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Janet Yellen now says Americans should expect a decline in the USD

 
Anonymous Coward
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06/17/2023 10:20 AM
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Janet Yellen now says Americans should expect a decline in the USD
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.
Anonymous Coward
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06/17/2023 10:24 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
stating that no currency currently exists that could displace the greenback.
 Quoting: Anonymous Coward 84189022


It's so cute watching them flounder and try to catch a breath.
Anonymous Coward
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06/17/2023 10:31 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
One can safely invest in the OPPOSITE of what this SEA HAG recommends
Anonymous Coward
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06/17/2023 10:35 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
stating that no currency currently exists that could displace the greenback.
 Quoting: Anonymous Coward 84189022


It's so cute watching them flounder and try to catch a breath.
 Quoting: Anonymous Coward 85972064


hesright

The Bollshiivix losing their grip.
Anonymous Coward
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06/17/2023 10:36 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
The economy is imploding.

You'll see the occasional story telling the truth, and many people are starting to feel it personally now, but it will get much much worse in the coming year.

Home foreclosures are skyrocketing now - [link to www.wfla.com (secure)]

Car repossessions are skyrocketing now - [link to www.nbcnews.com (secure)]

Interest rates are adding fuel to the fire by making borrowing money prohibitively expensive for > 60% of Americans (another rate hike will happen in July).

It's the "slow boiling a frog" scenario.

Brace yourselves, because between economic meltdowns and the upcoming war between NATO/US vs. Russia/China, things are about to go from crazy to worse.
Anonymous Coward
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06/17/2023 10:37 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
This Yitzak is just sad.

Not on original thought, idea or concept; and completely in over her head.

Just like Larry Summers was for Obama.
Anonymous Coward
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06/17/2023 10:39 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
That

J

E

W
Bitch

Better start buying land in Israel.
Anonymous Coward
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06/17/2023 10:43 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Thanks, j people!

Thank you ever so much, for all you have done!

hfhfhfhfhf
Anonymous Coward
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06/17/2023 11:01 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
This is a direct result of Joe Bribem's sanctions. The world is moving off the petrodollar standard so those creeps can keep their vigs in corrupt Ukraine.
Anonymous Coward
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06/17/2023 11:03 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Translation: More than 1 Reserve Currency on Earth.
Anonymous Coward
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06/17/2023 11:07 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
It's good to be poor.
Anonymous Coward
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06/17/2023 11:11 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
As the world slowly turns away from the Dollar for it's transactional needs, because we FORCED IT TO with shutting of Swift access to country after country, this should be of no surprise to anyone.

If countries can NOT use the Dollar to trade with because of US embargoes and Swift cut offs of course they are going to find alternative currencies ... and the demand for Dollars is going to decline, eventually turning into a waterfall decline.
Anonymous Coward
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06/17/2023 11:11 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Thanks, j people!

Thank you ever so much, for all you have done!

hfhfhfhfhf
 Quoting: Anonymous Coward 72966725










siren2 ratdance siren2
Anonymous Coward
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06/17/2023 11:12 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Anonymous Coward (OP)
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06/17/2023 11:21 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
 Quoting: Anonymous Coward 84377941


Disgusting.
Anonymous Coward
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06/17/2023 11:28 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Anyone in the Chicagoland area notice all the 'anti semitism' bill boards lately? Noticed one on the Edens last month and others on 294 and 90 even more recently. Something tells me the people are waking up to the true threat this country faces.
Anonymous Coward
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06/17/2023 11:29 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
 Quoting: Anonymous Coward 84377941


Disgusting.
 Quoting: Anonymous Coward 84189022


Where would we be be without them?

hf
Anonymous Coward
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06/17/2023 11:31 AM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Anyone in the Chicagoland area notice all the 'anti semitism' bill boards lately? Noticed one on the Edens last month and others on 294 and 90 even more recently. Something tells me the people are waking up to the true threat this country faces.
 Quoting: Anonymous Coward 84974266


Well said.
themessengernevermatt​ers

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06/17/2023 12:12 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
stating that no currency currently exists that could displace the greenback.
 Quoting: Anonymous Coward 84189022


It's so cute watching them flounder and try to catch a breath.
 Quoting: Anonymous Coward 85972064


hesright

The Bollshiivix losing their grip.
 Quoting: Anonymous Coward 82093281


They aren't losing their grip retard. They still have it firmly on the back of the US's neck as they are smashing it's head into the concrete. This isn't them losing power, this is them using their power to destroy nationalism. All nations are being eradicated. We are already all in the NWO, we have been for a long time. Now they are just liquidating their assets.

Last Edited by themessengernevermatters on 06/17/2023 12:13 PM
“The rules are simple: they lie to us, we know they're lying, they know we know they're lying, but they keep lying to us, and we keep pretending to believe them.”

Elena Gorokhova, A Mountain of Crumbs
Anonymous Coward
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06/17/2023 12:16 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
 Quoting: Anonymous Coward 84377941


MAKE AMERICA GENTILE AGAIN

98% of us are NOT (rhymes with shoes) and our government is SUPPOSED to be representative of US.

DO NOT pay into this system, find a way to be a drain on it.
Anonymous Coward
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06/17/2023 12:18 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
stating that no currency currently exists that could displace the greenback.
 Quoting: Anonymous Coward 84189022


It's so cute watching them flounder and try to catch a breath.
 Quoting: Anonymous Coward 85972064


hesright

The Bollshiivix losing their grip.
 Quoting: Anonymous Coward 82093281


They aren't losing their grip retard. They still have it firmly on the back of the US's neck as they are smashing it's head into the concrete. This isn't them losing power, this is them using their power to destroy nationalism. All nations are being eradicated. We are already all in the NWO, we have been for a long time. Now they are just liquidating their assets.
 Quoting: themessengernevermatters


Yeah, but the Chinese don't believe in their "god", their "supremacy" or any of their horseshit and they have NO INTENTIONS of allowing them to lord over them.
Anonymous Coward
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06/17/2023 12:28 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
stating that no currency currently exists that could displace the greenback.

 Quoting: Anonymous Coward 84189022


At the moment only the EURO comes close, but that is generally correct. Most currencies are crap compared to the dollar and it's probably going to remain that way for a very long time despite the incompetence of the FED.
Anonymous Coward
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06/17/2023 12:31 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
stating that no currency currently exists that could displace the greenback.

 Quoting: Anonymous Coward 84189022


At the moment only the EURO comes close, but that is generally correct. Most currencies are crap compared to the dollar and it's probably going to remain that way for a very long time despite the incompetence of the FED.
 Quoting: Anonymous Coward 32095029


Economic transitions aren't quiet, peaceful, stable events. If any currency rose to the point it could challenge the USD the USA would crush it, that's why no such currency exists so far. Now the USA doesn't have the economic power to crush an opposing rising currency, an opposing currency will rise. When it does, it won't be pretty. Well, not for us at least. I imagine the Chinese will be having a grand old time.
Anonymous Coward
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06/17/2023 06:52 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
 Quoting: Anonymous Coward 84377941


MAKE AMERICA GENTILE AGAIN

98% of us are NOT (rhymes with shoes) and our government is SUPPOSED to be representative of US.

DO NOT pay into this system, find a way to be a drain on it.
 Quoting: Anonymous Coward 85969896


ACCELERATE!!
Anonymous Coward
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06/17/2023 07:07 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
This is a direct result of Joe Bribem's sanctions. The world is moving off the petrodollar standard so those creeps can keep their vigs in corrupt Ukraine.
 Quoting: Anonymous Coward 80949300


yup.
this is a direct result of Biden's war.

it's also why Federal debt interest is rocketing up from
$500 billion to $1.5 trillion.



.
Banana Milk Sauce

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06/17/2023 07:54 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Janet Jewellen
Anonymous Coward
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06/17/2023 07:58 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Just look at the dollar chart, it's going down like the Titanic.
Anonymous Coward
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06/17/2023 08:01 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
This is a direct result of Joe Bribem's sanctions. The world is moving off the petrodollar standard so those creeps can keep their vigs in corrupt Ukraine.
 Quoting: Anonymous Coward 80949300


yup.
this is a direct result of Biden's war.

it's also why Federal debt interest is rocketing up from
$500 billion to $1.5 trillion.



.
 Quoting: Anonymous Coward 73731335


Biden is a symptom.

j control of The USA is the disease.
Anonymous Coward
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06/17/2023 08:01 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
Anyone in the Chicagoland area notice all the 'anti semitism' bill boards lately? Noticed one on the Edens last month and others on 294 and 90 even more recently. Something tells me the people are waking up to the true threat this country faces.
 Quoting: Anonymous Coward 84974266


Well said.
 Quoting: Anonymous Coward 77659248


They're pushing the antisemite narrative hard. People can't fucking stand them .
Anonymous Coward
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06/17/2023 08:03 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
This is a direct result of Joe Bribem's sanctions. The world is moving off the petrodollar standard so those creeps can keep their vigs in corrupt Ukraine.
 Quoting: Anonymous Coward 80949300


Hesright
Anonymous Coward
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06/17/2023 08:05 PM
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Re: Janet Yellen now says Americans should expect a decline in the USD
She did, however, warn that the dollar’s share of global reserves may continue to decline as countries look to “diversify.”

 Quoting: Anonymous Coward 84189022


Diversity, huh? I guess that’s another way of saying “dropping the dollar like a bad habit.”

Pretty retarded, Janet..

epiclol





GLP