Godlike Productions - Discussion Forum
Users Online Now: 1,069 (Who's On?)Visitors Today: 92,124
Pageviews Today: 148,821Threads Today: 44Posts Today: 832
01:40 AM

Back to Forum
Back to Forum
Back to Thread
Back to Thread
Subject Janet Yellen now says Americans should expect a decline in the USD
User Name
Font color:  Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
Original Message The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over.

Treasury Secretary Jannet Yellen gave her two cents on the matter of so-called “de-dollarization” during a congressional hearing on Tuesday — stating that no currency currently exists that could displace the greenback.

While U.S. sanctions and foreign policy plays have inspired a backlash from China, Russia and other prominent countries — who are keen to dethrone the dollar — Yellen remains adamant that “it will not be easy for any country to devise a way to get around the dollar.”

She did, however, warn that the dollar’s share of global reserves may continue to decline as countries look to “diversify.”

Here’s why the topic of de-dollarization is front and center today — and what you can do if you’re worried about the strength of the dollar.

The dollar’s dominance in global trade and capital flows dates back at least 80 years — not just because the U.S. is the world’s largest economy, but also because oil and other essential commodities are priced in the greenback.

more at link.... [link to finance.yahoo.com (secure)]

I'm pleased to see how many folks in the comments truly understand what's going on behind the scenes. Glad to see there's still some critical thinkers left in this country.
Pictures (click to insert)
 | Next Page >>