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\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Attacks on the U.S. legal system have increased after Trump's conviction, with Florida Governor Ron DeSantis calling it a \"kangaroo court.\" A major investor based in Asia expressed concerns about potential threats to U.S. institutions, noting that any debasing of the Federal Reserve's authority could affect the dollar's credibility and lead to a double-digit depreciation of the currency.<\/p>\n\n\n\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

At its core, the dollar's dominant role in the world draws from the United States' democratic principles, supported by the massive size of its economy, the depth of its markets, the strength of its institutions, and the rule of law. However, the increasing messiness of the U.S. political landscape is testing some of the underpinnings of the dollar's global appeal.<\/p>\n\n\n\n

Attacks on the U.S. legal system have increased after Trump's conviction, with Florida Governor Ron DeSantis calling it a \"kangaroo court.\" A major investor based in Asia expressed concerns about potential threats to U.S. institutions, noting that any debasing of the Federal Reserve's authority could affect the dollar's credibility and lead to a double-digit depreciation of the currency.<\/p>\n\n\n\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A recent survey<\/a> shows that central bank reserve managers plan to increase their dollar holdings over the next 12-24 months due to the rise in global geopolitical tensions and the need for liquidity, drawing them to the currency's safe-haven status.<\/p>\n\n\n\n

At its core, the dollar's dominant role in the world draws from the United States' democratic principles, supported by the massive size of its economy, the depth of its markets, the strength of its institutions, and the rule of law. However, the increasing messiness of the U.S. political landscape is testing some of the underpinnings of the dollar's global appeal.<\/p>\n\n\n\n

Attacks on the U.S. legal system have increased after Trump's conviction, with Florida Governor Ron DeSantis calling it a \"kangaroo court.\" A major investor based in Asia expressed concerns about potential threats to U.S. institutions, noting that any debasing of the Federal Reserve's authority could affect the dollar's credibility and lead to a double-digit depreciation of the currency.<\/p>\n\n\n\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Central Bank Reserve Managers' Plan<\/h2>\n\n\n\n

A recent survey<\/a> shows that central bank reserve managers plan to increase their dollar holdings over the next 12-24 months due to the rise in global geopolitical tensions and the need for liquidity, drawing them to the currency's safe-haven status.<\/p>\n\n\n\n

At its core, the dollar's dominant role in the world draws from the United States' democratic principles, supported by the massive size of its economy, the depth of its markets, the strength of its institutions, and the rule of law. However, the increasing messiness of the U.S. political landscape is testing some of the underpinnings of the dollar's global appeal.<\/p>\n\n\n\n

Attacks on the U.S. legal system have increased after Trump's conviction, with Florida Governor Ron DeSantis calling it a \"kangaroo court.\" A major investor based in Asia expressed concerns about potential threats to U.S. institutions, noting that any debasing of the Federal Reserve's authority could affect the dollar's credibility and lead to a double-digit depreciation of the currency.<\/p>\n\n\n\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Survey Shows Rising Interest In Crypto Ahead Of 2024 Election, Says Grayscale<\/a><\/p>\n\n\n\n

Central Bank Reserve Managers' Plan<\/h2>\n\n\n\n

A recent survey<\/a> shows that central bank reserve managers plan to increase their dollar holdings over the next 12-24 months due to the rise in global geopolitical tensions and the need for liquidity, drawing them to the currency's safe-haven status.<\/p>\n\n\n\n

At its core, the dollar's dominant role in the world draws from the United States' democratic principles, supported by the massive size of its economy, the depth of its markets, the strength of its institutions, and the rule of law. However, the increasing messiness of the U.S. political landscape is testing some of the underpinnings of the dollar's global appeal.<\/p>\n\n\n\n

Attacks on the U.S. legal system have increased after Trump's conviction, with Florida Governor Ron DeSantis calling it a \"kangaroo court.\" A major investor based in Asia expressed concerns about potential threats to U.S. institutions, noting that any debasing of the Federal Reserve's authority could affect the dollar's credibility and lead to a double-digit depreciation of the currency.<\/p>\n\n\n\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In Asia, for instance, people are urgently seeking ways to reduce their U.S. exposure and boost non-dollar trade flows but attempts to build such systems have been slow-going or haven't gained traction. Rising authoritarianism, threats to individual and property rights, and geopolitical tensions have made other options less attractive than U.S. assets, even if their appeal has diminished.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Survey Shows Rising Interest In Crypto Ahead Of 2024 Election, Says Grayscale<\/a><\/p>\n\n\n\n

Central Bank Reserve Managers' Plan<\/h2>\n\n\n\n

A recent survey<\/a> shows that central bank reserve managers plan to increase their dollar holdings over the next 12-24 months due to the rise in global geopolitical tensions and the need for liquidity, drawing them to the currency's safe-haven status.<\/p>\n\n\n\n

At its core, the dollar's dominant role in the world draws from the United States' democratic principles, supported by the massive size of its economy, the depth of its markets, the strength of its institutions, and the rule of law. However, the increasing messiness of the U.S. political landscape is testing some of the underpinnings of the dollar's global appeal.<\/p>\n\n\n\n

Attacks on the U.S. legal system have increased after Trump's conviction, with Florida Governor Ron DeSantis calling it a \"kangaroo court.\" A major investor based in Asia expressed concerns about potential threats to U.S. institutions, noting that any debasing of the Federal Reserve's authority could affect the dollar's credibility and lead to a double-digit depreciation of the currency.<\/p>\n\n\n\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The attacks on the legal system in the aftermath of Trump's conviction, combined with the country's increasing use of sanctions as a punitive foreign policy tool and its mounting debt burden, have effectively dared the rest of the world to find an alternative to the dollar. However, despite growing consternation at home and abroad over the consequences of U.S. hubris, no credible alternative has emerged, and the world seems to have partly itself to blame.<\/p>\n\n\n\n

In Asia, for instance, people are urgently seeking ways to reduce their U.S. exposure and boost non-dollar trade flows but attempts to build such systems have been slow-going or haven't gained traction. Rising authoritarianism, threats to individual and property rights, and geopolitical tensions have made other options less attractive than U.S. assets, even if their appeal has diminished.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Survey Shows Rising Interest In Crypto Ahead Of 2024 Election, Says Grayscale<\/a><\/p>\n\n\n\n

Central Bank Reserve Managers' Plan<\/h2>\n\n\n\n

A recent survey<\/a> shows that central bank reserve managers plan to increase their dollar holdings over the next 12-24 months due to the rise in global geopolitical tensions and the need for liquidity, drawing them to the currency's safe-haven status.<\/p>\n\n\n\n

At its core, the dollar's dominant role in the world draws from the United States' democratic principles, supported by the massive size of its economy, the depth of its markets, the strength of its institutions, and the rule of law. However, the increasing messiness of the U.S. political landscape is testing some of the underpinnings of the dollar's global appeal.<\/p>\n\n\n\n

Attacks on the U.S. legal system have increased after Trump's conviction, with Florida Governor Ron DeSantis calling it a \"kangaroo court.\" A major investor based in Asia expressed concerns about potential threats to U.S. institutions, noting that any debasing of the Federal Reserve's authority could affect the dollar's credibility and lead to a double-digit depreciation of the currency.<\/p>\n\n\n\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In a move that risks undermining the dollar's global dominance, the United States is chipping away at the pillars that have long supported the currency's reserve status, according to a Reuters report. The latest blows come from powerful Americans questioning the rule of law following the conviction of former President Donald Trump.<\/p>\n\n\n\n

The attacks on the legal system in the aftermath of Trump's conviction, combined with the country's increasing use of sanctions as a punitive foreign policy tool and its mounting debt burden, have effectively dared the rest of the world to find an alternative to the dollar. However, despite growing consternation at home and abroad over the consequences of U.S. hubris, no credible alternative has emerged, and the world seems to have partly itself to blame.<\/p>\n\n\n\n

In Asia, for instance, people are urgently seeking ways to reduce their U.S. exposure and boost non-dollar trade flows but attempts to build such systems have been slow-going or haven't gained traction. Rising authoritarianism, threats to individual and property rights, and geopolitical tensions have made other options less attractive than U.S. assets, even if their appeal has diminished.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Survey Shows Rising Interest In Crypto Ahead Of 2024 Election, Says Grayscale<\/a><\/p>\n\n\n\n

Central Bank Reserve Managers' Plan<\/h2>\n\n\n\n

A recent survey<\/a> shows that central bank reserve managers plan to increase their dollar holdings over the next 12-24 months due to the rise in global geopolitical tensions and the need for liquidity, drawing them to the currency's safe-haven status.<\/p>\n\n\n\n

At its core, the dollar's dominant role in the world draws from the United States' democratic principles, supported by the massive size of its economy, the depth of its markets, the strength of its institutions, and the rule of law. However, the increasing messiness of the U.S. political landscape is testing some of the underpinnings of the dollar's global appeal.<\/p>\n\n\n\n

Attacks on the U.S. legal system have increased after Trump's conviction, with Florida Governor Ron DeSantis calling it a \"kangaroo court.\" A major investor based in Asia expressed concerns about potential threats to U.S. institutions, noting that any debasing of the Federal Reserve's authority could affect the dollar's credibility and lead to a double-digit depreciation of the currency.<\/p>\n\n\n\n

As the world watches the legal uncertainties unfold in the United States, the implications for the dollar's global dominance remain uncertain. While no credible alternative has emerged yet, the growing doubts over the strength of U.S. institutions and the rule of law could erode the currency's appeal in the long run.<\/p>\n\n\n\n

The U.S. faces a delicate balancing act between maintaining its economic and financial might while upholding the democratic principles and legal integrity that have underpinned the dollar's reserve status. As the world's financial center grapples with these challenges, the search for alternative currencies or systems may intensify, potentially reshaping the global financial landscape in unexpected ways.<\/p>\n","post_title":"United States Legal Turmoil Raises Concerns Over Dollar's Global Supremacy","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"united-states-legal-turmoil-raises-concerns-over-dollars-global-supremacy","to_ping":"","pinged":"","post_modified":"2024-06-19 23:12:47","post_modified_gmt":"2024-06-19 13:12:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17323","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11396,"post_author":"12","post_date":"2023-05-02 01:01:43","post_date_gmt":"2023-05-01 15:01:43","post_content":"\n

Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar regarding international trade.<\/p>\n\n\n\n

BRICS (Brazil, Russia, India, China, and South Africa) is an acronym for five leading economies. In an article published<\/a> on Foreign Policy, Sullivan discusses the potential that a new currency used by these nations could belittle the current power that the US Dollar has through de-dollarization, meaning a reduction on the reliance of the dollar as a reserve currency, medium of exchange or a unit of account.<\/p>\n\n\n\n

\"Is it realistic to imagine the BRICS using only the bric for trade? Yes.\"<\/em> Sullivan refers to the currency as 'the bric'<\/em>, which he believes could be the beginning of the end of the dominance held by the US Dollar. The power of the bric lies in the fact that the BRICS outweigh<\/a> not only the United States but all other G-7 countries when referring to GDP.<\/p>\n\n\n\n

\"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world\u2019s other currency unions. Because a BRICS currency union\u2014unlike any before it\u2014would not be among countries united by shared territorial borders, its members would likely be able to produce a wider range of goods than any existing monetary union.<\/em>\"<\/p>\n\n\n\n

\u201cThe dollar\u2019s reign isn\u2019t likely to end overnight \u2013 but a bric would begin the slow erosion of its dominance<\/em>,\" says Sullivan.<\/p>\n","post_title":"BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brics-currency-against-the-u-s-dollar-international-trade-and-de-dollarization","to_ping":"","pinged":"","post_modified":"2023-05-04 13:02:57","post_modified_gmt":"2023-05-04 03:02:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11396","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT

US Dollar

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
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