“Muitos fornecedores não aceitam mais dólares”, alerta executiva de banco dos EUA

Summary

In this video, the speaker discusses the rise of de-dollarization and its potential impact on the global economy. Highlighting the growing trend of rejecting the US dollar in favor of local currencies like the Euro, Yuan, and others, the speaker emphasizes how this shift reflects diminishing confidence in the US economy. The video touches on historical events, such as the 1929 crisis, and current geopolitical tensions, illustrating the fear of financial collapse. The speaker warns that the situation could worsen by the end of the year, urging viewers to stay alert to these changes.

Takeaways

• 😀 The possibility of de-dollarization is becoming more realistic as countries and businesses are increasingly opting for alternative currencies like the Euro, Yuan, and others instead of the US Dollar.
• 😀 A joke made about a tourist being refused payment in dollars could soon be a reality due to the global shift away from the US Dollar.
• 😀 Paula Coming, head of foreign exchange sales at US Bencorp, reported that customers are now demanding payments in their local currencies, such as Euro or Yuan, instead of dollars.
• 😀 This de-dollarization trend began due to concerns over the value of the US Dollar, especially as it lost 8% of its value at the beginning of the year.
• 😀 The fear that the US Dollar could collapse, similar to the 1929 crisis, is driving businesses to reconsider their reliance on it.
• 😀 Examples from companies like a lumber business in Canada and a building company highlight how currency shifts, such as receiving payments in Euros or Yuan, are already happening.
• 😀 The collapse of the US economy, marked by inflation and a diminishing trust in the US Treasury, is contributing to the push for currency diversification.
• 😀 The end of the gold standard in 1971 left the US Dollar backed by the US economy, but as that economy falters, the Dollar’s reliability is increasingly questioned.
• 😀 Canadian companies are also moving away from the US Dollar, with contracts being signed in Euros, indicating a broader shift away from USD dominance.
• 😀 Geopolitical events, like the war in Israel, are distracting from the financial collapse of the US economy, as the media focuses on external conflicts rather than internal economic issues.

Q & A

What is the significance of the joke about a tourist wanting to pay in dollars atQ&A Generation for Script a bar in Copacabana?

The joke highlights the possibility of a future where the dollar is no longer accepted as the standard currency for transactions, a reality that could arise from global de-dollarization trends.

What does Paula Coming's report suggest about customer preferences for currencies?

Paula Coming's report suggests that more customers are opting for local currencies like the Euro, Yuan, Mexican Peso, and Canadian Dollar, showing a shift away from reliance on the U.S. dollar.

How has the de-dollarization process begun to impact international transactions?

The de-dollarization process has already started, with businesses and individuals increasingly refusing to accept payments in U.S. dollars, opting instead for other currencies due to concerns about the stability of the dollar.

What are the fears of financial experts regarding the U.S. dollar, and how do they relate to the 1929 financial crisis?

Experts fear that the U.S. dollar could lose its value rapidly, similar to what happened during the 1929 financial crisis, where the currency’s collapse severely impacted global markets.

How did the price fluctuation of rebar affect local builders?

Local builders suffered significant losses because contracts they had made became unprofitable when the price of rebar doubled, leaving them to deliver on contracts at a loss.

WhatDe-dollarization Insights Q&A impact did the dollar’s 8% decline have on businesses?

The dollar's 8% decline at the beginning of the year has negatively impacted businesses, leading to financial losses as they deal with an increasingly volatile currency.

What does the lumber company's contract with a European supplier tell us about currency preferences?

The lumber company’s contract with a European supplier, which included a discount for payments made in euros, reflects the growing trend of businesses preferring currencies other than the U.S. dollar.

Why is there a loss of confidence in the U.S. dollar and the American economy?

The loss of confidence is due to various factors, including the collapse of the gold backing in 1971, the weakening of the American economy, and growing concerns about the U.S. government's financial stability.

What role does geopolitical tension play in the decline of the U.S. dollar’s dominance?

Geopolitical tensions, such as the U.S.'s strained relationships with countries like China, Russia, and Iran, have contributed to countries seeking alternatives to the U.S. dollar for international transactions, further diminishing its dominance.

What are the broader implications of the U.S. economy's current state for global trade?

The ongoing struggles within the U.S. economy, coupled with its internal and external issues, have led to a loss of confidence in the U.S. dollar, which may push other nations and companies to turn to alternative currencies, impacting global trade dynamics.