964 Tons of Gold Purchased as US Asks for Bond Buying.

Welcome to AsianQuicktake, your premier destination for comprehensive world geopolitical news and analysis. In this eye-opening video, we delve into the escalating concerns regarding the supremacy of the U.S. dollar, as the U.S. federal debt skyrockets to nearly $32.5 trillion. This unprecedented level of debt has led to doubts about the future stability of the U.S. dollar, prompting several countries to take proactive steps to reduce their reliance on it. As we navigate through the intricate web of global economic dynamics, we uncover the remarkable efforts of countries worldwide to challenge U.S. hegemony. The mounting uncertainty surrounding the U.S. dollar has set in motion a wave of transformation, with central banks accelerating their liquidation of U.S. Treasury bonds. This strategic move aims to shake the very foundations of the U.S. debt-based economy and weaken the currency dividend of the dollar. One of the pivotal aspects of this transformation is the rising prominence of digital currencies. Central banks from both emerging and developed economies are projected to issue their own digital currencies by 2030. These digital currencies are anticipated to be applied in commodity trade settlements, fueling a growth of 35% over the past five years. Additionally, some economies have even ventured into issuing digital currencies backed by strategic resources such as oil, diamonds, and gold. Intriguingly, the South African Reserve Bank recently announced successful testing of its central bank digital currency pilot project, Khokha, signaling a pivotal step in this global shift. Nations like Japan, New Zealand, France, and Germany are also actively exploring the issuance of digital currencies. China’s digital currency, the renminbi, has emerged as one of the most advanced initiatives globally. As China’s gold holdings and international reserves increase, the global market edges closer to moving away from the dollar. This trend is further reinforced by the emergence of a gold-backed digital reserve currency proposed by oil-producing countries. Notably, a group of countries, including China, Russia, India, Brazil, and South Africa, may announce the launch of a joint currency at the Johannesburg Summit. This ambitious plan involves creating a new development bank as a clearing center and introducing a trade settlement digital currency anchored to gold. This strategic move may establish a new global trade settlement standard, bypassing or running parallel to the dollar. In conclusion, the supremacy of the U.S. dollar is undergoing a profound transformation. The rapid rise of digital currencies and the strategic accumulation of gold reserves are reshaping the global economic order. Amid this transition, the world must recognize the trend of declining dollar hegemony and adapt with timely adjustments and measures. Join us in this insightful exploration of the dynamic shifts in the global economic landscape, as we shed light on the factors influencing the future of the U.S. dollar and its potential implications for countries worldwide. Tags: U.S. federal debt, U.S. dollar, digital currencies, gold reserves, global economic order, de-dollarization, U.S. Treasury bonds, dollar hegemony, global financial system, AsianQuicktake, geopolitical news, central bank digital currencies, oil-producing countries, alternative currency, financial reputation, U.S. credit market, global digital currency order, Shanghai Gold Exchange, dollar constraints, petrodollar system, international reserve assets, economic transformation. 💯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.