{"id":3895,"date":"2025-10-12T15:16:16","date_gmt":"2025-10-12T15:16:16","guid":{"rendered":"https:\/\/avefi.com\/?p=3895"},"modified":"2025-10-12T15:18:14","modified_gmt":"2025-10-12T15:18:14","slug":"le-dollar-la-fin-dun-mythe","status":"publish","type":"post","link":"http:\/\/avefi.com\/?p=3895","title":{"rendered":"Le Dollar, la fin d&rsquo;un mythe?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3895\" class=\"elementor elementor-3895\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c2f9963 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c2f9963\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8e6f8e8\" data-id=\"8e6f8e8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f158b1 elementor-widget elementor-widget-text-editor\" data-id=\"7f158b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h1 data-start=\"156\" data-end=\"220\">\ud83e\ude99 <strong data-start=\"161\" data-end=\"218\">Le futur de la monnaie : vers un syst\u00e8me tripolaire ?<\/strong><\/h1>\n<h3 data-start=\"221\" data-end=\"275\">\ud83d\udca1 Analyse strat\u00e9gique pour vos choix patrimoniaux<\/h3>\n<hr data-start=\"277\" data-end=\"280\">\n<h2 data-start=\"282\" data-end=\"329\">\ud83d\udcb8 1. <strong data-start=\"291\" data-end=\"329\">Un syst\u00e8me mon\u00e9taire en transition<\/strong><\/h2>\n<p data-start=\"331\" data-end=\"512\">Depuis la fin de la convertibilit\u00e9 du dollar en or en 1971, nous vivons dans un <strong data-start=\"411\" data-end=\"453\">r\u00e9gime de cr\u00e9ation mon\u00e9taire illimit\u00e9e<\/strong>, adoss\u00e9 \u00e0 la dette publique. Cette architecture a permis :<\/p>\n<ul data-start=\"514\" data-end=\"730\">\n<li data-start=\"514\" data-end=\"566\">\n<p data-start=\"516\" data-end=\"566\">La croissance de l\u2019\u00e9conomie mondiale, mais aussi :<\/p>\n<\/li>\n<li data-start=\"567\" data-end=\"596\">\n<p data-start=\"569\" data-end=\"596\">L\u2019<strong data-start=\"571\" data-end=\"595\">inflation r\u00e9currente<\/strong>,<\/p>\n<\/li>\n<li data-start=\"597\" data-end=\"639\">\n<p data-start=\"599\" data-end=\"639\">La <strong data-start=\"602\" data-end=\"638\">formation de bulles sp\u00e9culatives<\/strong>,<\/p>\n<\/li>\n<li data-start=\"640\" data-end=\"730\">\n<p data-start=\"642\" data-end=\"730\">Et une <strong data-start=\"649\" data-end=\"676\">\u00e9rosion de la confiance<\/strong> dans les monnaies fiduciaires (euro, dollar, yen&#8230;).<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"732\" data-end=\"735\">\n<h2 data-start=\"737\" data-end=\"791\"><img decoding=\"async\" draggable=\"false\" role=\"img\" class=\"emoji\" alt=\"\ud83c\uddfa\ud83c\uddf8\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/svg\/1f1fa-1f1f8.svg\"> 2. <strong data-start=\"748\" data-end=\"791\">Le dollar : toujours roi, mais affaibli<\/strong><\/h2>\n<p data-start=\"793\" data-end=\"939\">Le <strong data-start=\"796\" data-end=\"816\">dollar am\u00e9ricain<\/strong> reste la principale monnaie d\u2019\u00e9change internationale (\u224850 % des paiements via SWIFT), mais sa <strong data-start=\"911\" data-end=\"936\">valeur r\u00e9elle s\u2019\u00e9rode<\/strong>.<\/p>\n<blockquote data-start=\"940\" data-end=\"1140\">\n<p data-start=\"942\" data-end=\"1140\">\ud83d\udde3\ufe0f <em data-start=\"946\" data-end=\"975\">Selon Charles-Henry Monchau<\/em>, l\u2019administration Trump pourrait viser une nouvelle strat\u00e9gie coordonn\u00e9e d\u2019affaiblissement du dollar, surnomm\u00e9e officieusement le <strong data-start=\"1106\" data-end=\"1129\">\u00ab\u00a0Mar-a-Lago Accord\u00a0\u00bb<\/strong>, afin de :<\/p>\n<\/blockquote>\n<ul data-start=\"1141\" data-end=\"1311\">\n<li data-start=\"1141\" data-end=\"1181\">\n<p data-start=\"1143\" data-end=\"1181\">Stimuler les exportations am\u00e9ricaines,<\/p>\n<\/li>\n<li data-start=\"1182\" data-end=\"1237\">\n<p data-start=\"1184\" data-end=\"1237\">R\u00e9duire la charge de la dette publique via inflation,<\/p>\n<\/li>\n<li data-start=\"1238\" data-end=\"1311\">\n<p data-start=\"1240\" data-end=\"1311\">Reconfigurer les rapports commerciaux avec ses alli\u00e9s (Japon, Europe\u2026).<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"1313\" data-end=\"1316\">\n<h2 data-start=\"1318\" data-end=\"1359\">\ud83c\udf10 3. <strong data-start=\"1327\" data-end=\"1359\">Un monde mon\u00e9taire fragment\u00e9<\/strong><\/h2>\n<p data-start=\"1361\" data-end=\"1471\">L\u2019\u00e8re de la <strong data-start=\"1373\" data-end=\"1413\">monnaie unique mondiale de r\u00e9f\u00e9rence<\/strong> semble r\u00e9volue. D\u00e9sormais, <strong data-start=\"1441\" data-end=\"1469\">plusieurs p\u00f4les \u00e9mergent<\/strong> :<\/p>\n<h3 data-start=\"1473\" data-end=\"1517\">\ud83d\udccd Chine : vers un p\u00e9troyuan num\u00e9rique ?<\/h3>\n<ul data-start=\"1518\" data-end=\"1712\">\n<li data-start=\"1518\" data-end=\"1589\">\n<p data-start=\"1520\" data-end=\"1589\">Le yuan num\u00e9rique, <strong data-start=\"1539\" data-end=\"1556\">adoss\u00e9 \u00e0 l\u2019or<\/strong>, est en exp\u00e9rimentation avanc\u00e9e.<\/p>\n<\/li>\n<li data-start=\"1590\" data-end=\"1712\">\n<p data-start=\"1592\" data-end=\"1712\">Des projets de <strong data-start=\"1607\" data-end=\"1650\">paiements internationaux en or physique<\/strong> visent \u00e0 contourner le dollar dans les \u00e9changes \u00e9nerg\u00e9tiques.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1714\" data-end=\"1767\">\ud83d\udccd Europe : lancement attendu de l\u2019euro num\u00e9rique<\/h3>\n<ul data-start=\"1768\" data-end=\"1939\">\n<li data-start=\"1768\" data-end=\"1939\">\n<p data-start=\"1770\" data-end=\"1939\">L\u2019euro num\u00e9rique (pr\u00e9vu en octobre 2025) pourrait renforcer l\u2019euro dans la zone europ\u00e9enne, mais reste confront\u00e9 \u00e0 <strong data-start=\"1885\" data-end=\"1938\">des d\u00e9fis de souverainet\u00e9 et d\u2019usage grand public<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1941\" data-end=\"1971\">\ud83d\udccd Pays \u00e9mergents : BRICS+<\/h3>\n<ul data-start=\"1972\" data-end=\"2122\">\n<li data-start=\"1972\" data-end=\"2016\">\n<p data-start=\"1974\" data-end=\"2016\">Volont\u00e9 de <strong data-start=\"1985\" data-end=\"2015\">d\u00e9dollarisation croissante<\/strong>,<\/p>\n<\/li>\n<li data-start=\"2017\" data-end=\"2122\">\n<p data-start=\"2019\" data-end=\"2122\">Mais difficult\u00e9 \u00e0 b\u00e2tir une alternative cr\u00e9dible faute de convertibilit\u00e9, de confiance et de d\u00e9bouch\u00e9s.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"2124\" data-end=\"2127\">\n<h2 data-start=\"2129\" data-end=\"2186\">\ud83e\ude99 4. <strong data-start=\"2138\" data-end=\"2186\">Mont\u00e9e des monnaies de r\u00e9serve \u201csup\u00e9rieures\u201d<\/strong><\/h2>\n<h3 data-start=\"2188\" data-end=\"2199\">\ud83d\udd36 Or :<\/h3>\n<ul data-start=\"2200\" data-end=\"2390\">\n<li data-start=\"2200\" data-end=\"2306\">\n<p data-start=\"2202\" data-end=\"2306\">Retour en force : les <strong data-start=\"2224\" data-end=\"2294\">banques centrales d\u00e9tiennent d\u00e9sormais plus d\u2019or que de Treasuries<\/strong> am\u00e9ricains.<\/p>\n<\/li>\n<li data-start=\"2307\" data-end=\"2390\">\n<p data-start=\"2309\" data-end=\"2390\">Actif tangible, ind\u00e9pendant des \u00c9tats et r\u00e9silient face aux crises g\u00e9opolitiques.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2392\" data-end=\"2408\">\ud83d\udfe7 Bitcoin :<\/h3>\n<ul data-start=\"2409\" data-end=\"2647\">\n<li data-start=\"2409\" data-end=\"2532\">\n<p data-start=\"2411\" data-end=\"2532\">De plus en plus vu comme un <strong data-start=\"2439\" data-end=\"2457\">\u00ab\u00a0or num\u00e9rique\u00a0\u00bb<\/strong> : raret\u00e9 algorithmique, absence d\u2019interm\u00e9diaire, transfert sans fronti\u00e8re.<\/p>\n<\/li>\n<li data-start=\"2533\" data-end=\"2647\">\n<p data-start=\"2535\" data-end=\"2647\">Sa volatilit\u00e9 reste un frein \u00e0 l\u2019usage transactionnel, mais sa <strong data-start=\"2598\" data-end=\"2634\">fonction de r\u00e9serve patrimoniale<\/strong> se renforce.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2649\" data-end=\"2669\">\ud83d\udd01 Stablecoins :<\/h3>\n<ul data-start=\"2670\" data-end=\"2892\">\n<li data-start=\"2670\" data-end=\"2892\">\n<p data-start=\"2672\" data-end=\"2775\">Instruments de <strong data-start=\"2687\" data-end=\"2737\">paiement num\u00e9rique adoss\u00e9s \u00e0 des monnaies fiat<\/strong>, mais de plus en plus utilis\u00e9s pour :<\/p>\n<ul data-start=\"2778\" data-end=\"2892\">\n<li data-start=\"2778\" data-end=\"2825\">\n<p data-start=\"2780\" data-end=\"2825\">le <strong data-start=\"2783\" data-end=\"2810\">financement court terme<\/strong> (via T-Bills),<\/p>\n<\/li>\n<li data-start=\"2828\" data-end=\"2866\">\n<p data-start=\"2830\" data-end=\"2866\">les <strong data-start=\"2834\" data-end=\"2865\">paiements inter-entreprises<\/strong>,<\/p>\n<\/li>\n<li data-start=\"2869\" data-end=\"2892\">\n<p data-start=\"2871\" data-end=\"2892\">les \u00e9cosyst\u00e8mes Web3.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<blockquote data-start=\"2894\" data-end=\"3104\">\n<p data-start=\"2896\" data-end=\"3104\">\ud83e\udde0 <strong data-start=\"2899\" data-end=\"2947\">Une nouvelle hi\u00e9rarchie semble s\u2019installer :<\/strong><br data-start=\"2947\" data-end=\"2950\"><strong data-start=\"2950\" data-end=\"2976\">\u2192 Monnaie \u201cinf\u00e9rieure\u201d<\/strong> : \u00e0 consommer, soumise \u00e0 inflation (euro, dollar).<br data-start=\"3027\" data-end=\"3030\"><strong data-start=\"3030\" data-end=\"3056\">\u2192 Monnaie \u201csup\u00e9rieure\u201d<\/strong> : \u00e0 conserver, valeur de r\u00e9serve (or, Bitcoin).<\/p>\n<\/blockquote>\n<hr data-start=\"3106\" data-end=\"3109\">\n<h2 data-start=\"3111\" data-end=\"3160\">\ud83d\udcca 5. <strong data-start=\"3120\" data-end=\"3160\">Quelles implications patrimoniales ?<\/strong><\/h2>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"group _tableWrapper_1rjym_13 flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"3162\" data-end=\"3794\">\n<thead data-start=\"3162\" data-end=\"3194\">\n<tr data-start=\"3162\" data-end=\"3194\">\n<th data-start=\"3162\" data-end=\"3170\" data-col-size=\"sm\">Th\u00e8me<\/th>\n<th data-start=\"3170\" data-end=\"3184\" data-col-size=\"md\">Opportunit\u00e9<\/th>\n<th data-start=\"3184\" data-end=\"3194\" data-col-size=\"md\">Risque<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"3228\" data-end=\"3794\">\n<tr data-start=\"3228\" data-end=\"3351\">\n<td data-start=\"3228\" data-end=\"3260\" data-col-size=\"sm\"><strong data-start=\"3230\" data-end=\"3259\">Diversification mon\u00e9taire<\/strong><\/td>\n<td data-col-size=\"md\" data-start=\"3260\" data-end=\"3314\">Int\u00e9grer des devises fortes ou rares (CHF, or, BTC)<\/td>\n<td data-col-size=\"md\" data-start=\"3314\" data-end=\"3351\">Volatilit\u00e9 \/ absence de rendement<\/td>\n<\/tr>\n<tr data-start=\"3352\" data-end=\"3478\">\n<td data-start=\"3352\" data-end=\"3391\" data-col-size=\"sm\"><strong data-start=\"3354\" data-end=\"3390\">Revenus en monnaies alternatives<\/strong><\/td>\n<td data-col-size=\"md\" data-start=\"3391\" data-end=\"3435\">Via stablecoins ou obligations en devises<\/td>\n<td data-col-size=\"md\" data-start=\"3435\" data-end=\"3478\">Risque de contrepartie ou de r\u00e9gulation<\/td>\n<\/tr>\n<tr data-start=\"3479\" data-end=\"3615\">\n<td data-start=\"3479\" data-end=\"3510\" data-col-size=\"sm\"><strong data-start=\"3481\" data-end=\"3509\">Patrimoine international<\/strong><\/td>\n<td data-col-size=\"md\" data-start=\"3510\" data-end=\"3575\">Optimiser juridiquement la d\u00e9tention (via structures adapt\u00e9es)<\/td>\n<td data-col-size=\"md\" data-start=\"3575\" data-end=\"3615\">Risque de change \/ fiscalit\u00e9 crois\u00e9e<\/td>\n<\/tr>\n<tr data-start=\"3616\" data-end=\"3794\">\n<td data-start=\"3616\" data-end=\"3645\" data-col-size=\"sm\"><strong data-start=\"3618\" data-end=\"3644\">Num\u00e9risation mon\u00e9taire<\/strong><\/td>\n<td data-col-size=\"md\" data-start=\"3645\" data-end=\"3728\">Suivre les projets (euro num\u00e9rique, tokens bancaires) pour pr\u00e9parer l\u2019adaptation<\/td>\n<td data-col-size=\"md\" data-start=\"3728\" data-end=\"3794\">Risque de centralisation excessive et perte de confidentialit\u00e9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<hr data-start=\"3796\" data-end=\"3799\">\n<h2 data-start=\"3801\" data-end=\"3821\">\ud83c\udfaf L\u2019avis d\u2019AVEFI<\/h2>\n<blockquote data-start=\"3823\" data-end=\"4029\">\n<p data-start=\"3825\" data-end=\"4029\">\u00ab\u202fLe patrimoine de demain ne sera pas seulement immobilier ou financier. Il sera aussi <strong data-start=\"3912\" data-end=\"3925\">mon\u00e9taire<\/strong>, et devra int\u00e9grer de <strong data-start=\"3948\" data-end=\"3978\">nouvelles formes de valeur<\/strong>, num\u00e9riques, rares et r\u00e9sistantes \u00e0 l\u2019inflation.\u202f\u00bb<\/p>\n<\/blockquote>\n<p data-start=\"4031\" data-end=\"4244\">\u27a1\ufe0f Envisager une&nbsp;<strong data-start=\"4034\" data-end=\"4118\">exposition progressive \u00e0 des actifs alternatifs :&nbsp;<\/strong>&nbsp;tangibles (or) ou num\u00e9riques (Bitcoin, stablecoins r\u00e9glement\u00e9s), dans le cadre d\u2019une gestion globale et ma\u00eetris\u00e9e du risque.<\/p>\n<hr data-start=\"4246\" data-end=\"4249\">\n<h2 data-start=\"4251\" data-end=\"4273\">\ud83d\udccc Mentions l\u00e9gales<\/h2>\n<p data-start=\"4275\" data-end=\"4476\"><strong data-start=\"4275\" data-end=\"4476\">Attention : Investir comporte des risques, les rendements pass\u00e9s ne garantissent pas les performances futures. Il est recommand\u00e9 de bien comprendre les caract\u00e9ristiques du produit avant d&rsquo;investir.<\/strong><\/p>\n<p data-start=\"4478\" data-end=\"4578\"><strong data-start=\"4478\" data-end=\"4578\">Publication informative et \u00e0 caract\u00e8re publicitaire. Contactez-nous pour plus de renseignements.<\/strong><\/p>\n<hr data-start=\"4580\" data-end=\"4583\">\n<p data-start=\"4585\" data-end=\"4800\"><strong data-start=\"4585\" data-end=\"4606\">Coordonn\u00e9es AVEFI<\/strong><br data-start=\"4606\" data-end=\"4609\">18 bis rue Am\u00e9lie \u2013 75007 Paris<br data-start=\"4640\" data-end=\"4643\">\ud83d\udcde 01 77 13 78 35<br data-start=\"4660\" data-end=\"4663\">\ud83d\udce9 <a class=\"decorated-link cursor-pointer\" rel=\"noopener\" data-start=\"4666\" data-end=\"4683\">contact@avefi.com<\/a> | <a class=\"decorated-link cursor-pointer\" rel=\"noopener\" data-start=\"4686\" data-end=\"4703\">gestion@avefi.com<\/a><br data-start=\"4703\" data-end=\"4706\">\ud83d\ude87 M\u00e9tro ligne 8 \u2013 La Tour-Maubourg | RER C \u2013 Invalides<br data-start=\"4761\" data-end=\"4764\">\ud83c\udf10 <a class=\"decorated-link\" href=\"http:\/\/www.avefi.com\" target=\"_new\" rel=\"noopener\" data-start=\"4767\" data-end=\"4800\">avefi.com<\/a><\/p>\n<p data-start=\"4802\" data-end=\"4873\">\ud83d\udce9 Pour vous d\u00e9sabonner : <a class=\"decorated-link cursor-pointer\" rel=\"noopener\" data-start=\"4828\" data-end=\"4873\">contact@avefi.com<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3895","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/avefi.com\/index.php?rest_route=\/wp\/v2\/posts\/3895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/avefi.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/avefi.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/avefi.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/avefi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3895"}],"version-history":[{"count":3,"href":"http:\/\/avefi.com\/index.php?rest_route=\/wp\/v2\/posts\/3895\/revisions"}],"predecessor-version":[{"id":3898,"href":"http:\/\/avefi.com\/index.php?rest_route=\/wp\/v2\/posts\/3895\/revisions\/3898"}],"wp:attachment":[{"href":"http:\/\/avefi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/avefi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3895"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/avefi.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}