You had to think of writing this now? I don't know, with the latest news, maybe it wasn't the best time:
Saudi Arabia's petro-dollar exit: A global finance paradigm shift
The long-term effect remains to be seen, but it will not exactly cause a flow towards the dollar, although it will remain the reserve currency for the time being.
Topic: Moneyflow towards the Dollar - page 4. (Read 709 times)
Money-flow is interesting, It shows where the capital feels safe. Remember the US is the world economic engine.
Countries get abused, but it is mostly the local politicians who sell out the collective national interest.
Something about the USA and the US dollar you must know.Countries get abused, but it is mostly the local politicians who sell out the collective national interest.
The USA government has biggest national debt according to World Debt Clock and USA Debt Clock.
https://www.usdebtclock.org/world-debt-clock.html
https://www.usdebtclock.org/
The US dollar loses its purchasing power a lot since many years.
Purchasing power of the U.S. Dollar over time
Brics is taken as a instrument like the Euro. But its not.
It becomes clearer that it is a political instrument not supported by capital investors.
After Covid the US drew more than a third of investments towards the US. Especially private investment which is the engine that makes our world economy run that nicely. Even if you hate the US, the US is the engine of the world. There is no alternative.
One Alternative failed which was the dream of Simon Bolivar, a counterweight to the US:
The Bloomberg Article on money-flow and how a 3rd ended up in the US, https://archive.is/zg0XG gives:
Money-flow is interesting, It shows where the capital feels safe. Remember the US is the world economic engine.
Countries get abused, but it is mostly the local politicians who sell out the collective national interest.
It becomes clearer that it is a political instrument not supported by capital investors.
After Covid the US drew more than a third of investments towards the US. Especially private investment which is the engine that makes our world economy run that nicely. Even if you hate the US, the US is the engine of the world. There is no alternative.
One Alternative failed which was the dream of Simon Bolivar, a counterweight to the US:
Quote
His ultimate dream was to unite these lands into a single new nation called Gran Colombia.
https://www.historytools.org/stories/discovering-simon-bolivars-legacy-at-colombias-quinta-de-bolivar-museumThe Bloomberg Article on money-flow and how a 3rd ended up in the US, https://archive.is/zg0XG gives:
Quote from: Bloomberg
For all the angst over the dollar’s dominance, a run-up in US interest rates to the highest levels in decades proved a major draw for overseas investors. The US has also pulled in a fresh wave of foreign direct investment (FDI) thanks to billions of dollars worth of incentives under President Joe Biden’s initiatives to spur renewable energy and semiconductor production.
Money-flow is interesting, It shows where the capital feels safe. Remember the US is the world economic engine.
Countries get abused, but it is mostly the local politicians who sell out the collective national interest.
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