✴️🇺🇸#dedollarization #USD #fx #crypto #us #macro #opinion
the real threat to the US dollar doesn't come from the new BRICS currencies, but from digital dollar-backed stablecoins and other tokenized cryptocurrencies. Crypto "dollars" won't collapse the global financial system, but they could disrupt the cozy greenback-based settlement system. A separate threat comes from Hong Kong-based cryptocurrency companies and exchanges with direct ties to the Chinese Communist Party (CCP), which has long sought to overthrow the US dollar.
#debt weakening of the dollar's dominance in global trade and finance will lead to an increase in the cost of funding the extensive US debt.
— FT
the real threat to the US dollar doesn't come from the new BRICS currencies, but from digital dollar-backed stablecoins and other tokenized cryptocurrencies. Crypto "dollars" won't collapse the global financial system, but they could disrupt the cozy greenback-based settlement system. A separate threat comes from Hong Kong-based cryptocurrency companies and exchanges with direct ties to the Chinese Communist Party (CCP), which has long sought to overthrow the US dollar.
#debt weakening of the dollar's dominance in global trade and finance will lead to an increase in the cost of funding the extensive US debt.
— FT
⚠️🇺🇸#debt #default #us
US debt will become unsustainable and trigger default in about 20 years if it doesn't change course — Penn Wharton
US debt will become unsustainable and trigger default in about 20 years if it doesn't change course — Penn Wharton
⚠️🇨🇳🇺🇸#bonds #us #china #debt
China is selling off US government debt at a record pace.
meanwhile, the volume of dollar assets in China's reserves has remained unchanged since 2015, amounting to approximately $2T — research
China is selling off US government debt at a record pace.
meanwhile, the volume of dollar assets in China's reserves has remained unchanged since 2015, amounting to approximately $2T — research