Most of the parts of the world that aren't affected don't have a reason to care.
You wont find that kind of apathy at the Fed or the Treasury Department, which are about to have their currency cease to be an international standard because half of the world's population already lives in a BRICS member, that refuses to use the petrodollar. They have a list of dozens of countries wanting to join BRICS. Saudi Arabia became a member of BRICS in 2024, ending their use of the petrodollar in buying and selling oil.
What you say is correct, but the US dollar remains a dominant currency and will until something solid appears to replace it. As yet the BRICS only offer each other currency swaps. Yes that may change but from what I have read any BRICS core currency on offer would be controlled by China as the dominant economy, not every BRICS nation is comfortable with that arrangement.
The only thing the BRICS nations agree on is they will refuse to use the petrodollar as the primary. Since they collectively control half of the oil resources on the planet, they can easily snub the petrodollar.
The national debt increases by a trillion dollars every 100 days or so, so the return of those in circulation to the domestic economy will trigger hyperinflation.
Sure, have more sources but have to get back to work :)
"USD Forecast for 2024 and Beyond. The US dollar (USD) remains one of the most widely held and traded currencies worldwide. It is not just central to international trade; USD significantly influences and mirrors trends in global economic growth. How the dollar performs in coming years will significantly sway currency markets, cross-border capital flows, and the global market outlook." https://j2t.com/solutions/blogview/usd-forecast/
"The US dollar continues to cede ground to nontraditional currencies in global foreign exchange reserves, but it remains the preeminent reserve currency"
SWIFT's sanction enforcement program is worldwide.
You may have noticed, a lot of the world just doesn't care anymore
Most of the parts of the world that aren't affected don't have a reason to care.
You wont find that kind of apathy at the Fed or the Treasury Department, which are about to have their currency cease to be an international standard because half of the world's population already lives in a BRICS member, that refuses to use the petrodollar. They have a list of dozens of countries wanting to join BRICS. Saudi Arabia became a member of BRICS in 2024, ending their use of the petrodollar in buying and selling oil.
What you say is correct, but the US dollar remains a dominant currency and will until something solid appears to replace it. As yet the BRICS only offer each other currency swaps. Yes that may change but from what I have read any BRICS core currency on offer would be controlled by China as the dominant economy, not every BRICS nation is comfortable with that arrangement.
The only thing the BRICS nations agree on is they will refuse to use the petrodollar as the primary. Since they collectively control half of the oil resources on the planet, they can easily snub the petrodollar.
The national debt increases by a trillion dollars every 100 days or so, so the return of those in circulation to the domestic economy will trigger hyperinflation.
True, but none of those facts alter the evidence, the dollar remains the primary medium of exchange worldwide. For now.
Kindly cite "the evidence (that) the (petro)dollar remains the primary medium of exchange worldwide."
Sure, have more sources but have to get back to work :)
"USD Forecast for 2024 and Beyond. The US dollar (USD) remains one of the most widely held and traded currencies worldwide. It is not just central to international trade; USD significantly influences and mirrors trends in global economic growth. How the dollar performs in coming years will significantly sway currency markets, cross-border capital flows, and the global market outlook." https://j2t.com/solutions/blogview/usd-forecast/
https://www.reuters.com/markets/currencies/us-dollars-dominance-secure-brics-see-no-progress-de-dollarization-report-2024-06-25/
"The USD continues to remain unchallenged as the world’s reserve currency, despite a rise in geo-economic fragmentation."
https://www.weforum.org/agenda/2024/07/king-dollar-dethroned-usd-dominance-geoeconomic-fragmentation/
"The US dollar continues to cede ground to nontraditional currencies in global foreign exchange reserves, but it remains the preeminent reserve currency"
https://www.imf.org/en/Blogs/Articles/2024/06/11/dollar-dominance-in-the-international-reserve-system-an-update
Do you know who owns the International Monetary Fund?
Sure do :)
https://www.brightworkresearch.com/international-monetary-fund-banking-profile/
The IMF is to international banking what NATO is to European military alliances
They are both directed by the CIA. .