CIRCUMVENT THE DOLLAR! Japan & Iran Plan To Use Digital Currencies For Energy Trade.|AsianQuickTake

In this episode, we delve into the shifting dynamics of global finance and the challenges to the dominance of the U.S. dollar. Tags: U.S. Dollar, Global Economy, Federal Reserve, De-dollarization, Gold Standard, Digital Currencies, Central Banks, Economic Trends, Financial Markets. As of September 15, 2023, data from the Federal Reserve Rate Watch Tool suggests the market’s anticipation of a possible rate cut by the Federal Reserve in June 2024, with a diminishing probability of a rate hike in the near term. This has led to rising U.S. Treasury yields and a notable decline in demand during recent auctions. The ongoing trend of de-dollarization is gaining momentum globally as countries seek alternatives to the U.S. dollar. Safe-haven assets like gold are regaining prominence, particularly in the face of economic uncertainty. Analysts are observing a “monetary separation“ from the U.S. dollar, with the potential emergence of digital central bank currencies backed by commodities like gold. Middle Eastern oil-producing nations are exploring gold-backed digital currencies for cross-border settlements, signaling a shift away from the petrodollar system. Oil-exporting countries, including Iran and the UAE, are converting a portion of their oil revenues into gold, reducing dependence on the U.S. dollar. Iran plans to issue a digital gold coin called “PayMon“ anchored to physical gold for cross-border transactions, potentially accepted by central banks worldwide. Russia is planning to use gold for oil settlements and has launched the Oil Gold Settlement System, further challenging the petrodollar. China has been increasing its gold reserves for ten consecutive months, reflecting a broader trend of central banks worldwide net-increasing their gold reserves. The accumulation of gold in various countries can be seen as a component of a de-dollarization strategy, potentially reshaping the global currency system. Japan, a significant U.S. creditor, is also considering measures to reduce its U.S. Treasury holdings and diversify international assets, including increasing its gold reserves. Economist Nouriel Roubini warns of a series of challenges facing the United States, including economic recession, financial market collapse, and debt default, which could threaten the dominance of the U.S. dollar. Your input and viewpoints are valuable to us, so please share your thoughts in the comments section below. If you found this content informative, remember to subscribe and enable notifications for more content like this. See you next time! 💯TOP 3 Video China Shocks Yellen With Massive Selling of U.S. Bonds and Buying of Gold ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ Swiss Sells $36.4 billion U.S. Treasuries ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ 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.