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Master Thread Dance Your Cares Away/Fraggle/Law Abiding Citizens

Master Threads
Joined
Jul 1, 2023
Messages
4,814

‘A natural desire to diversify': Janet Yellen says Americans should anticipate a decline in the USD as the world's reserve currency — what you need to know and how to prepare​

No suit China and Russia are going to want to diversify. The US is kicking their asses. From the same articles:

U.S. sanctions and foreign policy plays have inspired a backlash from China, Russia and other prominent countries who may be keen to dethrone the dollar.

Yellen remains adamant that “it will not be easy for any country to devise a way to get around the dollar.”

Treasury Secretary Jannet Yellen gave her two cents on the matter during a congressional hearing in June — stating that no currency currently exists that could displace the greenback.

“The dollar plays the role it does in the world financial system for very good reasons that no other country is able to replicate, including China,” she said. “We have deep liquid open financial markets, strong rule of law and an absence of capital controls that no country is able to replicate.”

When asked if the dollar’s international status is declining, Yellen said she sees “virtually no meaningful workaround for most countries for using the dollar as a reserve currency.”

“We should expect over time a gradually increased share of other assets in reserve holdings of countries — a natural desire to diversify. But the dollar is far and away the dominant reserve asset.”
 

Sgfeer

Legendary
Founder
Joined
Dec 1, 2020
Messages
21,125



 

Sgfeer

Legendary
Founder
Joined
Dec 1, 2020
Messages
21,125


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1695636177218.png
 

Sgfeer

Legendary
Founder
Joined
Dec 1, 2020
Messages
21,125



 

Sgfeer

Legendary
Founder
Joined
Dec 1, 2020
Messages
21,125
but it was a myth, it's from bats
1695636412793.png



 

Zgdaf

Elite
Founder
Joined
Jan 9, 2021
Messages
1,522
No suit China and Russia are going to want to diversify. The US is kicking their asses. From the same articles:

U.S. sanctions and foreign policy plays have inspired a backlash from China, Russia and other prominent countries who may be keen to dethrone the dollar.

Yellen remains adamant that “it will not be easy for any country to devise a way to get around the dollar.”

Treasury Secretary Jannet Yellen gave her two cents on the matter during a congressional hearing in June — stating that no currency currently exists that could displace the greenback.

“The dollar plays the role it does in the world financial system for very good reasons that no other country is able to replicate, including China,” she said. “We have deep liquid open financial markets, strong rule of law and an absence of capital controls that no country is able to replicate.”

When asked if the dollar’s international status is declining, Yellen said she sees “virtually no meaningful workaround for most countries for using the dollar as a reserve currency.”

“We should expect over time a gradually increased share of other assets in reserve holdings of countries — a natural desire to diversify. But the dollar is far and away the dominant reserve asset.”
 

tiderollsonu

A man from Nantucket
Founder
Joined
Jan 9, 2021
Messages
6,244
F6hr4SHbYAA-Isp


The judges

755
 
Joined
Jan 8, 2021
Messages
1,629
Watching some college football and I am wondering if white male commercial actors are on strike or all living in the streets. Haha, SKOL!

You’re having trouble buying the upper middle class single black dads in the commercials. Or people of color being the majority of doctors or luxury car drivers?
 
Last edited:
Joined
Jan 8, 2021
Messages
1,629
The steal will be massive.



It’s why I don’t think they even let it get that far and why they are attempting to keep him off the ballot.



Alternative theory in easssssst TN is the DS is teaming up with fellow globalist Trump to deceive the American people into thinking he’s a man of the people and America first. They are just trying to keep the only real candidate who can make change and turn Washington upside down out, Ron Desantis.
 

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