World in Flux: De-Dollarisation, NATO Talks, Cashless Society, & Australian Political Drama

On today's show we discuss:Show more

1. The De-Dollarisation
2. NATO Allies Meet in Germany
3. Inflation and a cashless society
4. Idiot Australian Politicians

===

Dedollarisation of the USD, or the process of countries reducing their reliance on the US dollar as a reserve currency, could have significant negative implications for the global economy.

The US dollar has long been the world's predominant reserve currency, playing a vital role in international trade and finance. Its global acceptance and stability have facilitated cross-border transactions, allowing countries to conduct business with minimal exchange rate risk.

A shift away from the USD could create uncertainty in the global market and potentially hinder international trade, as businesses and countries would need to adapt to new currencies and risk exposure.

Additionally, dedollarisation could result in decreased demand for the US dollar, leading to a depreciation of its value. As a consequence, countries that hold large amounts of USD as reserves may experience a decline in their purchasing power, affecting their ability to import goods and pay off debt denominated in USD.

Furthermore, a weaker US dollar might prompt investors to seek alternative investments, causing capital outflows from the United States and potentially destabilizing its economy. This instability could have a domino effect on other economies, especially those with strong trade links to the US, ultimately resulting in a global economic slowdown.

===

20th APRIL 2023: The monthly meeting of Allies associated with teh Ukraine invasion was hosted by the US at Ramstein Air Base, Germany, the United States announced plans to train Ukrainian troops on the use of Abrams tanks.

While no major weapon announcements were made, the conference focused on air defense and ammunition. The Abrams tanks are expected to arrive in Germany within weeks for training purposes, with the program set to last around 10 weeks and involve hundreds of Ukrainian soldiers.

Meanwhile, Germany revealed a deal to create a Polish hub for repairing German-made Leopard tanks deployed in Ukraine, with the hub expected to be operational by the end of May.

Ukraine has urged its allies for long-range weapons, jets, and ammunition in anticipation of a counteroffensive in the coming weeks or months. US Army General Mark Milley emphasized the importance of ground-based air defense for Ukraine at this stage. NATO member states and their allies have supplied Ukraine with weapons and armor, but the country has been requesting more powerful weapons and faster deliveries.

In response to Ukraine's aspirations to join NATO, German Defense Minister Boris Pistorius said that all members agreed on seeing Ukraine as a future member, but the immediate focus should be on the battlefield.

At a meeting in Kyiv, Ukrainian President Volodymyr Zelenskiy urged NATO Secretary General Jens Stoltenberg to help with weapons deliveries, emphasizing the need for long-range weapons, modern aviation, artillery, and armored vehicles.

===

Inflation and the cashless society: In a cashless society, it is easier for central banks to implement monetary policies in response to inflation, as electronic transactions provide more accurate and real-time data on economic activity. This allows central banks to swiftly adjust interest rates or implement other measures to control inflation. Furthermore, the absence of physical currency reduces the costs associated with printing, distributing, and maintaining banknotes and coins, which can contribute to lower inflation rates over time.

However, there are potential drawbacks to a cashless society when dealing with inflation. In a cashless environment, people are more reliant on digital infrastructure and electronic payment systems, which could be vulnerable to cyberattacks, technical glitches, or power outages. These issues can disrupt the flow of money and exacerbate the impact of inflation on the economy.

Additionally, a cashless society may unintentionally exclude segments of the population, such as the elderly or those without access to banking services, who might struggle to adapt to a digital financial system. As a result, these individuals could be disproportionately affected by inflation, as they might not have the same access to financial tools that could help protect their purchasing power in times of rising prices.

===

🎙Listen on Spotify: https://open.spotify.com/show/7KF9b8M...
📱 Follow us on Telegram: https://t.me/unspokentruthreal
🐦Follow on Twitter: https://twitter.com/unspokentruthAU
🎥 Follow us on YouTube: https://www.youtube.com/@unspokentruthofficial
📸 You can connect with Rob directly via Instagram: https://www.instagram.com/rob.brus77/
🎥 Watch Ed's YouTube channel here:

/ @heyed7496
👉 If you want to do a collab reach out via email or Insta

💥 Keep watch, stay safe and watch out for all the scammers out there...