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Samson » August 24th, 2019
The British central bank calls for an end to the world's dependence on the dollar
24th August, 2019
Called on the British Central Bank Governor Mark Carney, Saturday, to get rid of the dependence on the dollar and unify the central bank's efforts to find an alternative reserve currency.
Carney told a conference of central bankers in Wyoming that the dollar's dominance in the global financial system was raising the risk of what he called a "liquidity trap," a very low interest rate and weak economic growth.
“With the reorganization of the global economy, the importance of the US dollar remains as it was in the period when the Bretton Woods system collapsed” (ie, the decoupling between the dollar and the price of an ounce of gold in the 1970s). Developing economies have increased their share of global financial activity to 60 percent, from 45 percent before the financial crisis 10 years ago, Carney said.
The dollar is still used in about half of international trade, more than 5 times the US share of global exports, making many countries vulnerable to the volatility of the US economy. Carney added that the problems in the global economy are related to activating protectionist and populist policies.
The governor of the Bank of England argued that the best solution would be to create a diversified multipolar financial system, which can be achieved with the help of contemporary technology. He suggested that it is possible to use cryptocurrencies for this purpose, which will reduce the impact of the dollar on global trade. LINK
Samson » August 24th, 2019
US, Japan reach trade agreement
24th August, 2019
The United States and Japan have reached a general framework for a trade deal with the United States keeping tariffs on Japanese cars but Tokyo cutting tariffs on US beef and pork, the Nikkei business daily said on Saturday.
The agreement was reached on Friday in Washington and will be announced at a meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe on Sunday on the sidelines of the G7 summit in Biarritz, the paper said.
The report comes shortly after Motegi told reporters in Washington he and Leitzer had made "significant progress" in their talks. LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Samson » August 24th, 2019
The British central bank calls for an end to the world's dependence on the dollar
24th August, 2019
Called on the British Central Bank Governor Mark Carney, Saturday, to get rid of the dependence on the dollar and unify the central bank's efforts to find an alternative reserve currency.
Carney told a conference of central bankers in Wyoming that the dollar's dominance in the global financial system was raising the risk of what he called a "liquidity trap," a very low interest rate and weak economic growth.
“With the reorganization of the global economy, the importance of the US dollar remains as it was in the period when the Bretton Woods system collapsed” (ie, the decoupling between the dollar and the price of an ounce of gold in the 1970s). Developing economies have increased their share of global financial activity to 60 percent, from 45 percent before the financial crisis 10 years ago, Carney said.
The dollar is still used in about half of international trade, more than 5 times the US share of global exports, making many countries vulnerable to the volatility of the US economy. Carney added that the problems in the global economy are related to activating protectionist and populist policies.
The governor of the Bank of England argued that the best solution would be to create a diversified multipolar financial system, which can be achieved with the help of contemporary technology. He suggested that it is possible to use cryptocurrencies for this purpose, which will reduce the impact of the dollar on global trade. LINK
Samson » August 24th, 2019
US, Japan reach trade agreement
24th August, 2019
The United States and Japan have reached a general framework for a trade deal with the United States keeping tariffs on Japanese cars but Tokyo cutting tariffs on US beef and pork, the Nikkei business daily said on Saturday.
The agreement was reached on Friday in Washington and will be announced at a meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe on Sunday on the sidelines of the G7 summit in Biarritz, the paper said.
The report comes shortly after Motegi told reporters in Washington he and Leitzer had made "significant progress" in their talks. LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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