Chinese Yuan to Dethrone U.S. Dollar: How De-Dollarization Succeed
Chinese Yuan to Dethrone U.S. Dollar: How De-Dollarization Succeed
March 21, 2024
Fastepo
The United States dollar's dominance in the global market dates back to the Bretton Woods Conference in 1944, which established the dollar as the world's primary reserve currency linked to gold.
Over the decades, this status has allowed the U.S. to wield considerable economic power. Critics argue that the U.S. has at times misused this power, imposing economic sanctions and influencing international economic policies in ways that serve its interests, often at the expense of other nations' economies and sovereignty.
For example, through economic sanctions, the U.S. has influenced the policies of countries like Iran and Russia, impacting their economies significantly. The dollar's role in global trade and finance has given the U.S. an unparalleled advantage in international affairs, but it has also led to criticisms of unilateralism and the exertion of economic pressure that bypasses traditional diplomatic channels.
In recent years, there has been a noticeable shift as countries increasingly seek alternatives to the U.S. dollar's hegemony in the global financial system.
This movement, often referred to as de-dollarization, is driven by a desire to reduce dependence on the U.S. financial system and is spearheaded by China and the BRICS bloc, which includes Brazil, Russia, India, China, and South Africa, with new members like Iran, UAE, Saudi Arabia, Ethiopia, and Egypt joining the fold.
In this video, we explore the history of the United States dollar's dominance in the global market and examine the efforts by China and the Global South, particularly the BRICS countries, to challenge the U.S. dollar's supremacy.
Original: https://youtu.be/XFHLkGxurdI
Subscribe: https://www.youtube.com/@fastepo
=
About
Fastepo, the nexus where finance meets the future! Our channel is a treasure trove of insights, designed for those who have a keen eye on the pulse of the global economy. Here, we dissect the complexities of international markets, unravel the intricacies of trade dynamics, and offer a clear lens to view the ever-changing landscape of global finance.
Subscribe and join our community of thinkers, learners, and leaders shaping the conversation on the economy of tomorrow. Let’s grow, learn, and navigate the financial future together with Fastepo. Your journey into the depths of the economy starts here!
-
2:42:11
Barstool Yak
8 hours agoThe Yak with Big Cat & Co. Presented by Rhoback | The Yak 5-3-24
47K5 -
43:15
TENET Media
5 hours agoShocking Images of UCLA Post-Protest | Dave Rubin & Isabel Brown
25.3K54 -
7:38
America Uncovered
10 hours agoThe Most Dramatic and Terrifying Expansion of US Government Surveillance?
23.9K21 -
1:20:09
Deprogrammed with Keri Smith
4 hours agoHow to Practice Public Speech - LIVE Deprogrammed with Keri Smith
19.7K3 -
59:33
Dr. Eric Berg
1 day agoThe Dr. Berg Show LIVE May 3, 2024
26.8K8 -
1:04:34
John Burk
5 hours agoMan or bear and John Ross returns!
31.9K10 -
1:02:12
Russell Brand
11 hours ago“You’re Dealing With A SCAM!” Nick Hudson On WHO Pandemic Treaty - Stay Free #358
204K376 -
49:08
The Dan Bongino Show
8 hours agoIs Soros Behind The Chaos? Again? (Ep. 2243) - 05/03/2024
502K1.7K -
5:08:10
Akademiks
9 hours agoKendrick Lamar spins the Block on Drake AGAIN!! Disses him again and even BIG AK gets a bar!
99.1K63 -
2:12:16
Film Threat
1 day agoTHE FALL GUY + GEORGE LUCAS STAR WARS IS BACK IN THEATERS | Film Threat Livecast
29.7K