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Strategies & Market Trends : The coming US dollar crisis
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To: maceng2 who wrote (65571)5/1/2021 2:51:46 PM
From: flashforward20092 Recommendations

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In USD inflation will be worse than in other currencies. China, Russia, others continue to trade without use of the world's reserve currency. Saudi Arabia accepts Chinese currency for their oil, begs the question how can the phrase "Petrol Dollar" still apply to the USD? Use of the USD as the world's reserve recently dropped to 58%, getting closer to the all important fifty percent, at which time it no longer will be the world's currency. China's digital Yuan rumor is it will be backed, or at least particularly backed by gold, and China has recently relaxed gold import restrictions by their central banks.
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