She also seems to feel like people will care more about her life after she's dead. She's thinking about what she wants to happen to her body, and she wants her family and friends to know that she's in heaven and that she's safe with God ("Lord make me a rainbow, I'll shine down on my mother.She'll know I'm safe with you when she stands under my colors.") I feel like this girl is worried about how she's never really got to experience a full life ("I've never known the lovin' of a man"). Unlike many people who hear this song and think that's it's about a girl who died, I believe that it's about a young girl thinking about what happened if she were to die. Save them for a time when your really gonna need them oh Gather up your tears, keep 'em in your pocket They're worth so much more after I'm a gonerĪnd maybe then you'll hear the words I been singin'įunny when you're dead how people start listenin' So put on your best boys and I'll wear my pearlsĪ penny for my thoughts, oh no I'll sell them for a dollar Who would have thought forever could be severed by There's a boy here in town says he'll love me forever I'm as green as the ring on my little cold fingerīut it sure felt nice when he was holding my hand Life ain't always what you think it ought to be, noĪnd I'll be wearing white when I come into your kingdom She'll know I'm safe with you when she stands under my colors, oh and Lord make me a rainbow, I'll shine down on my mother CNBC's Joanna Tan and Monica Pitrelli contributed to this report.Send me away with the words of a love song "So long as that commands the majority, so long as you don't have another currency system or economy that's willing to step up to that international reach, convertibility and free floating and the responsibility of a reserve currency, it's hard to say dollar will be displaced over the next 3 to 5 years. The international reserve system "is still a U.S.-reserve dominated system," said NatWest's Chia. dollar - that's more than double the share of the euro, the second most-held currency in the world. "That means that it's going to take a long time for any other currency, any single currency to really usurp the dollar from that perspective."ĭata from IMF shows that as of the fourth quarter of 2022, more than 58% of global reserves are held in U.S. "If you look at the yuan reserves as a share of total reserves, it's only about 2.5% of total reserves, and China still has current account restrictions," Chehab said. The Chinese yuan also falls short, Chehab said. " Euro is somewhat an imperfect fiscal and monetary union, the Japanese yen, which is another reserve currency, has all sorts of structural challenges in terms of the high debt loads," Chehab told CNBC. dollar is not expected be dethroned in the near future - simply because there aren't any alternatives right now. Dollar is still kingĭespite the slow erosion of its hegemony, analysts say the U.S. In the Middle East, major oil exporter Saudi Arabia has reportedly signaled it's open to trade in other currencies other than the greenback.Īlthough analysts don't anticipate a complete break away from dollar-denominated oil trade over the short-term, "I think what they're saying more is, well, there's another player in town, and we want to look at how we trade with them on a bilateral basis using yuan," said Chehab. You've got to have alternative place to put those assets," Tinker said. foreign policy, you risk having those confiscated or frozen. "Now you find that if you disagree with U.S. This forced Russia to switch trade to other currencies and increase gold in its reserves. and its western allies have frozen more than $300 billion of Russia's foreign currency reserves and slapped multiple rounds of sanctions on Moscow and the country's oligarchs. dollar as the most traded currency in Russia, according to Bloomberg. The yuan has reportedly replaced the U.S. decision to freeze Russia's foreign currency reserves after Moscow invaded Ukraine in February 2022. Tinker said what accelerated the calls for de-dollarization was the U.S. dollar really is," said Galvin Chia from NatWest Markets told " Street Signs Asia" earlier. "Political risk is really helping introduce a lot of uncertainty and variability around how much of a safe haven that U.S. Geopolitical risks have also accelerated the trend to move away from U.S. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |