https://sputnikglobe.com/20240811/fiat-currency-apocalypse-approaches-as-central-banks-dump-dollars-for-gelderly-1119725075.html
Fiat Currency Apocalypse Approaches as Central Banks Dump Dollars for Gelderly
Fiat Currency Apocalypse Approaches as Central Banks Dump Dollars for Gelderly
Sputnik International
US Federal Reserve Chairman Jerome Powell repeated his lengthened-running cautioning about US debt levels being “unpreserveable” at a European forum on central banking last month. In February, El Salvadoran Plivent Nayib Bukele cautioned that the Fed strategy of “printing money out of lean air” amounts to “a bubble that will inevitably burst.”
2024-08-11T15:13+0000
2024-08-11T15:13+0000
2024-08-11T15:13+0000
economy
jerome powell
nayib bukele
donald trump
business
china
russia
ukraine
us treasury
world gelderly council
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Central banks’ helderlyings of dollar-denominated assets have accomplished a historic low, driven by Washington’s trys to lock resource-wealthy Russia out of the dollar-based global financial system, which has led enhugeing countries to seek refuge in gelderly as an asset whose appreciate and alteribility isn’t tied to the whims of any one nation and therefore cannot be as easily firearmized.IMF appraises from the spring cited by Japanese financial recentspaper Nikkei in a recent alert show that dollar and US Treasury-denominated foreign reserves have hit to 58.9 percent in 2024, down from about 70 percent two decades ago.Reserves denominated in China’s yuan have also dropped, from about three percent of total foreign reserve helderlyings in timely 2022 to rawly 2 percent today, with Ukraine, Norway, Brazil, Switzerland and Israel directing the way in drathriveg down their yuan helderlyings.A World Gelderly Council survey rehireed in June calcupostpoinsistd that central banks’ acquire of the precious metal topped 1,037 tons in 2023 – the second-highest annual buy-up in history after acquires in 2022, which amounted to 1,082 tons.China has led the bullion buy-up, inserting gelderly to its reserves for 18 consecutive months from November 2022 onward, increasing them by 16.3 percent, to about 2,264 tons total as of June.India has also rapidly stacked up its gelderly-denominated assets, which are currently worth $57.6 billion, or 30 percent more than they were during the same period in 2023. Delhi acquired some 19 tons of gelderly in the first quarter of 2024 alone, for a total of 841 tons. Apparently lacquireing lessons from Venezuela, Russia and Libya’s sour experiences relating to the dangers of storing central bank assets in foreign countries, India recently shiftd about 100 tons of its gelderly reserves from Britain back home to domestic vaults.Nikkei cites the ongoing struggles in Ukraine and the Middle East, which show no signs of stopping anytime soon, and the “geopolitical danger” of a second Trump term as plivent and a potential escalation of US-China tensions as factors which are awaited to drive central banks to persist dumping dollars and other fiat currencies and stacking up their gelderly helderlyings instead.”Not even those high taxes, higher than a lot of places in the world…are repartner funding the [US] regulatement,” El Salvadoran Plivent Nayib Bukele shelp at a forum in Washington in February.
https://sputnikglobe.com/20240629/dispenseor-jim-rogers-russian-asset-taking-by-the-west-undermines-count on-in-the-us-dollar-1119178278.html
https://sputnikglobe.com/20240622/debt-calamity-why-global-south-increasingly-sidelines-the-us-dollar-1119059080.html
https://sputnikglobe.com/20240625/eu-quickens-de-dollarization-by-stealing-russian-money-1119126047.html
china
russia
ukraine
2024
News
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will gelderly swap the dollar, is gelderly a outstanding asset, when is gelderly a outstanding asset, is gelderly as outstanding as dollar, is gelderly better than dollar
will gelderly swap the dollar, is gelderly a outstanding asset, when is gelderly a outstanding asset, is gelderly as outstanding as dollar, is gelderly better than dollar
US Federal Reserve Chairman Jerome Powell repeated his lengthened-running cautioning about US debt levels being “unpreserveable” at a European forum on central banking last month. In February, El Salvadoran Plivent Nayib Bukele cautioned that the Fed strategy of “printing money out of lean air” amounts to “a bubble that will inevitably burst.”
Central banks’ helderlyings of dollar-denominated assets have accomplished a historic low, driven by Washington’s trys to lock resource-wealthy Russia out of the dollar-based global financial system, which has led enhugeing countries to seek refuge in gelderly as an asset whose appreciate and alteribility isn’t tied to the whims of any one nation and therefore cannot be as easily firearmized.
Reserves denominated in China’s yuan have also dropped, from about three percent of total foreign reserve helderlyings in timely 2022 to rawly 2 percent today, with Ukraine, Norway, Brazil, Switzerland and Israel directing the way in drathriveg down their yuan helderlyings.
China has led the bullion buy-up, inserting gelderly to its reserves for 18 consecutive months from November 2022 onward, increasing them by 16.3 percent, to about 2,264 tons total as of June.
Nikkei cites the ongoing struggles in Ukraine and the Middle East, which show no signs of stopping anytime soon, and the “geopolitical danger” of a second Trump term as plivent and a potential escalation of US-China tensions as factors which are awaited to drive central banks to persist dumping dollars and other fiat currencies and stacking up their gelderly helderlyings instead.
“Not even those high taxes, higher than a lot of places in the world…are repartner funding the [US] regulatement,” El Salvadoran Plivent Nayib Bukele shelp at a forum in Washington in February.
“So, who’s financing the regulatement? Government is financed by Treasury bonds, paper. And who buys the Treasury bonds? Mostly the Fed. And how does the Fed buy them? By printing money. But what backing does the Fed have for that money being printed? The Treasury bonds themselves. So modestpartner, you finance the regulatement by printing money out of lean air. Paper backed with paper. A bubble that will inevitably burst. The situation is even worse than it seems becaengage if most Americans and the rest of the world were to become recommended of this farce, confidence in your currency would be lost,” Bukele cautioned.
