De-Dollarization: 3 Reasons Why The World Is Ditching The US Dollar
De-dollarization, otherwise known as the phenomenon that denotes the dumping of the US dollar on a global scale, is now a burning concept running amok among global nations. The concept is now gaining maximum steam, primarily due to the rising narratives that continue to hammer the US dollar’s prestige and valuation. The American currency is now subject to wild allegations, including its growing weaponization and ability to sanction other nations, that are primarily compelling nations to consider shifting away from the dollar. Will the dollar be able to survive this transition? Also Read: JFK Files: His War on Central Banks – Is Bitcoin (BTC) the Answer for CBDCs? Why Is the Dollar Getting Ditched? 1. Geopolitical Risks And A Brewing Trade War Source: Watcher Guru Donald Trump is now the 47th president of the United States. Trump has long proposed the idea of imposing tariffs on nations to bolster the US economy, which is now backfiring in the form of a bubbling trade war. This phenomen...