Home Improvement and DIY

Transforming our council house hallway.

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I know my parents don't push me towards security because they don't love me. I know they love me, they have always pushed me towards security because they've been through war, famine and poverty. The idea of doing something that you love, is incredibly foreign to my parents. They didn't get to do what they loved, they had to do what they could to stay alive. It's taken so many conversations with my parents to help them truly understand that we no longer live in such a dangerous place. After years of connecting, talking and listening - I was able to open my mum and dad's way of thinking. About 4 years ago my dad comes up to me and said something that truly moved me... He said.. "Son, thanks for not giving up on your dreams and thanks for not giving up on us. Thank you for being patient and helping your mother and I understand this new world." The relationship we have with our parents is one of the most special relationships. Don't give up on them, just because they don't immediately support you in your dreams - take the time to talk with them, explain to them, listen to them and be patient with them.

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Eleven Countries Announce Transition Away from the U.S. Dollar in 2025 A coalition of 11 nations, primarily members of the Commonwealth of Independent States (CIS), has announced plans to phase out the U.S. dollar in international trade and domestic transactions starting in 2025. This move signals a strategic shift toward economic sovereignty and reduced reliance on Western financial systems. Below is a detailed analysis of the decision, its implications, and the broader context: 1. Countries Involved The 11 nations abandoning the dollar include former Soviet republics: - Armenia - Azerbaijan - Belarus - Kazakhstan - Kyrgyzstan - Moldova - Russia - Tajikistan - Turkmenistan - Uzbekistan - Ukraine. Notable Inclusion: Despite ongoing geopolitical tensions, Ukraineis part of this initiative, highlighting a shared economic priority over political disputes . 2. Key Reasons for De-Dollarization - Geopolitical Independence: Reducing vulnerability to U.S. sanctions and financial policies, particularly after Russia faced severe sanctions post-2022 . - Economic Sovereignty: Strengthening local currencies (e.g., ruble, tenge) to control inflation, trade terms, and monetary policy . - Technological Advancements: Leveraging digital currencies and alternative payment platforms (e.g., Russia’s SPFS, China’s CIPS) to bypass dollar-dependent systems . - Regional Cooperation: Increasing intra-CIS trade in national currencies, which already accounts for 85% of transactions among member states . 3. Implementation Timeline. - Phased Transition: The shift will begin gradually in mid-2025, mirroring Russia’s existing de-dollarization model . - No Immediate Ban: Citizens and businesses will adapt incrementally, with governments prioritizing local currencies in official trade and banking systems . 4. Impact on Citizens and Global Markets - Domestic Effects: Ordinary citizens may see reduced dollar circulation over time, though no fines are imposed for holding dollars. Banks and businesses will transition to local currencies for cross-border transactions . - Global Implications: - Weaker Dollar Influence: The dollar’s share in global trade (currently 80%) and reserves (57%) may gradually decline, though its dominance remains intact for now . - Sanction Evasion: Reduced dollar dependency could undermine U.S. financial leverage, as seen in Russia-China trade (95% in ruble/yuan) . - Multipolar Currency System: Currencies like the yuan, euro, and digital assets may gain traction, diversifying the global financial landscape . 5. Expert Perspectives - Joyce Chang (JP Morgan): Acknowledges the dollar’s dominance but warns of "early signs of weakening," predicting a decades-long transition . - Gary Hufbauer (Economist): Notes that reduced dollar usage could raise U.S. borrowing costs and complicate sanctions enforcement . - Vladimir Putin: Emphasizes the success of CIS trade in national currencies, calling it a step toward "economic resilience". While the dollar remains the world’s primary reserve currency, the 2025 de-dollarization initiative marks a symbolic challenge to U.S. economic hegemony. This move reflects broader trends of financial multipolarity, driven by geopolitical tensions and technological innovation. For now, the dollar’s collapse is unlikely, but its unchallenged supremacy may be nearing an inflection point . Recommendation: Investors and businesses should monitor exchange rate volatility and diversify portfolios to navigate this evolving landscape. #fyp

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⁣Calling all Africans to unite in planning for a brighter future! Let's envision, strategize, and work together to create a path that leads to prosperity and sustainability. Our continent's potential is limitless, and by planning ahead, we pave the way for generations to come. 💡🌱 Join the movement!

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