Is The Fight For US Dollar Hegemony A Lost Cause?

“The British empire was significant and magnificent, but after World War I, World War II and the several personal bankruptcies within this period, it had to move aside and let another strong power take over: the United States.The U.S. has actually grown its impact in a similar style: This is where the cash center was.By leveraging worldwide markets and global investments.The U.S. dollar was at the center of this growth, and the U.S. was in control of the currency, offering them huge utilize over the rest of the world. The U.S. has to protect the status of the dollar because without the status of worldwide reserve currency, the status quo of the U.S. is at threat and may have big effects on the U.S. and world economy. The fact is that in trying to keep its status and the system produced as an outcome of the Bretton Woods contract, the U.S. leaders have gradually damaged the value of the U.S. dollar and have impoverished their people along the way.

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“The British empire was magnificent and significant, however after World War I, World War II and the numerous personal bankruptcies within this period, it had to move aside and let another strong power take over: the United States.The U.S. has actually grown its impact in a similar fashion: This is where the cash center was.By leveraging global markets and worldwide investments.The U.S. dollar was at the center of this growth, and the U.S. was in control of the currency, providing them substantial take advantage of over the rest of the world. The U.S. has to safeguard the status of the dollar because without the status of international reserve currency, the status quo of the U.S. is at risk and may have big impacts on the U.S. and world economy. The fact is that in trying to keep its status and the system produced as an outcome of the Bretton Woods agreement, the U.S. leaders have actually gradually ruined the worth of the U.S. dollar and have actually impoverished their citizens along the method. The objective of this legislation is to permit the U.S. to keep an eye on the adoption of bitcoin in El Salvador and take actions if they consider that it can represent a danger for the U.S. economy. It seems like the goal of this legislation is not to mitigate the dangers El Salvador represents to the U.S. economy, however to have a victim in case they consider bitcoin to be harmful to the U.S. dollar.Samson Mow, CEO of JAN3, described this the best:(Source)Another essential point to note is the appeal of Nayib Bukele in the region.