Mounting Trend of Challenges to USD Hegemony Reported: Saudi Arabia, BRICS; Ron Paul Weighs in on Potential Fall of Dollar as Reserve — Week in Review

2 years ago

The United States dollar has been a blistery taxable successful caller weeks, with aggregate reported developments occurring globally which could awesome important moves toward de-dollarization successful ample economies. Former U.S. congressman Ron Paul besides noted this week that if the USD’s power arsenic a reserve currency is undermined, it mightiness hap aboriginal than immoderate expect. All this and more, conscionable below, successful the latest Bitcoin.com News Week successful Review.

US-Saudi Tensions Escalate arsenic Report Says Crown Prince Is No Longer Interested successful Pleasing the United States

After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) amazed the satellite by announcing cuts to lipid production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing accumulation is not advisable. According to a caller report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that Riyadh is nary longer funny successful pleasing the United States.

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BRICS Nations Working connected Creating New Currency to Be Discussed astatine Next Leaders Summit: Report

The BRICS nations are reportedly moving connected processing a caller signifier of currency, which is expected to beryllium discussed astatine the adjacent BRICS leaders’ summit, according to a apical Russian official. “The modulation to settlements successful nationalist currencies is the archetypal step. The adjacent 1 is to supply the circulation of integer oregon immoderate different signifier of a fundamentally caller currency successful the nearest future,” the lawman president of the Russian State Duma was quoted arsenic saying.

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ron paul u.s. dollar

Ron Paul connected the Fall of the US Dollar arsenic Reserve Currency: ‘It’s Always Longer Than Some Predictions’

Ron Paul, a erstwhile U.S. typical and subordinate of the Libertarian Party, has addressed caller events directed to undermine the power of the U.S. dollar arsenic a reserve currency successful planetary markets. Paul believes that adjacent if this does happen, it volition astir apt instrumentality much clip than immoderate predictions are saying.

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Elon Musk Asks Judge to Dismiss Dogecoin Lawsuit Alleging That He Operated Pyramid Scheme to Promote DOGE

Elon Musk Asks Judge to Dismiss $258B Dogecoin Lawsuit — Insists Tweeting Support for DOGE Isn’t Unlawful

Tesla and Twitter CEO Elon Musk has asked a U.S. justice to disregard a $258 cardinal suit filed against him by dogecoin investors. They alleged that the billionaire operated a pyramid strategy to beforehand the meme cryptocurrency dogecoin. “There is thing unlawful astir tweeting words of enactment for, oregon comic pictures about, a morganatic cryptocurrency that continues to clasp a marketplace headdress of astir $10 billion,” Musk’s lawyer argued.

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What bash you deliberation lies successful store for the U.S. dollar? What astir bitcoin and dogecoin? Let america cognize successful the remark conception below.

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