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This compilation of financial-related insights includes videos from Tech Revolution, Michael Cowan, Wall Street Silver, and John Williams.
Tech Revolution shares news of Qatar’s move to dump the dollar and join forces with Russia and Saudi Arabia. Michael Cowan shares a critical message to all investors. Peter St Onge on Wall Street Silver talks about Congress rejecting CBDCs yet the Fed continues to build it. John Williams mentions the Fed’s plan on interest rates.
Tech Revolution
Aug 26, 2023
In a world where the tides of trade are shifting, a bold and unprecedented move is making waves on the global stage. Qatar, a nation rich in culture and innovation, is rewriting the narrative of international trade. A historic partnership is forming, as Qatar and Russia join forces to forge a new path in economic relations.
The once mighty dollar, now questioned and challenged, takes a backseat to a fresh contender. Witness the birth of a financial revolution, where innovation meets tradition, and a nation dares to embrace a new era of prosperity.
So, let’s first take a stroll through history, shall we? After World War II, the US had this fantastic economy going on, and that led to the US dollar becoming the star of the show, the world’s top-dog currency.
This meant tons of countries stocked up on US dollars and used them for trading and financial stuff. It was like the US had this superpower status in the global economy. But guess what’s been happening lately?
There’s this trend called “de-dollarization” making the rounds. Loads of countries are trying to be less buddy-buddy with the US dollar when they do international business. Now, why’s that?Well, first, some countries are feeling a bit on edge about the US economic game plan.
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Like, imagine if the US decided to put trade restrictions or give sanctions, countries super tied to the dollar might get caught in a sticky situation. Next up, we’ve got the rollercoaster of exchange rates.
Currencies can be all over the place, and if you’re hanging on to a bunch of US dollars when the value goes wild, you’re in for a ride. Mixing up the currency menu can help smooth out the bumps.
Oh, and let’s not forget the geopolitics. Also, some countries are in tight buds with other regions, and it just makes more sense for them to use a different currency for their trade and investments. To tackle this trend, some countries are shaking hands on deals to trade in their currencies or others, skipping the whole US dollar dance.
This could slowly change the way the financial world looks and maybe even give the US dollar a bit of a nudge from its top spot. Keep in mind, though, this de-dollarization thing isn’t a quick fix. The US dollar is pretty rooted as the big cheese of global reserve currencies, so making changes would be like a marathon, not a sprint.
But hey, all of this shows how the global economy is always on the move, and countries are doing their best to keep their financial futures steady in this big, interconnected world.
Now let us review this meeting that went down in June.
Russian Prime Minister Mikhail Mishustin and Qatar’s Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani got together to chat about something pretty intriguing.
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They tossed around the idea of using their currencies, the ruble and riyal, for payments. Prime Minister Mishustin was all about this move, saying it’s gonna jazz up the launch of some fresh new joint projects.
Now, let’s take a step back and look at the bigger picture. Trade between Russia and Qatar has been chugging along nicely, even in the face of some global economic challenges. In the first four months of the year, they racked up over 1.5 billion rubles, which is nearly 70 million Qatari riyals. Not too shabby, right?
What’s neat is that this smooth trading dance is backed by a rock-solid strategic partnership, especially in the energy world. See, Qatar’s Investment Authority has its fingers in the pie of the Russian energy heavyweight, “Rosneft”. It’s like they’re playing the long game together.
Russia isn’t the only one thinking about giving the US dollar a bit of a break. In an interview, Dmitry Dogadkin mentioned that they’re working on spicing up trade with Qatar by switching to their currencies.
The plan is to dial up the diversity and move away from relying too much on the US dollar. It’s like a financial flavor burst.This idea of moving away from the US dollar is starting to catch on around the world. Recently, India and Indonesia high-fived and decided to use their local currencies in their trade talks.
Even Iraq hopped on the train, saying they’ll trade with China using Yuan for the first time. Change is in the air, my friend.
Michael Cowan
Aug 26, 2023
URGENT Critical Message To All Investors
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Wall Street Silver
Aug 26, 2023
The Wall Street Journal’s warning of a potential ‘Lehman moment’ in China’s financial markets has everyone on edge. As China’s GDP growth takes a ‘downward spiral,’ major analysts are slashing forecasts. With over half of its economy in distress, manufacturing stagnating, and home builders collapsing, is China facing a crisis worse than in 2008? Join us as we dissect the mounting problems and unravel the truth behind China’s economic turmoil.
ThisisJohnWilliams
Aug 26, 2023
Breaking: Fed Plan on Interest Rates | Dollar Meets Black Swan Event
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