🇨🇳 BIG: China's President Xi Jinping pushes for renminbi to achieve global reserve currency status. https://t.co/w9tyvwgRWv ...

BREAKING:🇨🇳 China’s President Xi Jinping says the yuan should become the global reserve currency. https://t.co/Ub0Zqrukxn ...

A friend called me some time ago to share her heartbreak over the declining value of the U.S. dollar. She is a forex broker who told me that the dollar's decline isn't inspiring confidence within the global trading community. I just checked the charts and noticed that the U.S. dollar index, which calculates the value of the USD relative to a basket of foreign currencies, has fallen to 96.16 on Jan. 27. It is the index's lowest point since mid-February 2022. Related: Dollar debasement fears send 'Bitcoin ...

JUST IN: Tucker Carlson discusses "Will Bitcoin Be the New Global Reserve Currency?" with critic Peter Schiff. https://t.co/iXQh2GEJ6U ...

🚨 HUGE: Gold has overtaken the US dollar as the largest Global Reserve Currency. https://t.co/59aFwFIZOb ...

Yes, but:(1) Relative strength is critical because the US business model is issuance of the global reserve currency. Losing relative status means losing that.(2) Much of the US economy is fake & financialized. Look at the debt and production graphs.https://t.co/rhWLOzMui5Inev May (@InevMay):@balajis You might be right but this graph is misleading. If you look at the USA for example, its proportion of global economy has shrank (% on the graph), but the actual volume of its "piece of the pie" has increased. ...

Economic Dependence - The West's living standards are entirely dependent upon continued absolute dominance [1] - This dominance is propped up by the issuance of the global reserve currency, namely the dollar [1] Zero-Sum Thinking - Interpreting the chart in a zero-sum way is mentioned [1] - It is argued that everyone's share can increase in absolute terms [1]

Macroeconomic Trends & Geopolitical Shifts - The period from 1950-1990 is identified as an atypical era of Westernization and centralization [1] - The global economy's center of mass is shifting back to Eurasia, leading to a decline in the West's relative strength [2] - The West's living standards are heavily reliant on its continued absolute dominance, supported by the US dollar's status as the global reserve currency [3] - A decline from the undisputed 1 position could contract the tax base for dollar inflation from 1-3 billion globally to approximately 300 million Americans, potentially causing a 60-90% drop and increasing inflation [4] - Market participants are observed selling Western bonds and investing in Chinese bonds, gold, internet stocks, and internet currencies [7] - The 20th-century Western economy is being superseded by China and the Internet [7] Sovereign Debt & Financial Instability - Issues are shared across the entire G7, with France and the UK potentially requiring IMF bailouts [6] - Soaring yields are observed across the US, France, UK, Italy, Germany, and Japan, while Chinese yields are falling [6] - Western governments are perceived as bankrupt [8]

Core Viewpoint - BlackRock CEO Larry Fink has shifted his stance on cryptocurrencies, acknowledging their potential role as an alternative asset similar to gold, while still urging caution regarding their inclusion in investment portfolios [1][2][3] Group 1: Fink's Evolving Perspective - Fink previously labeled Bitcoin as an "index of money laundering" in 2017, but has since recognized its potential value in the market [1][3] - The change in Fink's tone reflects a broader acceptance of cryptocurrencies among major financial institutions, moving from outright dismissal to cautious endorsement [3][4] Group 2: BlackRock's Position in the Crypto Market - BlackRock manages approximately $12.5 trillion in assets and launched one of the first U.S. crypto spot Bitcoin ETFs in 2024, which has become the largest crypto ETF with over $93.9 billion in assets under management [2][4] - Fink noted that half of the demand for BlackRock's Bitcoin ETF has come from retail investors, with a significant portion being new to iShares products [4] Group 3: Institutional Adoption and Market Dynamics - The increasing institutional adoption of cryptocurrencies is highlighted by Fink's comments on Bitcoin potentially serving as a replacement for the U.S. dollar as a global reserve currency amid concerns over U.S. debt [5] - Bitcoin's market dominance has risen significantly, reflecting growing interest and investment in the cryptocurrency sector [5]

Core Viewpoint - The dollar has declined slightly due to President Trump's threat of imposing new 100% tariffs on China, with expectations of a potential agreement still present but risks of escalating tensions increasing [1] Group 1: Impact on Currency - The dollar's decline has been limited as many anticipate another agreement may be reached [1] - The potential tariffs would negatively impact both China's export economy and U.S. importers [1] Group 2: Geopolitical Implications - If countries shift away from the U.S. and strengthen ties with alternative trading partners, the U.S. could face increasing isolation [1] - This isolation could undermine the dollar's status as the leading global reserve currency [1]