{"id":20139,"date":"2023-04-23T12:28:23","date_gmt":"2023-04-23T12:28:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/jeffrey-tucker-says-dollar-will-be-dethroned-russian-official-speaks-on-de-dollarization-and-a-look-at-historic-fractional-reserve-banking-in-italy-week-in-review-the-weekly-bitc\/"},"modified":"2023-04-23T12:28:23","modified_gmt":"2023-04-23T12:28:23","slug":"jeffrey-tucker-says-dollar-will-be-dethroned-russian-official-speaks-on-de-dollarization-and-a-look-at-historic-fractional-reserve-banking-in-italy-week-in-review-the-weekly-bitc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/jeffrey-tucker-says-dollar-will-be-dethroned-russian-official-speaks-on-de-dollarization-and-a-look-at-historic-fractional-reserve-banking-in-italy-week-in-review-the-weekly-bitc\/","title":{"rendered":"Jeffrey Tucker Says Dollar Will Be Dethroned, Russian Official Speaks on De-Dollarization, and a Look at Historic Fractional Reserve Banking in Italy \u2014 Week in Review \u2013 The Weekly Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on \u201cde-dollarization\u201d in a prolific fashion. Author and libertarian Jeffrey Tucker said recently: \u201cThe dollar\u2019s just not going to be king,\u201d and Russia\u2019s foreign minister says a flight from the U.S. dollar \u201cis sure to accelerate.\u201d In related news, the historic fall of Italy\u2019s Medici bank could shed some light on movements being witnessed in the global banking sector over 600 years later.<\/strong><\/p>\n

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Jeffrey Tucker on De-Dollarization: USD Will No Longer Be King, We\u2019re at Turning Point for US Dollar<\/h2>\n

Jeffrey Tucker says we are at the turning point for the U.S. dollar, citing a growing de-dollarization trend. \u201cThe dollar\u2019s just not going to be king,\u201d he warned, adding that history will record recent events \u201cas the turning point for the dollar.\u201d<\/p>\n

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De-Dollarization Trend Irreversible, Flight From US Dollar Sure to Accelerate, Says Russian Official<\/h2>\n

Russia\u2019s foreign minister says a flight from the U.S. dollar \u201cis sure to accelerate,\u201d emphasizing that \u201cthis trend is irreversible.\u201d The official added: \u201cThe path of sanctions is the path to nowhere. Serious countries and sober-minded politicians are drawing relevant conclusions and these conclusions are definitely in favor of terminating dependence on the West.\u201d<\/p>\n

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US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony<\/h2>\n

U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions \u201cjudiciously,\u201d as they can create a desire to find alternatives to the U.S. dollar.<\/p>\n

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The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy<\/h2>\n

Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank \u2014 one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers were early adopters of fractional reserve banking, a practice that Medici Bank customers were unaware of, and that ultimately led to the financial institution\u2019s failure.<\/p>\n

Read More<\/strong><\/a><\/p>\n

What are your thoughts on the fate of the U.S. dollar? Will bitcoin rise in prominence if it continues to falter? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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