GLOBAL DE-DOLLARIZATION WAVE: China, Japan, &UK’s CLEARING of US Bonds SPARKS ALARM | AsianQuickTake

Welcome to Asian QuickTake, where I, Jacob, provide insightful analysis on world politics and economic trends. In this video, we delve into the escalating movement of global de-dollarization. As reports from July 29th indicate, Bolivia is actively reducing its reliance on the US dollar and embracing the Chinese Yuan (Renminbi) for trade. This comes as Bolivia follows the growing international trend of using the Renminbi in foreign commerce, driven by China’s status as a major exporter. Bolivia’s efforts to conduct Renminbi transactions through state-owned banks and promote its use in international trade highlight its determination to mitigate exchange rate volatility and trade costs. Moreover, we explore the Renminbi’s rising influence in the Latin American economic landscape, with Bolivia becoming the 122nd country to announce de-dollarization. Other Latin American nations, such as Argentina and Brazil, have also adopted the Renminbi in various transactions, indicating a broader recognition of its viability as an alternative to the US dollar. As Japan considers moving away from long-standing monetary stimulus policies, there could be significant changes in global financial markets, with potential repercussions for US Treasury bonds. Several countries, including Japan, the UK, Canada, Switzerland, and Europe, have formed a joint group to develop a digital currency, signaling their commitment to de-dollarization. China, the largest international seller of US bonds over an extended period, is also reducing its exposure to the US dollar. Through trade agreements and settlement in Renminbi, China seeks to bolster the global standing of its currency and reduce reliance on the US dollar for trade purposes. In Vietnam, dollar financing presents challenges as its wealth surplus faces potential depletion due to the Federal Reserve’s ongoing rate hikes and tapering. The warning signs of de-dollarization are evident, underscoring the importance of reducing reliance on the US dollar to navigate the Federal Reserve’s currency cycles. The trend of global de-dollarization is reshaping the global economic landscape, as countries seek alternatives to diversify their economic strategies and reduce dependence on US dollar hegemony. While challenges and resistance may arise, the momentum of global de-dollarization is undeniable, with profound implications for global economic balance and stability. Join us as we delve deeper into the implications of global de-dollarization and its impact on the world’s economic order. Your thoughts and opinions are valuable, so please share them in the comments below. Don’t forget to like, subscribe, and enable the bell notification to stay informed with Asian QuickTake. See you in the next video. 💯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.