Broker Check

How a Currency Crisis Might Dethrone the Dollar

let's start Our by chris@kilmerco.com

References

A Strong Dollar Hurt Foreign Nations

  • https://youtu.be/krynBQZtsuM
  • https://fred.stlouisfed.org/series/GFDEBTN/
  • https://www.interregional.com/en/global-debt/
  • https://www.barrons.com/articles/dollar-denominated-debt-outside-u-s-hits-12-6-trillion-51596186002
  • https://fred.stlouisfed.org/series/M2SL
  • https://www.cnn.com/2022/07/13/economy/cpi-inflation-june/index.html
  • https://fred.stlouisfed.org/series/fedfunds
  • https://www.investopedia.com/articles/investing/040115/how-strong-us-dollar-can-hurt-emerging-markets.asp
  • https://www.reuters.com/markets/currencies/lebanon-devalue-currency-by-90-feb-1-cbank-chief-says-2023-01-31/
  • https://www.reuters.com/world/americas/argentine-teachers-doctors-drown-under-spiraling-prices-inflation-nears-100-2023-02-14/
  • https://www.reuters.com/world/americas/venezuela-inflation-accelerating-heightening-risk-return-hyperinflation-2023-01-05/
  • https://www.cnbc.com/2022/11/03/turkeys-inflation-tops-85percent-as-erdogan-continues-to-rule-out-interest-rate-hikes.html
  • https://www.aljazeera.com/economy/2022/10/21/inflation-in-sri-lanka-hits-record-73-7-percent
  • https://www.reuters.com/markets/rates-bonds/argentina-central-bank-debate-rate-hike-no-decision-yet-made-sources-2023-04-20/
  • https://www.reuters.com/markets/europe/big-default-dozen-countries-danger-zone-2022-07-15/
  • https://www.commondreams.org/news/2022/09/02/worst-yet-come-global-civil-unrest-index-hits-all-time-high

Some Nations Faced Extreme Inflation

  • https://www.newsdirectory3.com/imf-forecasts-inflation-of-400-for-venezuela-in-2023/
  • https://www.reuters.com/world/americas/argentines-struggle-shadow-100-inflation-2023-03-14/
  • https://www.reuters.com/article/sudan-economy-inflation-idUSKBN2JQ0CH
  • https://www.thenationalnews.com/business/2022/03/23/lebanons-inflation-hits-215-in-february-as-economic-meltdown-worsens/
  • https://www.cnn.com/2023/03/19/economy/central-banks-fed-dollar-liquidity/index.html
  • https://www.bnnbloomberg.ca/fed-foreign-central-bank-tool-gets-tapped-for-record-60-billion-1.1899886

Civil Unrest Increased as Foreign Economies Deteriorated

  • https://youtu.be/Cy4CFGvQk5Y
  • https://youtu.be/Bbc0pTL8wWk
  • https://youtu.be/k7S9wnKHbiI
  • https://www.usnews.com/news/world/articles/2023-07-19/peru-boosts-security-ahead-of-fresh-anti-government-protests?utm_source=canva&utm_medium=iframely
  • https://youtu.be/6Yx-sex3-s4
  • https://www.dailymail.co.uk/news/article-91169/President-resigns-riots-leave-22-dead-Argentina.html
  • https://www.youtube.com/watch?v=W1rkfYzCSf0
  • https://www.youtube.com/watch?v=VLVuL7WHO6c
  • https://www.youtube.com/watch?v=Z1DrVqHO4dM

Nations Responded

  • https://www.weforum.org/agenda/2022/11/central-banks-gold-market-economy-global/
  • https://www.reuters.com/markets/commodities/central-banks-bought-most-gold-since-1967-last-year-wgc-says-2023-01-31?
  • https://finance.yahoo.com/news/three-congressmen-introduce-gold-standard-015000789.html
  • https://thedailyguardian.com/23-us-states-move-to-recognize-gold-and-silver-as-legal-tender/
  • http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee
  • https://www.atlanticcouncil.org/cbdctracker/
  • https://www.kitco.com/news/2023-04-06/Texas-moves-to-create-gold-backed-digital-currency.html
  • https://www.kilmerco.com/concerns-about-the-banking-industry
  • https://www.kilmerco.com/reasons-to-be-defensive-in-2023
  • https://www.kilmerco.com/references-to-central-bank-digital-currencies-what-to-know-and-expect

The Petro-Dollar Scheme was Threatened

  • https://youtu.be/wvi4pp1Sqt4
  • https://www.youtube.com/watch?v=BDmJQeszMCQ
  • https://youtu.be/ih14NzJxEYk
  • https://www.kitco.com/news/2023-07-07/Russia-confirms-BRICS-will-create-a-gold-backed-currency.html
  • https://www.thebalancemoney.com/what-is-a-petrodollar-3306358
  • https://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabia-And-Russia-Sign-New-Military-Agreement.html
  • https://www.thenationalnews.com/gulf-news/saudi-arabia/2022/12/09/saudi-arabia-and-china-sign-partnership-deals-in-oil-trade-and-politics/
  • https://duckduckgo.com/?q=%22Mohammed+bin+Salman%22+done+pleasing+the+United+States&ia=web
  • https://www.breitbart.com/middle-east/2023/01/18/saudi-arabia-ready-to-consider-other-currencies-besides-dollar-for-trade/
  • https://news.yahoo.com/brics-debates-expansion-iran-saudi-050000702.html
  • https://www.silkroadbriefing.com/news/2022/11/09/the-new-candidate-countries-for-brics-expansion/
  • https://fintechs.fi/2022/07/25/brics-nations-plan-to-create-a-new-international-reserve-currency/
  • https://www.kitco.com/news/2023-07-07/Russia-confirms-BRICS-will-create-a-gold-backed-currency.html
  • https://mexicodailypost.com/2023/07/08/41-countries-ready-to-accept-brics-currency-a-month-before-summit/#:~:text=The%20countries%20that%20have%20shown,%2C%20Thailand%2C%20Tunisia%2C%20Turkey%2C
  • https://www.bloomberg.com/news/articles/2022-10-05/world-currency-reserves-shrink-by-1-trillion-in-record-drawdown
  • https://markets.businessinsider.com/news/currencies/dollar-dominance-shrinking-alternative-currencies-krona-won-more-attractive-imf-2022-6?op=1
  • https://www.msn.com/en-us/money/markets/dollar-dumped-india-just-bought-1m-barrels-of-oil-from-the-uae-using-rupees-instead-of-usd-for-the-first-time-why-this-could-spell-doom-for-the-greenback/ar-AA1frFdT?cvid=255442509baf4051a2f4114062d2c23c&ocid=winp2fptaskbar&ei=17
  • https://youtu.be/PYulNJjgCGs

Southeast Asian Nations Moved Away From the Dollar

  • https://youtu.be/ZvtFmpoj4V8
  • https://asean.org/member-states/
  • https://www.aseanbriefing.com/news/asean-finance-ministers-and-central-banks-consider-dropping-us-dollar-euro-and-yen-indonesia-calls-for-phasing-out-visa-and-mastercard/
  • https://www.msn.com/en-us/money/markets/the-anti-dollar-drive-spearheaded-by-asia-has-spread-to-europe-with-france-growing-sour-on-the-greenback-s-dominance-here-are-6-rising-threats-to-the-buck-s-supremacy-of-global-trade/ss-AA16Rh1w?cvid=c22fcad99f22470ed902a59560660749&ocid=winp2fptaskbar&ei=9#image=4
  • https://www.telesurenglish.net/news/ASEAN-Countries-To-Move-Towards-De-Dollarization-20230511-0008.html

A Tipping Point May Soon be Reached

  • https://www.wionews.com/world/south-african-foreign-minister-naledi-pandor-sees-indias-g20-leadership-as-opportunity-for-global-south-568817
  • https://asean.org/member-states/
  • https://www.al-monitor.com/originals/2023/02/shift-away-us-dollar-iraq-allow-trade-china-yuan
  • https://www.reuters.com/article/us-iran-currency-euro-idUSKBN1HP25W
  • https://www.bbc.com/news/business-59129470
  • https://www.cnn.com/2023/01/23/investing/argentina-brazil-common-currency/index.html
  • https://www.reuters.com/markets/commodities/davos-2023-uae-india-discussing-settling-non-oil-trade-rupees-2023-01-19/
  • https://www.forbes.com/sites/dominicdudley/2023/01/18/russia-and-iran-eye-up-trade-using-cryptocurrencies-to-avoid-dollars-and-sanctions/?sh=35a984731a10
  • https://www.the-star.co.ke/business/2023-05-30-drop-dollar-in-intra-africa-trade-ruto-urges-continent/
  • https://www.forbes.com/sites/dominicdudley/2023/05/26/iran-urges-asian-partners-to-drop-the-dollar-from-bilateral-trade/?sh=48e8e2520dcc
  • https://www.crypto-news-flash.com/bitcoin-sparks-brics-currency-surge-41-countries-eyeing-acceptance-ahead-of-summit/

The Affects are Already Being Felt

  • https://finance.yahoo.com/news/dollarization-happening-stunning-pace-jen-082144378.html


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