Replace US Currency Field into the Collective Bargaining Agreement and eSign it in minutes

Aug 6th, 2022
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How to Replace US Currency Field into the Collective Bargaining Agreement

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as the world dumps the U.S dollar more and more countries are turning to the Chinese Yuan last week it was Brazil and now Malaysia has announced its plans Malaysia wants to set up an Asian monetary fund and China supports the idea but what purpose will it serve it has two goals number one replace the U.S dollar with an alternative currency and number two reduced Reliance on the international monetary fund China and Malaysia want to build an alternative to the IMF they want to kill two birds with one stone create an Asian IMF in Russia for instance the Chinese currency has already replaced the dollar the yuan is now the most traded currency in Russia so Russia is shifting so are some asean countries like Indonesia Vietnam and Cambodia theyre ditching the dollar theyre settling trade in local currencies the Chinese yuan is going places and its filing takers the American dollar is losing friends

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A falling dollar diminishes its purchasing power internationally, and that eventually translates to the consumer level. For example, a weak dollar increases the cost to import oil, causing oil prices to rise. This means a dollar buys less gas and that pinches many consumers.
Until and unless the major Asian powers of India, China, Japan and Korea decide to create a new currency, the dollar will remain the worlds currency of first resort.
Underlying all of it is the presumption that without its exorbitant privilege of reserve currency status, the dollar will sink, US interest rates will soar and market mayhem will ensue.
Unless the global economy undergoes a complete overhaul, the dollar will remain on top. America may have never run on Dunkin, as the donut-makers slogan claimed, but the global economy runs on the dollar.
If that were to happen, there would be a complete implosion of the global economic system, but certainly the American economic system. And if that were to happen, youd be looking at sky-high inflation just raging, Weimar Republic kind of inflation.
A number of alternative currencies exist in the United States, including Phoenix Dollars, Baltimores BNote, Ithaca Hours, Bitcoin, and digital gold currency.
Since the end of World War II, the US dollar has served as the primary reserve currency globally, leaving little room for other currencies to grow as an alternative monetary system. Currently, central banks hold about 60 percent of their foreign exchange reserves in American dollars.
No matter the world reserve currency, youll still owe your mortgage, credit card, car, and college tuition. The big difference is that those dollars will now be worth mere pennies. It will be two, three, or even ten times as hard to pay for anything, including food, water, shelter, etc.

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