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The Dollar Will LOSE World Reserve Currency Status. Here's Why
#money #economy #nationaldebt
The dollar is nearing the end of its reign as world reserve currency. Here are some of the biggest reasons why. This isn't discussed in mainstream news.
US Debt clock
https://usdebtclock.org/
Major foreign holders of U.S. treasury securities as of January 2022
https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/
Plans for Reducing the Size of the Federal Reserve's Balance Sheet
https://www.federalreserve.gov/newsevents/pressreleases/monetary20220504b.htm
Fed buys more corporate bonds but may soon end purchases
https://abcnews.go.com/US/wireStory/fed-buys-corporate-bonds-end-purchases-71720208#:~:text=WASHINGTON%20--%20The%20Federal%20Reserve%20said%20Friday%20that,ensure%20large%20companies%20can%20borrow%20by%20selling%20bonds.
Central banks will continue to buy gold in 2022 - World Gold Council Survey
https://www.kitco.com/news/2022-06-08/Central-banks-will-continue-to-buy-gold-in-2022-World-Gold-Council-Survey.html#:~:text=%28Kitco%20News%29%20-%20Central%20Banks%20around%20the%20world,Gold%20Reserves%20%28CBGR%29%20survey%20in%20its%20published%20results.
Central banks bought 19.4 tonnes of gold in April, remain net buyers in 2022 - WGC
https://www.kitco.com/news/2022-06-06/Central-banks-bought-19-4-tonnes-of-gold-in-April-remain-net-buyers-in-2022-WGC.html
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https://www.moneymetals.com/
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#suadiarabia #economy #inflation #money #fiat #Petrodollar
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