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Tag: US Dollar Hegemony

Politics, World

Is Bitcoin a Reaction to US Dollar Hegemony?

NOVANEWS By Federico Pieraccini Global Research Blockchain technology and the birth of the so-called cryptocurrencies finds deep roots in three contributing factors: the advance of technology: the manipulation of global economic and financial rules; and the persistent attempt to weaken the national economies of countries that geopolitically challenge the US power system. In this first article I address these issues from a financial point of view, in the next analysis I intend to dive into the geopolitical aspects and broader the perspective on how Russia, China and other nations are taking advantage of a decentralized financial system. Many national economies seem to have begun the process of protecting themselves from what seems like an inevitable economic trend. De-dollarizatio...