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This compilation of financial-related insights includes videos from Sean Foo, Gregory Mannarino, Mike Maloney, and Tech Revolution.
Sean Foo talks about US banks being downgraded and the banking crisis confirmed. Gregory Mannarino says to keep your eyes on the MMRI and says there’s 100% fake data. Mike Maloney warns that we’re in deep trouble. Tech Revolution reports more countries are cutting ties with the US Dollar.
Sean Foo
Aug 10, 2023
Moody’s just downgraded 10 U.S. regional banks signalling that the banking crisis is far from over. As interest rates go up and stay high, this is putting tremendous pressure on the regional banks. Profits are down and confidence is shaken. Here’s what you must know and who the big winners will likely be!
Gregory Mannarino
Aug 10, 2023
ARE YOU READY TO BE PROPAGANDIZED? 100% FAKE DATA… Keep Your Eyes On The MMRI! Mannarino
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GoldSilver (w/ Mike Maloney)
Premiered Aug 10, 2023
“We are in trouble…this is some pretty deep doo-doo. Give them an inch, and they’ll take a mile. But they’ll take that mile inch-by-inch so that you don’t notice” – Mike Maloney
Tech Revolution
Aug 10, 2023
Have you heard about the changes happening with the US dollar? It used to be the big player, no doubt about it. But now, things are shifting, and its top position is facing some challenges. Countries all around the world are looking for alternatives because of certain political events that have created uncertainties.
Last year, the dollar’s market share as a reserve currency took a surprising hit, and analysts can’t stop talking about it. It’s a big deal, and people are wondering why this is happening and what it could mean for the global economy.
In today’s video, we’ll dive into this interesting situation. The once mighty US dollar is facing an uncertain future as other currencies gain importance. It’s definitely something to keep an eye on, as it could have far-reaching effects. Let’s see how it all unfolds!
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According to financial experts, the US dollar’s status as the world’s reserve currency is facing significant challenges. Last year, its share in global reserves dropped more than expected, losing about 11% of its market share since 2016.
Events, like the Russia-Ukraine war, played a role in this decline as some countries started looking for alternatives to the dollar. Although the dollar is still the dominant international currency, smaller nations are exploring “de-dollarization,”.
Countries like China and India are promoting their currencies for trade settlement. People are worried about the dollar being used as a political tool to impose sanctions, which is raising some concerns.
While the dollar’s position as a reserve currency isn’t in immediate danger because of the strong US financial markets, some experts believe things could change in the future.They’re suggesting that investors keep an eye on the growing reluctance in some parts of the world to rely solely on the dollar.
So, the global financial landscape is evolving, and the pursuit of alternatives to the dollar is an important topic that policymakers and investors should consider carefully. It’s a complex issue, for sure.
Are you aware that some countries are actually thinking about moving away from a dollar-dominated global economy. It’s got a few reasons behind it. First off, people are concerned about the impact of US monetary policies on the world economy.
Since the US dollar is the world’s reserve currency, whatever they do with it can affect other nations’ economies too. That’s a lot of power.Then, there’s the issue of the strong US dollar creating challenges for emerging economies.
When the dollar is strong, it makes imports more expensive for these countries, and they’re on the lookout for alternatives. And guess what? The way global trade and oil demand are diversifying is putting the petrodollar at risk.
You know how the dollar has been the go-to currency for trading oil? Well, that’s changing now with shifts in the oil market and geopolitical stuff. All these factors are making countries explore different options. They’re thinking about using their own currencies for trade settlement or even creating new trade-settlement currencies.
It’s a complex economic landscape out there, and people are carefully analyzing and considering their next moves. There are uncertainties and opportunities ahead, and it’ll be interesting to see how things unfold.
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Speaking of opportunities, have you heard about India and Argentina’s recent moves in the financial world? According to experts, India has been buying Russian oil using yuan since June, and two of its private refiners are doing the same.
But that’s not all. Argentina has also taken a big step by repaying $2.7 billion of foreign debt to the International Monetary Fund in yuan. It’s the first time the country has settled foreign debt using the Chinese currency.
And that’s not all, Argentina’s central bank has even included the yuan in its banking system, allowing domestic financial institutions to open yuan savings accounts. Looks like the financial cooperation between China and Argentina is getting deeper this year.
They’ve been using yuan for trade settlements since April, and in June, they renewed their currency swap agreement, doubling the free-use quota. Argentina even approved the issuance of renminbi-settled securities products in their local market.
Using local currencies for settlement can really help both countries. It reduces exchange costs and risks, making bilateral trade smoother.
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All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
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