De-dollarization is undeniable, and the debate about the greenback's dominance is heating up. Here's what Elon Musk, Ray Dalio, Chamath Palihapitiya and 7 others are saying.
"Until [the yuan] is unpacked in a free-floating currency, we will never know what the real market clearing price is," Palihapitiya said."China has been very effectively able to manipulate this currency since they were brought into the WTO, in order to engender that trading partner status," he continued, adding that the dollar will remain the"canonical" flight to safety.
"One area I'm comfortable is I'm short the US dollar," he told the outlet."Currency trends tend to run for two or three years. We have had a long [run] higher.
"While that is a clear risk if the US abuses its 'exorbitant privileges', we see no evidence of that in the data so far , and our strong view is that there is currently no real contender," they added.According to Sullivan, the dollar's dominance could be"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that has eluded the world's other currency unions," he said.
"Either way, the dollar's reign isn't likely to end overnight—but a [BRICS currency] would begin the slow erosion of its dominance," he said.
earlier this month. He added that Malaysia and China are already in talks to utilize the ringgit and renminbi for trade deals.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bill Maher Praises Elon Musk for Transforming the World with TechnologyElon Musk has taken nothing but heat for a while, but he had an ally Friday night -- one Bill Maher.
Read more »
Jack Dorsey says Elon Musk was the 'only alternative' to save TwitterJack Dorsey says Elon Musk was the 'only alternative' for Twitter because it would have 'never survived' as a public company
Read more »
Bill Maher, Elon Musk discuss 'woke mind virus,' Twitter takeover, AI during 'Real Time' interviewHBO host Bill Maher sat down with Elon Musk for a wide-ranging discussion about his takeover of Twitter, concerns about AI and the principle of free speech.
Read more »
Elon Musk and Bill Maher criticize ‘woke mind virus’ on ‘Real Time’Bill Maher and Elon Musk criticized the “woke mind virus” and its implications for society during the comedian’s “Real Time” show on HBO Friday.
Read more »
Elon Musk ‘winning’ billionaire space race even after rocket failElon Musk is viewed as being ahead of competitors Jeff Bezos, Richard Branson in his quest to launch reusable rockets into outer space.
Read more »
Elon Musk tells Bill Maher he's a 'moderate,' pushes sustainable energyElon Musk tells Bill Maher he's a 'moderate' who has championed sustainable energy, which is 'not exactly far-right'
Read more »