Death of the Dollar’s Dominance?

Although the U.S. dollar is still the world’s main reserve currency, its dominance has been a key point of geopolitical contention that has spanned decades... [Outsider Club Header] Apr 19, 2023 By Luke Burgess for the Outsider Club Death of the Dollar’s Dominance? The U.S. dollar is still the world’s main reserve currency due to the strength, size, and stability of the American economy, as well as the currency’s widespread use in international trade and finance. However, the greenback’s dominance has been a key point of geopolitical contention that has spanned decades. France's finance minister has called the dollar’s supremacy America's “exorbitant privilege,” and he argues that the dollar’s position creates an “asymmetric financial system” where non-U.S. citizens “see themselves supporting American living standards and subsidizing American multinationals.” Recently the dollar’s supremacy has once again been gaining significant attention with actions taken by countries like China and Russia to reduce their dependence on the American currency. One of the key motivations for de-dollarization is the desire for greater financial independence and stability. This Pill Will “Define the Next Decade” A new medical breakthrough smaller than the size of your pinkie is about to reshape human history. Because believe it or not, this tiny pill can eradicate every single sign and symptom of aging and disease... Which leaves you looking and feeling forever young. Don’t believe it? [Check out this proof...]( By reducing reliance on the U.S. dollar, countries can reduce their exposure to potential risks associated with fluctuations in the U.S. economy, especially for things like inflation and changes in interest rates. Another factor driving de-dollarization is the desire for greater political independence. Many countries feel that the widespread use of the U.S. dollar in international transactions gives the U.S. an unfair advantage in global politics and economics, as it allows the U.S. to exert greater influence over the global financial system. By reducing reliance on the U.S. dollar, countries can assert greater independence and reduce their vulnerability to external economic and political pressures. However, the process of de-dollarization is not without its challenges. For many countries, the U.S. dollar remains the most widely accepted and stable currency for international transactions, making it difficult to replace. Additionally, the transition away from the U.S. dollar may require significant investment in new financial infrastructure, including payment systems and currency-exchange mechanisms. Are You Sick of Market Crashes Gutting Your Retirement Account? There’s a way to flip the market carnage into a legal fortune…Without shorting a single stock…And without touching options, cryptos, or “meme" stocks. This radical “blueprint'' could help anyone turn $500 into $1.2 million in under a year. [For more details, go here now.]( Despite these challenges, the trend toward de-dollarization appears to be gaining momentum, with a growing number of countries exploring alternative currencies and financial systems. This shift is likely to have significant implications for the global financial system, as it could potentially weaken the dominance of the U.S. dollar and increase the influence of other currencies, such as the euro, yen, or yuan. It’s important to note that de-dollarization does not mean the U.S. dollar won’t remain a reserve currency. Instead, the concept of de-dollarization aims to reduce the greenback as the main reserve currency. It’s also important to note that de-dollarization does not mean a total collapse in value for the U.S. dollar. As countries make moves to reduce their dependence on the dollar, its value will certainly decrease. However, we’re not talking about the complete death of the dollar. De-dollarization is a growing trend in the global financial system, driven by the desire for greater financial and political independence. While the process of de-dollarization presents significant challenges and does not mean a complete collapse in value for the dollar, it will offer significant investment opportunities, particularly in hard assets like precious metals. Until next time, [Luke Burgess Signature] Luke Burgess American Oil Basin Ready to Take on OPEC+ Saudi Arabia and OPEC+ ordered an oil production cut in an attempt to control the valuable commodity. This is just the latest move in an ongoing feud between the U.S. and the oil cartel. But while OPEC+ prepares to cut production, one small region in the U.S. is gearing up for a historic summer of oil production. Simply put, we are about to witness the largest oil boom the world has ever seen. Between the ongoing war with Russia and Ukraine and looming recession fears, the oil cartel is pulling out all the stops to maintain some control over the oil market. But they’re about to be at the U.S.’s complete mercy. Right now there is a small American region that is sitting on top of $5.9 trillion worth of oil just waiting to be extracted. The wheels are already in motion, and experts predict this basin could be even more profitable than Saudi Arabia’s prized Ghawar oil field. 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