The US attempts to seize the frozen assets of the Russian Central Bank are causing concern among experts and analysts. Andreas Kluth emphasizes the importance of helping Ukraine through proper means. The US Dollar Index is down 2% year-to-date and is on track for its worst year since 2020. Robert Shiller warns of a potential 'cataclysm' for the US dollar's reserve status if confiscated Russian assets are given to Ukraine. The dollar's position as the world's reserve currency is under scrutiny due to Washington's use of sanctions. The decline in the US Dollar Index and the potential loss of its reserve currency status are raising concerns about the future of the dollar's dominance in global finance.
Zerohedge today. IMO, this is only the beginning of what is coming. The dollar was backed by oil, as the only currency oil was traded in. Saudi is abandoning the dollar as the currency of oil after how we botched the Afghanistan retreat. https://t.co/R2LZLkF6ql
The U.S. Dollar Index is below 101 for the first time since July, down over 12% from its 2022 high. The near 30% rise in the #dollar off its 2021 low is the main reason headline #CPI declined so much. All of those gains may be lost in 2024, sending annual #inflation to new highs.
Nobel Winner Shiller: “Cataclysmic for Dollar as Prime Reserve Currency if U.S. Gives Seized Russian Reserve Assets to Ukraine” https://t.co/UkYKDNk7LW https://t.co/L30mElkTUR
🇺🇸🇷🇺 - Seizing Russia's Central Bank Funds Is Illegal and Unwise - Bloomberg Attempts by the United States to seize the frozen assets of the Russian Central Bank will undermine America's influence and demonstrate to the world that it's preferable to retain funds in independent… https://t.co/nsb1EmaWJK
Robert Shiller Warns Of 'Cataclysm' For US Dollar Reserve Status If Confiscated Russian Assets Given To Ukraine https://t.co/1fsh1eQbwn
U.S. Dollar Index $DXY is now down 2% YTD and is on track for its worst year since 2020 https://t.co/YA05TBYCdU
The position of the American dollar in the world has shaken - WION The US dollar is on track to lose its dominant position as the world's reserve currency, reports WION. As the channel’s report emphasizes, Washington’s active use of sanctions prompted many countries to abandon… https://t.co/ZQUKwKAdUv
The US attempts to confiscate frozen assets of the Central Bank of the Russian Federation will undermine American influence and demonstrate to the world that it is better to keep funds in independent banking centers and in currencies other than the dollar and euro - Bloomberg.… https://t.co/eJcqubSOZp
Seizing the Russian central bank's dollars is illegal and unwise, says @andreaskluth https://t.co/S6RHmPIbhW
Seizing the Russian central bank's dollars is illegal and unwise. All the more important to help Ukraine the proper way, says @andreaskluth https://t.co/oApWNMhZtL via @opinion