La nuova civiltà

Re: La nuova civiltà  

  By: antitrader on Lunedì 06 Febbraio 2023 20:47

Will,

mi scivoli sempre sulla stessa buccia d banana. Una valuta di riserva non diventa tale ope legis,

ma perche' si determinano certe condizioni.

Prendi il tuo verduraio di quartiere, anche quello puo' fare la valuta di riserva, basta che i suoi

clienti abbiano fiducia in lui che non scappa con la cassa (e ti vende i ravanelli).

I paesi con le pezze al cul vogliono la loro valuta si riserva? E c'era bisogno di aspettare 60 anni?

La facciano, chi glielo impedisce ?

In realta' te lo spiege Summers proprio nel pezzo che hai postato:

ma dove credono di andare ? L'Europa e' un museo, il Giappone un ospizio e la Cina una prigione.

La Russia non la cita nemmeno, sfigata qual'e'.

Tenere soldi in una valuta diversa dalla tua ti espone al rischio che il paese titolare di quella valuta

te li puo' zanzare quando e come vuole.

E' successo proprio alla Russia come ben sai, ma non glieli hanno proprio zanzati, glieli hanno

solo sequestrati quale acconto a valere sulla prox riparazione dei danni di guerra.

 

Re: La nuova civiltà  

  By: lmwillys1 on Lunedì 06 Febbraio 2023 19:23

cari bideniani .... Nouriel ... 

:-)

 

A bipolar currency regime will replace the dollar’s exorbitant privilege

The greenback is bound sooner or later to feel the effects of intensifying geopolitical rivalry between the US and China

NOURIEL ROUBINI

The US dollar has been the predominant global reserve currency since the design of the Bretton Woods system after the second world war. Even the move from fixed exchange rates in the early 1970s did not challenge the greenback’s “exorbitant privilege”. But given the increased weaponisation of the dollar for national security purposes, and the growing geopolitical rivalry between the west and revisionist powers such as China, Russia, Iran and North Korea, some argue that de-dollarisation will accelerate. This process is also driven by the emergence of central bank digital currencies that could lead to an alternative multipolar currency and international payment regime. Sceptics argue that the global share of the US dollar as unit of account, means of payment and store of value hasn’t fallen much, despite all the chatter about a terminal decline. They also point out that you can’t replace something with nothing — as former US Treasury secretary Lawrence Summers put it: “Europe is a museum, Japan is a nursing home and China is a jail.” More nuanced arguments point out that there are economies of scale and network that lead to a relative monopoly in reserve currency status, and that the Chinese renminbi cannot become a real reserve currency unless capital controls are phased out and the exchange rate made more flexible. Moreover, a reserve currency country needs to accept — as the US long has — permanent current account deficits in order to issue enough of the liabilities held by non-residents as a counterpart. Finally, such sceptics argue that all attempts to create a multipolar reserve currency regime — even an IMF Special Drawing Right basket that includes the renminbi — have so far failed to replace the dollar. These points may once have had some validity, but in a world that will be increasingly divided into two geopolitical spheres of influence — namely those surrounding the US and China — it is likely that a bipolar, rather than a multipolar, currency regime will eventually replace the unipolar one. Complete exchange rate flexibility and international capital mobility is not necessary in order for a country to achieve reserve currency status. After all, in the era of the gold-exchange standard the dollar was dominant in spite of fixed exchange rates and widespread capital controls. And while China may have capital controls, the US has its own version that may reduce the appeal of dollar assets among foes and relative friends. These include financial sanctions against its rivals, restrictions to inward investment in many national security-sensitive sectors and firms, and even secondary sanctions against friends who violate the primary ones. In December, China and Saudi Arabia conducted their first transaction in renminbi. And it is not farfetched to think that Beijing could offer the Saudis and other Gulf Co-operation Council petrostates the ability to trade oil in RMB and to hold a greater share of their reserves in the Chinese currency. It is likely that the GCC countries, as well as many other emerging market economies, may soon start accepting such Chinese offers given that they do a great deal more trade with China than the US. Also, there is a clear so-called Triffin dilemma in a currency regime in which the reserve country runs permanent current account deficits that will eventually undermine its reserve status as the growth in its international liabilities becomes unsustainable. Critics question whether the currency of a country running a persistent current account surplus can ever achieve global reserve status. But China may in any case be moving towards a growth model less dependent on trade surpluses. It is also an anachronism that the US, whose share of global gross domestic product has halved to 20 per cent since the second world war, still accounts for at least two-thirds of all so-called vehicle currency transactions. The current system makes emerging market economies financially and economically vulnerable to changes in US monetary policy driven by domestic factors such as inflation. Finally, new technologies including CBDCs, payment systems such as WeChat Pay and Alipay, swap lines between China and other countries, and alternatives to Swift, will hasten the advent of a bipolar global monetary and financial system. For all these reasons, the relative decline of the US dollar as the main reserve currency is likely to occur over the next decade. The intensifying geopolitical contest between Washington and Beijing will inevitably be felt in a bipolar global reserve currency regime as well.

 

 

https://www.ft.com/content/e03d277a-e697-4220-a0ca-1f8a3dbecb75

 

 

Re: La nuova civiltà  

  By: XTOL on Lunedì 06 Febbraio 2023 14:21

l'ultimo a capire sarà il più cretino

Re: La nuova civiltà  

  By: pana on Lunedì 06 Febbraio 2023 13:46

ahahheheheh hhii eccolo l amico di shera

"tornero subito in braasile £ prometteva il bol somaro..

col cazzo che ci torna invece..sa bene che lo aspetta il gabbbio

 He used to preside over Latin America's largest country and its 214 million people. Now Brazil's former far-right leader lives in a small Florida town and eats alone in a fast-food restaurant.

ADVERTISING

Bolsonaro, 67, has found an unusual refuge in the United States, where he arrived in late December, several days before his supporters stormed government buildings in Brasilia in an attempt to overturn the election victory of his rival, leftist Luiz Inacio Lula da Silva.

From presidential palace to KFC: Bolsonaro's peculiar exile in US (france24.com)

A common currency in ASEAN will benefit citizens - Academia - The Jakarta Post

Re: La nuova civiltà  

  By: antitrader on Domenica 05 Febbraio 2023 16:22

Ecco,

qussto e' un'altra vittima illustre del webbe, poteva diventare il nono re di Roma (dopo Totti), invece

cosa e' successo ? Appena diventato famoso hai che la mamma e la sorella si son messe a postare

boiate su instagram, volevano diventare famose anche loro.

Risultato ? Adesso finisce in mezzo a li turchi.

 

Re: La nuova civiltà  

  By: XTOL on Domenica 05 Febbraio 2023 14:40

brava

 

l'ultimo a capire sarà il più cretino

Re: La nuova civiltà  

  By: gianlini on Sabato 04 Febbraio 2023 19:20

Com'è andata in Val Badia, Gano?

Re: La nuova civiltà  

  By: XTOL on Venerdì 03 Febbraio 2023 14:26

l'ultimo a capire sarà il più cretino

Re: La nuova civiltà  

  By: pana on Venerdì 03 Febbraio 2023 14:21

eheheheheh troopo bella

eh ma con la blockchain e tutto decentralizzato, mica ti controllano il d ilgoverno il deepstate e il bilderberg...

si si credici

controllato da 4 persone ahaha alla faccia della decentralizzazione...

CRYPTO SDENGHHHHHHHHHHHHHH

86% of Stablecoin Issuer Tether Was Controlled by 4 People as of 2018: WSJ

Documents reveal the previously unknown ownership structure of the secretive stablecoin issuer.

A common currency in ASEAN will benefit citizens - Academia - The Jakarta Post

Re: La nuova civiltà  

  By: XTOL on Giovedì 02 Febbraio 2023 23:40

in proposito, biden dà lezione 

 

l'ultimo a capire sarà il più cretino


 Last edited by: XTOL on Giovedì 02 Febbraio 2023 23:40, edited 1 time in total.

Re: La nuova civiltà  

  By: XTOL on Giovedì 02 Febbraio 2023 21:03

ma sarà più mamma una con la passera o unx che diventa donna?

spampina, tu che sei la ns esperta che dici?

 

l'ultimo a capire sarà il più cretino

Re: La nuova civiltà  

  By: XTOL on Giovedì 02 Febbraio 2023 14:33

l'ultimo a capire sarà il più cretino

Re: La nuova civiltà  

  By: XTOL on Giovedì 02 Febbraio 2023 14:28

l'ultimo a capire sarà il più cretino

Re: La nuova civiltà  

  By: antitrader on Mercoledì 01 Febbraio 2023 22:41

I webbeti sono tanti, milioni di milioni, chiunque finisce nei manicomi di youtube, twtr, FB, siti di cazzari etc..

inesorabilmanete lo diventa, ma, transeat, tanto fanno danni solo a se stessi e congiunti.

Poi ci sono i casi di webbetismo estremo, e diventano sempre piu' frequenti.

 

 

 

Re: La nuova civiltà  

  By: XTOL on Mercoledì 01 Febbraio 2023 12:07

l'ultimo a capire sarà il più cretino