The US dollar hegemony is being challengedTwo states in the United States declared ** and ** as legal tender, does this mean a counterattack of the gold standard?The hegemony of the US dollar is gradually collapsing, does this mean that the global financial markets will undergo a huge transformation?
What do you need to meet if you want to control the global financial markets?One of the easiest ways to do this is to have other countries use the currency you issue, which is called "minting rights". The hegemony of the dollar used to be so powerful and rampant
But as the United States continued to die, the debt was larger than the reserves and assets, and the absolute hegemony of the dollar eventually collapsed. The importance of gold and silver has been highlighted again, and more and more places** believe that a new round of disintegration of the hegemony of the dollar may occur at any time. Recently,
The U.S. states of Oklahoma and Missouri passed resolutions to eliminate capital gains taxes on ** and ** sales and to make ** and ** legal tender in the state. This means that the status of gold and silver as legal tender in the United States is being rebuilt.
It was also an important turning point in breaking the Fed's monopoly on money. The advantage of this is that American investors who hoard gold and silver find that their property, purchasing power, will not be affected by the Fed's monetary policy. Gold and silver became a powerful tool to avoid currency depreciation.
For the Fed, the cancellation of capital gains tax in two new states is undoubtedly a "backstab" to the Fed. For global financial markets, the Fed is still responsible for regulating the supply and demand of domestic and international currencies in the United States. In recent years,
The sovereign credit rating of the United States has been downgraded twice. Countries around the world have not seen the United States take action to solve the debt problem. The current total US debt is already as high as $34 trillion and is rising at a very fast pace.
Central banks around the world have reduced their trust in the dollar. In the coming years, US spending will continue to increase, and the debt crisis is not likely to be resolved. The United States was much more powerful in history than it is now, and the United States has experienced the crisis of dollar hegemony more than once in history.
If the United States and the Federal Reserve do not face up to the US debt crisis, not only will the dollar not be trusted by all countries in the world, but the US states will also frantically "backstab" the Fed and even dismantle the hegemony of the US dollar, as they do today.
Gold and silver are regaining their place in the monetary system, what does the future hold for the hegemony of the dollar?These are important issues before us. Article Debut Challenge [Sakura Wolf Finance].