Over the past few months I’ve been observing an interesting trend around the world:
More and more countries want to reduce their US Dollar dependence.
The US government is responsible for the creation of the SWIFT banking system and dominates global trade with the USD used in the majority of cross border transactions around the world, but in an effort to reduce US dollar dependency.
My first YouTube video of 2022 focused on a developing story that is happening in America’s own “backyard”. US banks are leaving the Caribbean and Chinese banks are filling that gap. In addition, these Caribbean nations are keen on using China’s Central Bank Digital Currency (CBDC) to help increase trade with the country.
In April of this year I shared another story that simple asked the question…can the Chinese RMB overtake the USD as the world’s reserve currency? For the record I don’t think this will happen. The RMB is not fully convertible and Western countries would never feel comfortable with China holding that much power in the world economy.
Finally this past week I shared a new story of how the BRICS nations are looking to expand their network and a visit to Saudi Arabia from Xi Jinping could certainly shift the future of our world economy.
If you haven’t seen these episodes yet, be sure to watch them. There is some interesting storylines playing out in our world economy at the moment.
As always thank you for subscribing to my newsletter and stayed tuned for more important updates this coming month!
Let me know what you think and what other stories you would like to see covered on my newsletter/YouTube channel.
Cyrus
We are seeing a slow train wreck is set into motion by some people with their own agenda or ideology yet feel so helpless to stop it. I hope we can have enough people come to their senses to make a difference. I am talking about American interests, specifically, for the average, hardworking, honest people here, who are now being deceived into supporting potential nuclear conflicts first with Russia, and now China. People have to ask, what possible good can this abject insanity bring to America?