Bitcoin Perfectly Placed as Sun Sets on Dollar Hegemony, Says Rich Dad Poor Dad Author - BitcoinEthereumNews.com
The U.S. dollar dominance as the global reserve currency of choice may be coming to an end, according to Robert Kiyosaki, author of the best-selling personal finance book series “Rich Dad Poor Dad”. “U.S. [dollar] hegemony [is] ending,” Kiyosaki कहा in a tweet on March 15. He was referring to रिपोर्टों that Saudi Arabia may start accepting the Chinese yuan for oil sales to the vast Asian country instead of the dollar. “United States less of a world power. Just what happens next is in question,” he added. As President Joe Biden presides over geopolitical shape-shifting as the poster boy of Western democracy, the most significant clap-back yet may be loss of confidence in the U.S. dollar. Dollar weaponization Used as an international trading currency since the end of the Second World War, the dollar has been politically weaponized in the service of American interests. Now, other global powerhouses are betting on taking back control of their economies by phasing out the dollar as the de-facto medium of global trade. Over the past few years, China, Russia, India, Iran, and Turkey – countries predominantly on the receiving end of U.S. economic sanctions and trade conflicts – have started to cut back their dependence on the dollar. In