2023-10-13 09:15 |
The recent flare-up of violence between Israel and Hamas has captured global attention. But beyond the humanitarian crisis, the conflict may have wider implications for the global financial system according to finance YouTube channel Black Swan Capitalist.
In a recent video, the host suggests that the Israel-Hamas war is being engineered by central banks to accelerate the decline of the US dollar as the dominant global reserve currency.
War and Central Bank InterestsThe host argues that central banks use war situations to print money and prop up markets, strengthening national currencies in the short-term. However, this leads to devaluation long-term.
The Israel-Hamas conflict is being provoked by external players to stimulate economic growth through military spending. But increased money printing could trigger high inflation globally if overused.
The Search for a New Global ReserveWith the dollar’s position threatened, the host predicts central banks will start accumulating alternative reserve assets. This is where digital assets like XRP come in.
XRP is highlighted as a top contender to become a new global reserve currency as it provides fast, low-cost cross-border transactions. A settlement in the SEC’s lawsuit against Ripple could pave the way for XRP’s rise.
Economic and Humanitarian CostsWhile central banks may profit off conflict, inflated wartime spending and money printing brings economic perils. Supply chain disruptions and rising oil prices are already making goods more expensive.
Beyond the economic impact, the host notes the humanitarian cost of the Israel-Hamas war. The complex situation involves many competing interests, with civilians paying the price.
The host urges seeking peaceful solutions to prevent further loss of life in the conflict. Ultimately, war is too high a price to pay in reforming the global financial system. Diplomatic engagement and cooperation between nations is a better path forward.
We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
The post The Israel-Palestine Conflict Could Accelerate XRP’s Rise as a Global Reserve Currency According to Top Analyst appeared first on CaptainAltcoin.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
Global Currency Reserve (GCR) на Currencies.ru
|
