Good morning crypto-people :) 

For the last several days, I have been following the discussions about "de-dollarization" concerning the current financial problems in the USA and communication made by the BRICS alliance. One of my favorite sources is Bitcoin.com. Here are some recent updates: 

Jeffrey Tucker on De-dollarization: USD Will No Longer Be King; We're at Turning Point for U.S. Dollar

Jeffrey Tucker, the founder of the Brownstone Institute, believes that the U.S. dollar is at a turning point and will lose its status as the world's dominant currency. He cites the rise of alternative currencies like cryptocurrencies and the growing de-dollarization trend as critical factors driving this change. Tucker argues that the U.S. government'se debt and money printing have contributed to the decline of the dollar asking for other currencies and assets more appealing to investors. He suggests that cryptocurrencies like Bitcoin could play a significant role in the global financial system, offering a decentralized and more stable alternative to fiat currencies. As countries increasingly explore central bank digital currencies (CBDCs) and digital assets, Tucker sees the potential for a more diversified global monetary system that could challenge the U.S. dollar.

U.S. Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony

U.S. Treasury Secretary Janet Yellen has acknowledged that the weaponization of sanctions could undermine the U.S. dollars in global finance. In a recent interview, Yellen admitted that the overuse of sanctions as a foreign policy tool could lead other countries to seek alternative financial systems, thus weakening the dollar's hegemony. Yellen's comments amid growing concerns about the potential impact of sanctions on global financial stability, particularly in the wake of the Russian invasion of Ukraine. While the U.S. allies have imposed stringent sanctions on Russia, some experts warn that these measures could accelerate the process of de-dollarization as countries look to reduce their reliance on the dollar and explore alternative financial systems, such as digital currencies and blockchain-based solutions.

The Fall of Medici Bank: Lessons on Fractional Reserve Banking from 15th Century Italy 

The Medici Bank, founded in 15th-century Italy, was one of the most powerful financial institutions of its time. Its collapse provides valuable lessons about the risks of fractional reserve banking, a system still in use today. The Medici Bank operated on a fractional reserve system, lending more money than it held in deposits, which led to an overextension of credit and, ultimately, its demise. The bank fabank'shlights the inherent instability of fractional reserve banking and the potential consequences of banks lending more than they can cover in a financial crisis. Today, the global financial system still relies heavily on fractional reserve banking. Some experts argue that the rise of cryptocurrencies and decentralized finance (DeFi) could offer more stable alternatives to traditional banking systems. By providing decentralized and transparent financial services, cryptocurrencies and DeFi platforms have the potential to challenge the dominance of fractional reserve banking and reduce the risk of financial crises.  

Thanks for reading. You can support and reward my writing via: 

Pay Pal – [email protected]

Algo - NCG6LBALQHENQUSR77KOR6SS42FGK54BZ5L2HFDSBGQVLGYIOVWYDXFDI4

ADA – addr1q9vfs6nqz4xmtnpljwhv4tukyskd2g7enxd87rpugkwwvfun5pnla5d5tes2mvurrc77e7837yd0scrfk063qlha8wgs8d4ynz

Bitcoin 3HbxyDXE9MhNQ8RqsirqgYvFupQzh5Xby2

ETH - 0x8982cdb97bd23f092f78a16a4fc93c5c4607a285

Seeds – vladlausevic

Skycoin – ZxjhWMJRbTNCRQzy5MekZzH4fhdWFCqBP8

Tezos — tz1QrRzkTAKuPKF8dmGW6c1ScEHBUGvoiJBM