ND MAR 30 19 SIT EC y POL
ND denounce
Global-neoliberal debacle y propone State-Social + Capit-compet in Eco
ZERO
HEDGE ECONOMICS
Neoliberal
globalization is over. Financiers know it, they documented with graphics
The dollar’s share
of global central-bank reserves slumped to the lowest level since 2013 while
holdings of the Chinese yuan rose for the fifth quarter in the past six, IMF
data showed Friday.
The dollar’s
share of global central-bank reserves slumped to the lowest level since 2013
while holdings of the Chinese yuan rose for the fifth quarter in the past six,
IMF data showed Friday.
The U.S.
currency accounted for 61.7% of global allocated foreign-exchange reserves in
the fourth quarter, down from 61.9% and the tenth decline in the past 12
quarters according to the IMF's Currency Composition of Official Foreign
Exchange Reserves (COFER) for Q4 2018 report. The drop occurred despite a 1%
jump in the value of the dollar in the fourth quarter. The euro, yen and yuan
each gained as a share of allocated reserves. While
modest at just 1.9%, reserve allocation to the Chinese Yuan has been increasing
rapidly and is now almost double where it was two years ago.
See Chart:
Dollar Share of Reserves vs. Yuan Share of Reserves
The chart
below shows the main takeaways from the report: reserve managers actively
decreased their allocation to USD—the share of USD reserves declined despite
modest Dollar appreciation—while they actively added to EUR and CNY reserves. According to Goldman calculations, the drop in Q4 USD reserves was equivalent to just over $50 billion
in dollar reserves sold.
See Chart:
Reserve Managers decrease the Shares of US Reserves
More specifically, the reported USD share of allocated
reserves declined by another 0.3% in Q4. Cumulatively, the USD share has
fallen by 3.7% since the end of 2016 and by 1.0% in 2018 (despite supportive
Dollar price action). Against this, reserve managers continued to add to their
EUR reserves with the reported EUR share increasing by 0.2% this quarter, and
by 1.6% on net since the end of 2016. Both in Q4 and 2018 as a whole, reserve
managers more than offset a weaker Euro to keep the share of EUR reserves on a
rising trend, despite a number of political and growth tensions and concerns.
See Charts:
Finally, the share of Chinese Yuan reserves continued
to increase in Q4, which according to Goldman was almost entirely due to new
inflows, and as the bank concludes "de-dollarization flows from Russia account
for the substantial increase earlier this year."
See Chart:
Back in
September, when the dedollarization trend first emerged, Alan Ruskin, global
co-head of foreign-exchange research at Deutsche Bank said that the shift to
allocated reserves could also be skewing the data: "I
wouldn’t go too far in running with the idea that people are shifting out
dollars in any aggressive sense."
Still, the
ramifications of the shift away from dollars are significant. For more than a
half century, the dollar has been the reserve currency of choice for most of
the world’s central banks, for its depth and stability in global markets.
See Chart:
Reserve currency status dos not las forever
That may be changing: as we reported at the end of
January, both
the Fed and the Treasury Borrowing Advisory Committee (or TBAC) areincreasingly
worried about the future status of the reserve currency as
confirmed by the tongue-in-cheek observation that reserve managers have been
very gradually increasing allocation to other currencies, and that although the USD share of FX reserves has steadily come
down from 72% in 2000 to 62% now, the "USD is still the dominant reserve currency."
See Charts:
….
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US DOMESTIC POLITICS
Seudo democ
duopolico in US is obsolete; it’s full of frauds & corrupt. Urge cambio
"The main force of this new Grand Strategy resides in the fact
that it has not been understood by
the elites of the rest of the world. Washington therefore retains
the effect of surprise, reinforced
by the deliberately chaotic communications of Donald Trump."
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Seriously
planning the start of WW3?.. what about bunkers for the
Nation?
The M53A1 was developed to counter multiple threats encountered on the modern battlefield...
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"My boss only hires white people"
====
"Cults have
ways to deal with disconfirmation, but
there must be a way to salvage some of the original core belief from
the wreckage."
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The electoral college was designed to make it less likely that voters from a single region - or small number of
regions - could impose their will across the entire nation...
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US-WORLD ISSUES (Geo
Econ, Geo Pol & global Wars)
Global
depression is on…China, RU, Iran search for State socialis+K-, D rest in limbo
Residents describe medieval conditions...
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Now that the global economy has stopped expanding and is on the brink
of recession, under these changing conditions the monetary, systemic and economic dangers facing the Eurozone are rapidly
rising...
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SPUTNIK and RT SHOWS
GEO-POL n
GEO-ECO ..Focus on neoliberal expansion
via wars & danger of WW3
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SHOWS
RT
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NOTICIAS IN SPANISH
Lat Am search
f alternatives to neo-fascist regimes & terrorist imperial chaos
REBELION
Epidemia de opioides azota a comunid indígenas Amy y Denis
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RT EN ESPAÑOL
- Fiscalía General de Ecuador abre investigación contra el presidente Moreno por el caso 'INA Papers'
- Trump corta todo el apoyo financiero a Guatemala, Honduras y El Salvador
- Lanzan cinco cohetes desde la Franja de Gaza al sur de Israel
- Rusia: especulaciones USA sobre operaciones militares rusas en Venezuela "no tienen fundamento"
- Opositores y partidarios del gobierno de Maduro marchan en Venezuela
- Cómo actúa y cuánto gasta el lobby israelí en EE.UU.?
- Líder indígena pide a López Obrador que en vez de exigir perdón a España "deje de despojar" a los pueblos originarios
- Los USAnos tienen menos relaciones sexuales que nunca antes STD epidemia?
- Los cubanos mantienen vivas auténticas piezas de museo sobre ruedas
- Biólogos descubren cómo hacer a los humanos 'invisibles' para los mosquitos
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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism
& internal conflicts that favor WW3
-Empire of Chaos in Hybrid War Overdrive By Pepe Escobar
-American soldiers aren't dying for our
freedom in Syria, Iraq and Afghanistan. They're dying for nothing By Jerrod A Laber
-U.S. has shown its approval of territorial
theft By Robert Fisk
-Trump’s Golan will allow Israel to operate
with impunity elsewhere By
Jonathan Cook
-Revealed: Trump-linked US Christian
‘fundamentalists’ pour millions of ‘dark money’ into Europe, boosting the far
right By Mary Fitzgerald and
Claire Provost
-Why Is The Washington Post Inventing
"Warming Ties" Between Trump And Moscow?
By Moon Of Alabama
By Moon Of Alabama
-The Real Costs of Russiagate By Stephen F. Cohen
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GLOBAL RESEARCH
Geopolitics
& Econ-Pol crisis that leads to more business-wars from US-NATO allies
-‘We
Are Running Concentration Camps’: Images from El Paso Stir Outrage over Migrant
Treatment By Eoin Higgins,
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PRESS TV
Resume of
Global News described by Iranian observers..
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