fiat money has a tendency to keep dropping. Even governments who have the US dollar as a reserve, lose purchasing power.
We know the US has a tendency to keep printing money for fixing every issue they have. During the covid pandemic, they have injected over 4 trillion dollars into the economy.
Something needs to change
I believe the accumulation of gold by central banks is the best option on the table. This precious metal has proved to preserve wealth for over 5000 years in human history.
Until we mine gold in space...we need to bet on this asset to keep more money in our pockets. Maybe soon we are going to see central banks purchase assets like Bitcoin, and Ethereum to have value in their balance sheets.
Crypto offers a good alternative to the actual financial system. We are not there yet but it is something we can see appear in the next decade.
We are in a transitional state in the financial world. Nothing is permanent and change brings novelty and fresh air.
Focus on central banks
I don't believe the Yuan will be the solution in the short and medium term as a global currency. An authoritarian regime that tries to control everything from individuals to freedom, companies.
I prefer Western values where you have the freedom to express, live, and breathe the way your want.
Banks will keep purchasing gold and make sure they have enough on their balance sheet. You cannot keep using the US dollar as a global currency. We have seen that the US just put more money into the circulation.
Last word
The de-dollarization is a reality that we experience as we speak and is going to accentuate in the next 5 years. We have to bet on gold, crypto, and Bitcoin which is completely decentralized.
I don't know what the future might bring but we need to embrace this paradigm shift with an open mind. We have always the option to choose to invest in assets that keep their value.
To rely only on the US dollar is a reality we need to change and adapt.
Have a wonderful and blossoming day!
PS: It is only my personal opinion. I am not a financial advisor and always do my own research.
1 0 0 228$1.04 -
Not a great time for crypto
We are already in a crypto bear market that still persists without showing us a clear path to recovery. In the meantime, we have the SEC that keeps going with its attacks with 13 laws against Binance.
I don't know what the real motivation behind the US government where they don't provide clear guidance. Instead of keeping with the current attitude to bring those battles to the court.
A system that has proved it can take a huge amount of capital, energy, etc...
Can you imagine being in the shoes of the Binance CEO? It might be a real challenge for him to stay afloat with a positive vibe and attitude.
The US dollar bleeding...
We are at a convergence point the US is starting to lose its position of domination globally. They just keep rising the debt ceiling with more trillions of dollars.
The solution is just to keep printing more money and diminish the purchasing power of people. I can start to understand why the BRICS countries want to finish with this global currency.
Central banks keep purchasing gold to increase their reserve on their balance sheet. They know the US dollar is near its end as a global currency.
Humans always keep repeating the same mistake over and over! In a real economy, the notion of easy money does not exist.
People need to bring value for people to make a real economy.
Now they want to freeze Binance US assets
I have difficulty with this move because I don't believe Binance deserves to be attacked this way. The ongoing battle between Ripple and the SEC still persist since 2020 and the battle is not yet finished.
Can you imagine if they freeze their assets how people will get their money back? I don't understand how the SEC is thinking in the current attack against Binance.
How the company will pay it is billing and met it is obligations?
Something we need to understand! The real motive behind the US government it they scare about crypto.
When you read between the dots... When you use crypto, you can still stop using the US dollar entirely.
In my case, I never use the US dollar and I wake up each day without stress. The US dollar is only paper backed by nothing!
It is only a system of value for exchanging goods and services that people trust to use.
Motivation to Attack a Chinese Entrepreneur
We know the US has a big challenge with China that is becoming more powerful each day. The rivalry between both superpowers is there and hope not to see a war materialize in my lifetime.
We have seen the same thing with the plan to ban TikTok on the US mainland. We live in a period of uncertainty and I don't know where that might go.
This builder has facilitated millions of people to be exposed to the crypto industry.
It is maybe a political move! It is hard to decipher the real agenda behind the US government's move.
What I am thinking
I am not happy to see this industry that I love so much be attacked once again by central entities. Crypto companies do not have clear clarity on how to operate within the US territory.
Now those crypto entrepreneurs need to do a step back and fight a boring fight.
I have good faith that something powerful will come out of this battle. Maybe more clarity because I know deep in my heart crypto is here to stay.
Have a wonderful day!
PS: It is only my personal opinion and always remember I am not a financial planner and always do your own research.
Not a great time for crypto
We are already in a crypto bear market that still persists without showing us a clear path to recovery. In the meantime, we have the SEC that keeps going with its attacks with 13 laws against Binance.
I don't know what the real motivation behind the US government where they don't provide clear guidance. Instead of keeping with the current attitude to bring those battles to the court.
A system that has proved it can take a huge amount of capital, energy, etc...
Can you imagine being in the shoes of the Binance CEO? It might be a real challenge for him to stay afloat with a positive vibe and attitude.
The US dollar bleeding...
We are at a convergence point the US is starting to lose its position of domination globally. They just keep rising the debt ceiling with more trillions of dollars.
The solution is just to keep printing more money and diminish the purchasing power of people. I can start to understand why the BRICS countries want to finish with this global currency.
Central banks keep purchasing gold to increase their reserve on their balance sheet. They know the US dollar is near its end as a global currency.
Humans always keep repeating the same mistake over and over! In a real economy, the notion of easy money does not exist.
People need to bring value for people to make a real economy.
Now they want to freeze Binance US assets
I have difficulty with this move because I don't believe Binance deserves to be attacked this way. The ongoing battle between Ripple and the SEC still persist since 2020 and the battle is not yet finished.
Can you imagine if they freeze their assets how people will get their money back? I don't understand how the SEC is thinking in the current attack against Binance.
How the company will pay it is billing and met it is obligations?
Something we need to understand! The real motive behind the US government it they scare about crypto.
When you read between the dots... When you use crypto, you can still stop using the US dollar entirely.
In my case, I never use the US dollar and I wake up each day without stress. The US dollar is only paper backed by nothing!
It is only a system of value for exchanging goods and services that people trust to use.
Motivation to Attack a Chinese Entrepreneur
We know the US has a big challenge with China that is becoming more powerful each day. The rivalry between both superpowers is there and hope not to see a war materialize in my lifetime.
We have seen the same thing with the plan to ban TikTok on the US mainland. We live in a period of uncertainty and I don't know where that might go.
This builder has facilitated millions of people to be exposed to the crypto industry.
It is maybe a political move! It is hard to decipher the real agenda behind the US government's move.
What I am thinking
I am not happy to see this industry that I love so much be attacked once again by central entities. Crypto companies do not have clear clarity on how to operate within the US territory.
Now those crypto entrepreneurs need to do a step back and fight a boring fight.
I have good faith that something powerful will come out of this battle. Maybe more clarity because I know deep in my heart crypto is here to stay.
Have a wonderful day!
PS: It is only my personal opinion and always remember I am not a financial planner and always do your own research.
4 0 0 358$2.46 - Rep. Mike Rogers (R-AL), chair of the House Armed Services Committee, said Tuesday that he wants Congress to pass a supplemental spending bill this year to address so-called threats from China, Defense News reported.
Rep. Mike Rogers (R-AL), chair of the House Armed Services Committee, said Tuesday that he wants Congress to pass a supplemental spending bill this year to address so-called threats from China, Defense News reported.
1 0 0 153 - The UAE has always had three main goals in #Yemen. The first and most important mission was to combat the Muslim Brotherhood in Yemen and establish a strong ally in the region.
https://www.activistpost.com/2023/06/how-the-uae-and-china-set-their-sights-on-southern-yemen.htmlThe UAE has always had three main goals in #Yemen. The first and most important mission was to combat the Muslim Brotherhood in Yemen and establish a strong ally in the region.
https://www.activistpost.com/2023/06/how-the-uae-and-china-set-their-sights-on-southern-yemen.html0 0 0 179 - Welcome to China's 15-minute cities, where by law facial recognition is mandatory to get in and leave your neighborhood zone.
//
Bienvenido a las ciudades de 15 minutos de China, donde por ley el reconocimiento facial es obligatorio para entrar y salir de tu zona de barrio.Welcome to China's 15-minute cities, where by law facial recognition is mandatory to get in and leave your neighborhood zone.
//
Bienvenido a las ciudades de 15 minutos de China, donde por ley el reconocimiento facial es obligatorio para entrar y salir de tu zona de barrio.1
0 0 92 0 - Zambia and The People’s Republic of China enjoy an all-weather friendship forged over many decades. We were pleased to receive a courtesy call, this afternoon, from the Chinese ambassador, His Excellency Du Xiaohui.
We discussed issues of mutual interest and expressed that we are committed to strengthening our bilateral ties, as we continue working together.
Both countries are opening up opportunities for business and investment as we work to create prosperity for our people.
Hakainde Hichilema
President of the Republic of ZambiaZambia and The People’s Republic of China enjoy an all-weather friendship forged over many decades. We were pleased to receive a courtesy call, this afternoon, from the Chinese ambassador, His Excellency Du Xiaohui.
We discussed issues of mutual interest and expressed that we are committed to strengthening our bilateral ties, as we continue working together.
Both countries are opening up opportunities for business and investment as we work to create prosperity for our people.
Hakainde Hichilema
President of the Republic of Zambia2 0 0 84$0.00 - #Tanzania will become a special partner of the upcoming 15th #CAEXPO, a Tanzanian diplomat announced in Beijing on Aug 13. It will be the first time for an African country to participate in the annual gathering hosted by China and 10 #ASEAN countries.
Mbelwa Kairuki, Tanzania's ambassador to China, said the country hopes to promote trade between Tanzania and China as well as ASEAN countries, and to attract more investment and promote tourism and related investment projects.
Seif Ali Iddi, a Tanzanian parliamentarian who once served as ambassador to China in the 1990s, will lead the team and attend the event, according to Kairuki. #BeltandRoad#Tanzania will become a special partner of the upcoming 15th #CAEXPO, a Tanzanian diplomat announced in Beijing on Aug 13. It will be the first time for an African country to participate in the annual gathering hosted by China and 10 #ASEAN countries.
Mbelwa Kairuki, Tanzania's ambassador to China, said the country hopes to promote trade between Tanzania and China as well as ASEAN countries, and to attract more investment and promote tourism and related investment projects.
Seif Ali Iddi, a Tanzanian parliamentarian who once served as ambassador to China in the 1990s, will lead the team and attend the event, according to Kairuki. #BeltandRoad1 0 0 167$0.00 - Here are the top 5 Trending news at Blockchain Today Korea!
Singapore Grants Digital Token License to Crypto.com
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33207
Olive-Oil Producer Launches Euro-Stablecoin Bond on DeFi Platform
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33208
Get Ready for an Epic Web3 Showdown: Bitskwela Hosts a Thrilling Debate
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33223
China Takes a Big Leap in Blockchain Technology
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33222
Bitvo Cuts Withdrawal Costs in Half
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33165
#Blockchain #Cryptocurrency #News #Bitcoin #BNPHHere are the top 5 Trending news at Blockchain Today Korea!
Singapore Grants Digital Token License to Crypto.com
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33207
Olive-Oil Producer Launches Euro-Stablecoin Bond on DeFi Platform
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33208
Get Ready for an Epic Web3 Showdown: Bitskwela Hosts a Thrilling Debate
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33223
China Takes a Big Leap in Blockchain Technology
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33222
Bitvo Cuts Withdrawal Costs in Half
https://www.blockchaintoday.co.kr/news/articleView.html?idxno=33165
#Blockchain #Cryptocurrency #News #Bitcoin #BNPH2 0 0 352$0.49 - Officials in China sees AI as threat and calls for national security measures to tighten AI use policies in the country as it poses security risk to its country.
#awesme #somee #crypto #ai
[Image source](https://www.instagram.com/p/CtCgcPcIqnS/?igshid=MzRlODBiNWFlZA==)
Officials in China sees AI as threat and calls for national security measures to tighten AI use policies in the country as it poses security risk to its country.
#awesme #somee #crypto #ai
[Image source](https://www.instagram.com/p/CtCgcPcIqnS/?igshid=MzRlODBiNWFlZA==)
11 0 0 276$0.14 - Bayberry - 杨梅 (yáng méi)
… had this tasty fruit while on my travels in China….
The bayberry is a fruit with an interesting, fur-like texture and a bright purplish-red color.
They are sweet and sour, like a mix between a strawberry, blackberry and a pomegranate. When eating, you can eat the whole berry, but be sure to clean it well and look out for insects.
Bayberry - 杨梅 (yáng méi)
… had this tasty fruit while on my travels in China….
The bayberry is a fruit with an interesting, fur-like texture and a bright purplish-red color.
They are sweet and sour, like a mix between a strawberry, blackberry and a pomegranate. When eating, you can eat the whole berry, but be sure to clean it well and look out for insects.
3 0 0 158$-0.19 - In 1991, during the 1st Persian Gulf War, investigative journalist Douglas Valentine traveled to Thailand and interviewed a group of legendary CIA officers who had helped run the secret war in Laos and other clandestine operations in the Indochina Wars.
In 1991, during the 1st Persian Gulf War, investigative journalist Douglas Valentine traveled to Thailand and interviewed a group of legendary CIA officers who had helped run the secret war in Laos and other clandestine operations in the Indochina Wars.
2 0 0 109
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