19 March 2023 (13:36-UTC-07 Tango 06) 28 Esfand 1401/26 Sha’ban 1444/28 Yi-Mao 4721/19 марта 2023 года
It is starting to look like the United States (U.S.) returning to ‘isolationism’ is a good thing, if that also includes the U.S. Dollar (USD). Banks might not like the raising of U.S. interest rates, and it is part of the reason for collapse of the big banks, but for the working class within the U.S. in the long run it could result in the manufacturing industry returning hundreds of thousands of jobs to the U.S. In other words, destroying the global use of the USD could restart the domestic economy of the U.S.
bdnews24: Former Bangladesh ambassador to China says the globalized economy needs alternatives to the USD.
KITCO News: Is inflation caused by the decline of the use of the USD globally (Global Monetary Reset)? The rest of the World calls it De-dollarization. Here is a hour long explanation;
Liberty Street Economics: This article explains why a strong USD actually prevents global competition. It also reveals that the USD is currently far more powerful than the actual U.S. GDP, warning that the global use of a ‘weak’ USD is actually shooting the U.S. domestic economy in the foot! It also predicts that raising domestic interest rates will strengthen the USD, killing global competition and driving U.S. owned industries to return production to the United States: “Once the dollar begins to strengthen, the subsequent dynamics imply a decline in global manufacturing due to dollar invoicing and the credit-intensive global value chain. Manufacturing activity, where credit-intensive global value chains are more pervasive, will tend to suffer more. The contraction in global (ex-U.S.) manufacturing will spill back to the U.S. manufacturing due to production linkages and a reduction in demand. This will also lead to a decline in commodity prices and world trade. As the U.S. economy is less exposed to global developments, the dollar will benefit in relative terms from a worldwide economic decline, reinforcing the circle.”
MillenniumPost: U.S. sanctions against Russia has resulted in Russia becoming India’s biggist supplier of oil!
Nasdaq: Bank Collapse Shows the Rot in U.S. Banking and Dollars.
Sunday Guardian: A retired Indian military Major explains that U.S. bank collapses are tied to increasing interest rates domestically and the decreasing use of the USD globally.
ValueWalk: Explains how the USD is used to control the global economy through Foreign Exchange (ForEx).
Destroy U.S. Dollar: IRAQ TAKES CHINESE YUAN FOR OIL! U.S. GOVERNMENT APPROVES?