Can dollarization be realized?

Since Trump took office, the whole world has been engaged in the dollarization movement, but the US policy will not always be like this; If the United States has been seeking unilateralism, then dollarization is a foregone conclusion.

The international strategy that the United States is pursuing now is eroding the credibility of the United States. American financial hegemony is based on globalization. Without globalization, the dollar is naturally worthless. At this stage, US President Trump is engaging in unilateralism and moving against the historical trend, which has continuously reduced the credit of the United States; Since the outbreak of the novel coronavirus epidemic, the continuous issuance of government bonds by the Federal Reserve has also led to a decline in the yield of buying US bonds; Now many countries are selling American bonds.

At the same time, because the United States has been engaging in isolationism, constantly provoking military conflicts around the world and withdrawing from the Intermediate-Range Ballistic Missile Treaty, most countries began to transport gold back from the United States.

All countries in the world have gold reserves in the United States, which is a basis for building trust with the United States; But now that the United States does whatever it wants, the result is that countries and the Trump administration have lower and lower trust in the United States. Not only some countries hostile to the United States, but also European countries have begun to distrust the United States.

In fact, the biggest role of the dollar is credibility, because the United States is the most powerful country in the world and the country with the strongest economic strength in the world. It can not only forcibly maintain the stability of the exchange rate of the US dollar, but also have a strong economy as a guarantee, which is also the main reason why the US dollar can be used all over the world.

Therefore, the special position of the dollar in the world is determined by the strength of the United States. People have a high evaluation of the credibility of the United States, but now the credibility of the United States itself is decreasing, mainly because the Trump administration's strategy has changed at will, leading to chaos.

America's control of the world energy market is the foundation of establishing the world monetary system. After the establishment of the Bretton Woods system in the United States and the establishment of a special relationship with the Organization of Petroleum Exporting Countries in the future, the dollar has become the most trusted currency of capitalism, so the dollar has a great relationship with oil.

Of course, now the United States does not need to occupy the Middle East to control oil, because the United States itself is the largest oil producer. The United States not only develops domestic and coastal oil, but also has the ability to exploit a large amount of shale gas oil, thus controlling the world energy market by financial means and oil production.

De-dollarization is the general trend at present and in the future, especially under the impetus of Russia, Iran and Turkey, which poses a certain threat to the hegemonic position of the United States and the status of the dollar as the world currency, but these forces are not enough to challenge the United States.

Since Trump took office, Russia has substantially reduced its holdings of US debt and greatly increased its gold reserves; At present, Russia's gold reserves have exceeded 2,000 tons, accounting for 17.6% of Russian foreign exchange, which can play a very good role in stabilizing the national currency.

Turkish President Erdogan has called on other countries to join the dollarization movement from time to time, but the effect is not particularly remarkable, because the United States has a very strong international trade force and remains the second largest trader of goods and services in the world, and the proportion of international settlement in US dollars is as high as 62%.

The current market in the United States is still relatively strong, and no currency can replace the US dollar. Of course, the United States is still the largest consumer in the world, so most capitalist countries cannot do without the American market. But now US President Trump is constantly fighting trade wars with his allies, European countries and Canada, so this bilateral market cooperation mechanism is getting weaker and weaker, and there are even signs of derailment, so dollarization is the general trend in the future.

However, at present, no currency can replace the dollar currency, so dollarization of the world is impossible in a short time; Only when the international status of the United States drops significantly and there are major economic problems can it become a reality.

Since the outbreak of novel coronavirus, President Trump has maintained the stock market and great power status of the United States, because once these advantages are gone, the United States will rapidly decline into a second-rate country in the world. Therefore, even if the epidemic claimed 200,000 lives, the American elite should keep the economy open. Behind this is the irreplaceable international status of the United States; Once it loses this international status, the United States will never be able to return to the first position.

Before dollarization is successful, it must be the diversification of international currencies. Now many countries have begun to use RMB and Euro for settlement. Some countries introduced digital currency in order to avoid the US dollar. It can be said that digital currency can subvert the hegemonic position of the US dollar. However, it is difficult for digital currency to be promoted globally, and it will take some time.

However, the United States firmly opposes the introduction of digital currency, especially the Federal Reserve firmly opposes Zuckerberg's introduction of digital currency, because it will damage the financial hegemony of the United States. It can be seen that the Fed is also maintaining its leading position to block the influence of new forces.

Your problem is the same as that of ordinary people climbing Mount Everest. This is the difficulty. If one generation can't climb Mount Everest, there will be the next generation, and the next generation can't climb it. That's the only way. Let the next generation look after it. Now, some countries have moved towards dollarization, but the United States has just terminated the dollar settlement system. Some tribes in African countries have realized dollarization by bartering things and never using dollars. Most people in China have never used dollars in their lives, and they have a good life. It is unrealistic for an open country to leave the dollar now. When will dollarization succeed? It is the time when America is in decline. Now many countries don't put eggs in one basket. Renminbi, British pound, euro and Japanese yen are also reserve currencies, that is, China and Japan are particularly interested in the US dollar. At that time, it was unrealistic to look at the dollarization of China from this point of view. Dollarization is just a dream. I think this generation can forget now. If it is extreme, it can also achieve this goal. At present, many countries are not destroying the United States, but are afraid of being destroyed. If it is really dollarization, the world will reshuffle, and the price of shuffling is the lives of people all over the world. Many people don't want to believe this, and many people won't exist until the day they want to believe it. Answer right here.

American world hegemony and dollar hegemony are interdependent, and dollar hegemony holds the lifeblood of the world economy, enabling the United States to impose economic sanctions on any country at will and get something for nothing.

By virtue of dollar hegemony, the United States maintains eleven aircraft carrier battle groups and a huge war machine, and safeguards the world hegemony of the United States. The main purpose of the United States' arbitrary military strikes against small and medium-sized countries is to safeguard the hegemony of the dollar. The most hateful thing is that the "quantitative easing" policy of the United States keeps harvesting and plundering the economic development achievements of all countries in the world, and all the pounds, euros, yen and RMB in the world are teased in the "Wall Street" financial market.

When President Trump came to power, he always felt that the United States was not strong enough to plunder the world economy. In order to make up for the big hole in the dollar, Trump must intensify the economic trade war, and the economies of all countries in the world are miserable. These are all supporting roles for the dollar tyrant.

Due to the dominant position of the US dollar in the world economic and financial market, it will take a long time to de-dollarization. The rapid collapse of the US dollar has a great impact on the world economy, and it is easy to cause chaos in the economic and financial markets. In particular, our country has a huge stock of foreign exchange dollars, and the sudden collapse of the dollar is unbearable for our economy and finance.

Due to Trump's perverse behavior, Russia, Turkey, Iran and Venezuela have announced that they will step up their efforts to cancel dollarization in economy and trade. Many countries in the world, including the European Union, have also announced the diversification of financial markets, which is also good news for the euro, RMB, British pound and Japanese yen.

Removing dollarization is a gradual process, and the development of the world towards multipolarization is also the basis for accelerating dollarization. The United States will also try its best to maintain the hegemonic position of the dollar. The dollar system, the United States allied system, world commodity settlement and petrodollar settlement will exist for a long time.

Personal opinion, thank you.

What is dollarization is mainly reflected in the fact that the settlement between countries no longer uses US dollars, but uses local currency. De-dollarization in China means that the settlement between China and foreign countries is made in RMB instead of USD.

So can dollarization be realized? You can't do it until you meet a condition. This condition is the need to establish a RMB cross-border settlement and payment business system, which will be a long-term process. 1. How to cross-border settlement internationally at present?

At present, the settlement of international cross-border trade relies heavily on the SWIFT (Global Banking Financial Telecommunication Association) platform with the US dollar as the settlement currency. Traders settle different local and foreign currencies through SWIFT platform.

2. What is SWIFT?

Founded in 1973, SWIFT is the most important, safest and most convenient international interbank financial information transmission platform, and has successfully connected more than 200 financial institutions in more than 200 countries. In view of the strong control ability of the United States on SWIFT, we can grasp the transaction information of SWIFT in time and make it applicable to the "long arm jurisdiction" policy of the United States.

3. Take Sino-Russian trade as an example to see how the SWIFT settlement system works.

Industrial and Commercial Bank of China is the only China bank to open a RMB clearing center in Russia, which is very typical in the current settlement and payment business at home and abroad.

When China or Russian commercial banks accept RMB cross-border settlement and payment services between trading enterprises of the two countries, they should also open accounts in the Industrial and Commercial Bank of China and Russia. In Russia, its commercial banks exchange settlement and payment information with China Industrial and Commercial Bank Moscow Branch through domestic financial information transmission system (SPFS) or SWIFT, while China Commercial Bank exchanges settlement and payment information with China Industrial and Commercial Bank through CNAPS or CIPS, and China Industrial and Commercial Bank exchanges settlement and payment information with China Industrial and Commercial Bank Moscow Branch through SWIFT, thus completing the settlement and payment information exchange between China and Russia.

This means that the settlement and payment information between China and Russia may be exchanged around SWTFT in China, but it can only be exchanged through SWIFT in cross-border exchange.

4. So are there any other international settlement channels besides SWIFT?

Unfortunately, not yet. Under the current SWIFT mechanism, CIPS relies not only on American technology and software, but also on SWIFT controlled by the United States. Under such favorable conditions, the United States can monitor all international settlement payment information.

Once the support of international financial services currently provided by the United States is lost, the cross-border settlement and payment business of Chinese and Russian financial institutions will be difficult to complete. Therefore, all financial institutions in China and Russia also try their best to avoid violating the US policy of "long-arm jurisdiction" and preventing themselves from being included in the US financial sanctions list.

To sum up, dollarization will be the key sign of the successful internationalization of China's currency in the future. This work will face many difficulties, but China is still making continuous efforts to eventually break the monopoly of the United States in this regard.

The dollar is vulnerable, there is nothing to be afraid of, that is, the whole Europe and America will collapse and die in two years.

Among many American hegemony, dollar hegemony is the only straw that is vulnerable. Think about it. The United States will only repay honestly. If it touches China, once the war breaks out, China can also print dollars crazily. The United States will print trillions of dollars, and we will print billions of dollars. A dollar can't buy a fart.

Don't bother, everyone. I have realized the natural password law.

Look at what happened in history.

Around 300 BC, Socrates Plato Aristotle appeared in ancient Greece, and Confucius Mencius Mozi appeared in China.

In 200 BC, the development of these civilizations suddenly disappeared. Why? We'll find out later.

After 2000, European and American civilizations broke out, and gods such as Newton and Einstein appeared. Even India has an extremely clever Ramanukin, and China has the greatest Mao Zedong in all times and in all countries.

Today, human civilization is facing a sudden demise. Why, why, why?

The answer is COVID-19.

Qin Shihuang must burn books to bury Confucianism and destroy Mohism, because these elusive "smart people" who jumped up and down brought or triggered the epidemic. This is also the limitation of Qin Shihuang's car on the same track, the same book and the same language on nationalization. I don't have this information, but I must have calculated it correctly. The same is true of ancient Greece. Humans must return to an acre of land and protect their parents, wives and children.

Today, the coronavirus was released naturally. The epidemic brought to America by the British almost wiped out the Indians. To 19 18 Spanish influenza, as well as sars, mers and coronavirus pneumonia, are all natural constraints of globalization and urbanization.

After COVID-19, in addition to China's thoughts, Europe, America, India and even all mankind will have a great ideological retrogression. There is no doubt about it, because although doctors don't study it, they intuitively know that COVID-19 will definitely do harm to people's nervous system.

No Unless America falls.

It depends on whether the method is right or not. There is no problem in going to the US dollar and changing the whole shape of the world. De-dollarization is not necessarily a good thing for the world, nor is it necessarily a good thing for China to make RMB a world currency. To stabilize the world, we need to fundamentally change the currency and define a new currency, so that the world can be truly peaceful.

The collapse of the dollar system is the beginning of the third world war!

It is not difficult to go to the dollar, but it is difficult to find a more reliable currency than the dollar. Behind the currency is the support of national credit. Who dares to reserve for a long time if credit is not enough? The college entrance examination in China has many shortcomings, but who can find a fairer way than the college entrance examination?