Economists: The US dollar has always been America's weapon finance | Dollarization | Wave Economists
Currently, the global trend of de dollarization is underway. According to the latest survey report released by the official forum of international monetary and financial institutions on the 26th, the proportion of central banks planning to increase their holdings of euros in the next two years will increase compared to the past two years. At the same time, in the long run, the demand for the renminbi from multiple central banks will also significantly increase. The official forum of international monetary and financial institutions surveyed 75 central bank reserve management institutions worldwide, with a total managed asset size of nearly $5 trillion.
Economist: The US dollar has always been a weapon of the United States
Economists from multiple countries have stated that the United States has been using the US dollar as a weapon, abusing its hegemony and exacerbating global economic risks. Nowadays, "de dollarization" has become a financial trend.
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French economist Philippe Vichidel believes that the United States has shifted the issue of inflation to other countries, which has brought many problems to each country. The US dollar has always been a weapon of the United States.
Philippe Vichidel, Chief Economist of Austerlum Asset Management in France: The US dollar has been a reference currency since at least the Bretton Woods Agreement in 1944. The US dollar has always been a weapon of the United States, doing what they want and other countries solving the problems it brings.
Economist Marcos from S ã o Paulo State University in Brazil believes that in response to the 2008 financial crisis, the United States printed money extensively. Nowadays, in order to curb inflation and aggressively raise interest rates, the United States has always only considered the interests of its own elite in terms of monetary policy.
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Marcos, a political economy professor at the State University of S ã o Paulo in Brazil: The United States has too many privileges. For example, countries like Brazil have to work hard underground to dig up a ton of iron ore to create a value of $100, while Americans only need to press enter on the computer to print out the money.
Benjamin Norton, founder of the United States Geopolitical and Economic Report, admitted that "de dollarization" has become the current trend.
Benjamin Norton, founder of the United States Geopolitical and Economic Report: There is no doubt that the use of the US dollar in central bank foreign exchange reserves is decreasing, and the use of the US dollar in international trade is also decreasing. We have seen many countries, including China, Russia, Iran, and even India, settling cross-border transactions in their own currencies, including the Chinese yuan, Russian ruble, and Indian rupee. Although the US dollar will not disappear overnight, its status is significantly declining.
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