#de dollarization

Once again the American empire has waded into the Middle East convinced it can redraw the map, only to find that this time the quagmire reaches all the way into its own gas tanks, grocery aisles, and credit markets. Somewhere between the Strait of Hormuz and the trading floors of New York, oil that had idled around 70 dollars a barrel suddenly spiked to nearly 120 before sliding back toward 90,…

De-dollarization Movement: A global shift is underway to move away from the US dollar, driven by countries like China and Russia, and supported by BRICS and ASEAN nations.

US Sanctions: US lawmakers have proposed sanctions against countries and financial institutions that move away from the dollar - but this is just proving their point and hastening the exit from the dollar for countries who were on the fence.

Economic Impact: The de-dollarization trend could lead to increased inflation and higher debt for the US as fewer countries use the dollar.

Cryptocurrency Role: Cryptocurrencies like Bitcoin are being used to bypass the dollar system but are still largely denominated in the US Dollar.