Global Economic Instability: The Interconnectedness of Banking and De-Dollarization.
TL;DR Summary
The global use of the US dollar as a currency may decline further to 40-45% within the next 2-3 years, leading to an economic catastrophe for the US. De-dollarization, which is the replacement of the US dollar by other currencies, is one of the main reasons for the upcoming recession. The value of the US dollar is now dependent on its global demand and not on the assets held by the American government. The global trade of the US dollar has declined by over 20% in the last four years alone, and the Euro is now having an upper hand.
Topics:business#bretton-woods-agreement#de-dollarization#economic-collapse#economics#global-trade#us-dollar
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