Dr Jiulin Teng's logo
Economy
France

The First Pushes to De-Dollarize: Actions, Solution, and Global Impacts #43

In a previous podcast, I suggested two triggers that would lead the world to de-dollarize. In the weeks since I posted it, both became reality. In this podcast, I discuss the actions that countries are taking, the potential solution to establish an altern
Published by Dr Jiulin Teng on 31 Mar 2022 · Updated on 31 Mar 2022
Keywords: dedollarizationdrjlt-economicsusd
Hero Image forThe First Pushes to De-Dollarize: Actions, Solution, and Global Impacts #43
In a previous podcast, I suggested two triggers that would lead the world to de-dollarize. In the weeks since I posted it, both became reality. In this podcast, I discuss the actions that countries are taking, the potential solution to establish an alternative system, and the global impact of de-dollarization.
Actions: a. Eurasian Economic Union + China start investigating the setup of an alternative international monetary system b. Saudi Arabia studies the possibility of selling oil in Chinese Yuan c. Russia proposes to sell oil to India in Rupees
Solution: I suggest a global trade system based on reserves of commodities and gold, without a fiat currency acting as the anchor. Bi-lateral trades can be settled in a range of major currencies. I suggest Hong Kong to be the candidate for a clearing house for this new monetary system.
Global Impacts: 1. Asset price collapse, notably stocks, bonds, and real estate 2. Difficulties in global trade lasting 2 to 5 years 3. Euro disappears in 2 to 5 years 4. Social tension in the US becomes a real issue that must be addressed
You can find this podcast on YouTube, Rumble, and Odysee.

Recent Posts in Economy

Cover for post The Economic & Social Carnage of Hybrid Wars #50
Economy
The Economic & Social Carnage of Hybrid Wars #50
07 Apr 2022 · In this podcast, I make two points on the economic and social carnage of hybrid wars.
Cover for post Eurozone Inflation, China's Housing Bubble, Russia Demands Ruble for Gas #49
Economy
Eurozone Inflation, China's Housing Bubble, Russia Demands Ruble for Gas #49
07 Apr 2022 · In this update, I cover three separate but somewhat related macroeconomic issues.
Cover for post Russia's Potential End Games in Ukraine #48
Economy
Russia's Potential End Games in Ukraine #48
31 Mar 2022 · As Russia starts the 2nd phase of its operations in UA, we have enough information to start analyzing what its end game may be. In this podcast, I list 5 facts and discuss 3 possible end games.
Cover for post Need & Prospects of the 6th French Republic #47
Economy
Need & Prospects of the 6th French Republic #47
31 Mar 2022 · The 5th French Republic is in trouble. In this podcast, I discuss its problems, red herrings, solutions, and prognosis.
Cover for post Russia vs Germany: A Contrast of Great & Disastrous Leadership #46
Economy
Russia vs Germany: A Contrast of Great & Disastrous Leadership #46
31 Mar 2022 · The contrast between the leadership in Russia and Germany cannot be more stark. In this podcast, I compare the two and discuss the underlying causes of this difference.
Cover for post The Belligerent Imbeciles: Fools Drag the West Down the Path of Poverty and War #45
Economy
The Belligerent Imbeciles: Fools Drag the West Down the Path of Poverty and War #45
31 Mar 2022 · This podcast is about the belligerent yet incompetent "leaders" in the west. I discuss 1. what their M.O. are, 2. how to counter them, and 3. what the foreseeable escalations are.