Why the main economies are aiming to a De dollarization?
Will this shift investments to Asian Counties like Russia and China?
The eurodollar system creates a mismatch of US dollar liabilities versus US dollars over time.
This leads to an explosive US dollar shortage and a short squeeze every time the global economy goes into recession
Bilateral trade between Russia and China increased 3.4% in 2019, amounting to US$110.79 billion
Both countries are refocusing on a mutual goal using their own currency instead of the USD: Reach 200 billion in trade by 2024.
Embracing increase costs, volatility and currency fluctuations to avoid system risks arising, is worth it by not having USD in your portafolio?
How de dollarization affects you? Is fiat currency a store of value worth paying or shoud we switch to assets that are dominating Asian economy

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#tiefinance #dedollarization #china #russia

0:00 intro de-dollarization
0:57 Why there is a high demand of US Dollars
2:05 Why there is a US dollar shortage when there is a recession?
3:10 The Eurodollar is virtual money
4:02 Russia & China Trade volume
4:20 Russia and China main trade goal
5:21 China and Russia decoupling from Us Dollar
6:18 Russia and China partnering to reduce their dependance on dollar
7:20 Items traded between china and Russia
7:42 Europe is gaining from dedollarization
8:30 Russia and china long term strategy increase regional power through local currency

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