by Illuminati_MMXX
- The United States Dollar has been the worst performing currency of the G-10 countries over the past month.
- The United States Dollar has lost more than 10% of its value in the last 6 months comparatively.
- France’s (the 2nd richest country in the European Union) Emmanuel Macron stated recently that “international dependence on the USD should be reduced”.
- The BRICS (Brazil, Russia, India, China, and South Africa) make up approximately 25% of the world’s gross domestic product altogether and are in the process of forming a “BRICS” currency to avoid the USD.
- The uncontrollable inflation caused by the unlimited printing of the USD by the unregulated, unaudited, and money-hungry Federal Reserve has caused the USD to lose respect throughout the globe.
What happens to the USA empire if the USD loses its global currency reserve status?
Articles:
2023 is just getting started…
The use of Chinese yuan in foreign-exchange swaps underwent the second-largest quarterly surge at the end of March, as more countries transacted in the currency, Bloomberg reports.
In the first quarter, swap line balances accounted for 109 billion yuan, or 20 billion more than the previous quarter, according to cited data from the People’s Bank of China. That’s equivalent to $15.6 billion.
These are arrangements that allow central banks to exchange one another’s currencies, guaranteeing to return the money for the same exchange rate at a future date, with interest.
Countries may do this when needing to inject liquidity into their domestic banking system. Bloomberg notes that Argentina turned to swaps in April to counteract a major sell-off in its peso.