Bitcoin is Donald Trump's plan B if he fails to persuade the BRICS to stop their rebellion against the dollar.
Bitcoin is Donald Trump's plan B if he fails to persuade the BRICS to stop their rebellion against the dollar.
The US dollar is establishing itself as the leading currency of 2024, dominating the foreign exchange market without competition. While many global economies face challenges such as rapid inflation and geopolitical uncertainties, the greenback is showing its best performance in nearly a decade. This remarkable progress is based on several solid pillars: a robust US economy, attractive bond yields, and a monetary policy skillfully orchestrated by the Federal Reserve. Additionally, there is a global context characterized by the weakening of competing currencies, such as the yen and the euro, which are unable to compete with the supremacy of the dollar. This rise reflects the resilience of the United States but also highlights the economic fractures shaking the rest of the world.
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In the face of intensifying global economic tensions, the central role of the dollar in international exchanges is increasingly being called into question. At the heart of this upheaval, the BRICS nations are seeking to break free from this dependency by exploring alternative solutions. According to economist Jim Rickards, these countries already have an unofficial common currency: gold. This discreet yet strategic approach allows them to bypass the financial pressures exerted by the United States, particularly through economic sanctions. As the United States intensifies the use of the dollar as a geopolitical weapon, the BRICS are mounting a resistance that could redefine the rules of global trade. This strategy raises questions about the future balance of the international monetary system.
Is Donald Trump's blackmail toward the dollar a bad omen regarding his promise to create a strategic reserve of bitcoins?
In a new verbal escalation, Donald Trump, elected president of the United States, has shaken global markets. Indeed, he has threatened to impose 100% tariffs on the nations of the BRICS alliance. This statement comes in a tense economic context, where the dollar, a cornerstone of international trade, is increasingly being challenged by emerging powers. Such a challenge to the monetary status quo could well reshape the global geopolitical balance, but also lead to significant economic turbulence.
Global economic dynamics are evolving, and the hegemony of the US dollar seems to be wavering. Two influential members of the BRICS alliance, Russia and Iran, have just announced a major change: a complete abandonment of the dollar for their trade exchanges. While this decision reflects a desire for economic sovereignty in the face of external pressures, it could also pave the way for a profound upheaval of international financial balances.
Will the world stand by if the United States creates a strategic reserve of bitcoins?
The currency market is experiencing particularly marked turbulence in recent days, as the dollar continues to show spectacular strength against the euro. To the point that some analysts anticipate a critical threshold: parity between the two currencies. This dynamic, which represents a two-year peak, raises concerns among economists, businesses, and investors, with potential repercussions on the European and global economy.
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As global economic tensions redefine financial and political alliances, the role of the US dollar and potential alternatives is coming to the forefront. At the Valdai forum in Sochi, Vladimir Putin clarified Russia's stance on the use of the dollar in response to US sanctions that restrict its access to this currency. This statement is made in a global context where several nations, particularly within the BRICS, are exploring alternatives to the monetary dominance of the United States. Analyzing this Russian strategy, which combines pragmatism with the exploration of new economic options, helps to better understand the current issues and the prospects for a new international financial balance.
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The dominance of the dollar as the benchmark currency in international exchanges is today more questioned than ever. As geopolitical tensions and American economic sanctions multiply, several emerging powers are organizing to reduce their dependence on the greenback. It is in this context that Sergey LAVROV, the Russian Foreign Minister, and Donald TRUMP, the former President of the United States, find common ground in their criticisms of current policies. According to them, the systematic use of the dollar as a sanction tool undermines not only the American economy but also the position of the dollar on the international stage.
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