After 70s US being taken off the gold standard and esp. after 80s Plaza accord, the world accepted the USD role, with the implicit acceptance that neither USD, USD gov sovereign debt nor SWIFT would be weaponized.
US admin broke that in 2022, and since then it's been an accelerating breakdown: Everybody and their grandpa wants to join BRICS, SCO and alternative payment systems, settling currencies and trade agreements.
Weaponizing the USD and it's systems only hastened the inevitable, but hasten it did.
However, world reserve currency and payment system transitions are long drawn out affairs and take decades to complete.
I agree but it's the banking as a guarantor. It my friend had been through which credit lines into which stockmarkets.
Working around this can be achieved via national banks and their own yields and values now exchanging into their own currencies. However. It often denominates said currency. Many sanction because of the conversion into existing lines of credit and trade.
Yawn tediously it has been getting pettier. But without actual war. It is a way of causing leverage.
Your entire BRICs argument is laughable. It has what reserves and value. Is it sustainable and it indeed still needs to trade into existing established markets.
Any parking fines, sanctions continue to cause leverage. But the entire notion of ditching dollars would happen anyway and has been when avoiding any parking tickets until laughably they're still parking in the parking inspectorate carpark because it's free.
Converting from one currency into the other. On which trades, or exchanges, ultimately. Are they completely breaking away or simply offering another menu, it internally reaps investment as it brokers back and forth through which markets.
Negative.
After 70s US being taken off the gold standard and esp. after 80s Plaza accord, the world accepted the USD role, with the implicit acceptance that neither USD, USD gov sovereign debt nor SWIFT would be weaponized.
US admin broke that in 2022, and since then it's been an accelerating breakdown: Everybody and their grandpa wants to join BRICS, SCO and alternative payment systems, settling currencies and trade agreements.
Weaponizing the USD and it's systems only hastened the inevitable, but hasten it did.
However, world reserve currency and payment system transitions are long drawn out affairs and take decades to complete.
I agree but it's the banking as a guarantor. It my friend had been through which credit lines into which stockmarkets.
Working around this can be achieved via national banks and their own yields and values now exchanging into their own currencies. However. It often denominates said currency. Many sanction because of the conversion into existing lines of credit and trade.
Yawn tediously it has been getting pettier. But without actual war. It is a way of causing leverage.
Your entire BRICs argument is laughable. It has what reserves and value. Is it sustainable and it indeed still needs to trade into existing established markets.
Any parking fines, sanctions continue to cause leverage. But the entire notion of ditching dollars would happen anyway and has been when avoiding any parking tickets until laughably they're still parking in the parking inspectorate carpark because it's free. Converting from one currency into the other. On which trades, or exchanges, ultimately. Are they completely breaking away or simply offering another menu, it internally reaps investment as it brokers back and forth through which markets.