PETRO-GOLD INSTEAD! 30 Nations have ESTABLISHED Financial Settlement Systems.|AsianQuicktake

The US economy is on the verge of defaulting on its debt, causing a tightening of credit conditions and a backlash against the dollar and US bonds. White House economists have warned that long-term default could send the US economy into a deep recession, destabilize the US financial system based on US government bonds, and possibly even ferment into a Black Swan event, resulting in the third US dollar crisis. This situation could further damage the reputation of the US Treasury market as the safest and most liquid asset in the world. As a result, some countries are considering accelerating de-dollarization or continued liquidation of US debt. The global trend towards de-dollarization has suddenly accelerated since the Russia-Ukraine conflict and the Federal Reserve’s implementation of unlimited money supply and large-scale growth of its assets. According to a Goldman Sachs analyst report on May 9th, the number of reports on de-dollarization and some important milestone events have surged this year, reversing the supreme position of the dollar and even surpassing the situation at the beginning of the Russia-Ukraine conflict in early 2022. Countries expressing dissatisfaction with the overuse of the dollar as a tool to restrict other countries’ economies and financial systems have promoted the process of de-dollarization. Currently, more and more countries are considering and experimenting with non-dollar currencies for settlement. More than half of the world’s economies are also moving from behind the scenes to the forefront, accelerating the weakening of the dollar’s role, including China and US allied countries. China is leading the de-dollarization process and taking measures to accelerate it, including currency swaps, using non-dollar oil currencies, digital currencies, selling US bonds, and increasing gold reserves in five key areas. The dollar’s abuse of its currency status and the Federal Reserve’s irresponsible monetary policy have also prompted US allies including Europe and Saudi Arabia to shift away from the dollar in the commodity trading sector, particularly in US government bonds and oil currencies. Recent events indicate that the trend towards confronting US dollar hegemony is accelerating. Emerging and oil-producing countries, as well as developed countries such as Germany, France, and Israel, are accumulating renminbi reserves and beginning to use the renminbi for trade. For example, Pakistan and India have chosen to purchase Russian oil using renminbi, while the renminbi’s share in Iran’s foreign reserves has exceeded 22%. Meanwhile, Malaysia, Argentina, and Thailand have also announced that they will stop using the dollar to pay for imported goods and switch to settling in renminbi. In addition, China, France, and the UAE have completed the first liquefied natural gas trade in renminbi, ending European countries’ reliance on the oil dollar. 💯TOP 3 Video Swiss Sells $36.4 billion U.S. Treasuries ▶ Africa Rejects US’ Blank Check ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.