The dollar collapse is a deliberate plan to force the starving masses into a digital dollar control grid. [8], Since 2011, China is gradually shifting from trade in US dollar and in favour of Chinese yuan,[9] and in March 2018, China started buying oil in gold-backed yuan. But there is something more sinister behind the move seen in U.S. bonds in September. Exactly you dont know because you fail to understand once one nuke is launched the rest of the world would follow suit and in the end 6-7 billion people are dead, and the ones who survive will likely die from radiation poisoning, and starvation. China, the emerging and competing empire, has already started the process of dumping the American dollar in a careful and coordinated fashion. Now, de-dollarisation is the process of reducing dependency on the dollar and effectively weakening US global position. [31] Apart from this there had been discussion to use Mir Payments system for payments. Folks the biggest sign is when those that trade in the dollar to acquire goods, no longer want the worthless paper because of US bully policies or they have totally lost faith in the US as a responsible steward of its currency and economy. Uh oh, someone is failing to realize the fact that in the past the immigrants pretty much just had to show up at the border, not be Chinese or sick, thats it. India has been slowly moving away from the dollar. If you still dont understand de-dollarisation, an influencer on TikTok has explained it, using the famous movie Mean Girls as a reference. Have also cross-posted all of this material on Twitter under @nyinvesting. But its not just Russia and China that are steering clear of the dollar. The chair of the Financial Times editorial board and US editor-at-large, Gillian Tett, wrote that US banking turmoil, inflation and looming debt ceiling battle is making dollar-based assets less attractive. IT WAS NOT EASY DOING ALL THE RESEARCH TO GET THE GLOBAL MO IES FOR PEACE WHICH WERE IGNORED BY POTUS CLINTON/BUSH/OBAMA/BUSH JR AND TRUMP /PELOSI/ KENNEDYS AND EVEYONE IN THE WORLD AND US GOVERNMENT WHICH WOULD HACE STOPPED THE LATEST CHINA GLOBAL MONETARY ATTACK IN DISGUSE OF A PANDEMIC- MURDER IN DISGUISE AS THE ROCK-N-ROLL PROPHET LEMMY KILMISTER OF MOTORHEAD FORETOLD IN HIS SONG: LOVE ME LIKE A REPTILE !! The Russian leader added, We support using Chinese yuan in transactions between the Russian Federation and its partners in Asia, Africa and Latin America. French media outlet RFI described the trade as a major step in Beijings attempts to undermine the US dollar as universal petrodollar for gas and oil trade. Since China is by far the largest holder of US dollar reserves, this looks like the beginning of the end of the US dollar as the world's reserve currency. [41][42] In 2011, Japan made an agreement with China to trade in national currencies. We need to worry about pronouns! This is what the critics of CBDC really fears the most. When Chinese President Xi Jinping visited Moscow in March, his Russian counterpart Vladimir Putin revealed that two-thirds of the countries bilateral trade is already conducted in the ruble and renminbi. [71] On March 31, 2022, the Economic Times published information that India has offered Russia a new transaction system with the transfer of trade to the ruble and SPFS, which will work through the Reserve Bank of India and Russia's Vnesheconombank. The group of five economically-aligned countries collectively known as BRICS is reportedly on the cusp of a massive expansion. As the name suggests, dedollarisation is a term that refers to the process wherein countries tend to reduce their reliance on the US dollar as a reserve currency, medium of exchange, and also a . The commodities-to-equities ratio recently hit a 50-year low. That day has arrived. When is also the question that I get asked about quite often by thousands of people. "Explained: What Is Dedollarisation & Why Are Countries Dumping The US Dollar? Kenya has signed an agreement with Saudi Arabia and the UAE to buy oil in March, using the shilling the countrys local currency. [60][61] Also, the same month, Argentina and Brazil proposed a common currency for trade which is termed as Sur. [62][63][64] The same month, Brazil and China entered into a preliminary agreement to trade in national currencies instead of US dollar. Depending on the. Just recently, Bangladesh became the 19th country to agree to bilateral trade in Indian rupees. The ASEAN collective is also trying to reduce dependence on the US Dollar, Euro, Yen, and British Pound from financial transactions and move to settlements in local currencies. The Russian leader added, We support using Chinese yuan in transactions between the Russian Federation and its partners in Asia, Africa and Latin America. We should continue promoting settlements in national currencies, and expand the reciprocal presence of financial and banking structures in our countries markets. [68] The system had been in development since 2014, after the United States government threatened to disconnect Russia from the SWIFT system. End of story. In 1944, the Bretton Woods Agreement established the dollar as the worlds reserve currency. North American countries Canada, the U.S., and Mexico round out the top six gold producers, collectively making up 16% of the global total. A large and sudden jump in real interest rates could lead to a further selloff in stocks. You need to get rid of the programs that govt is supporting for immigrants. Scams Crypto101 HodlX H.E. As the recent International Monetary Fund report stated that the dollar still plays an outsized role in global markets despite the US economy representing a shrinking share of global output over the last two decades. You need to be vaporized, retard.Not everyone agrees with the way these criminals run this country, and Im sure that whatever country you are living in is worse than America.Then, again, you may be an American LIBTARD. The Malaysian leaders comments come just months after former officials in Singapore discussed what economies in the region should be doing to mitigate the risks of a still-strong dollar thats weakened local currencies and become a tool of economic statecraft. While technically the U.S. dollar could collapse, it's backing from the largest economy in the world and its status as the global reserve currency, makes that highly unlikely. Once the supply has adequately grown to meet demand, the cycle enters a downswing. Follow us on Facebook, Twitter and Instagram. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ). Both countries, which are perceived as anti-US, are trading in their local currency with one another. Moreover, it doesnt seem to be a longterm viable option. Hording precious metal inflates their prices and produces shortages and waste where these metal should only be applied for industrial use. There was no legal process there was no nothing. Ranked: The U.S. Banks With the Most Uninsured Deposits, Charted: 30 Years of Central Bank Gold Demand, Charted: Commodities vs Equity Valuations (19702023), 200 Years of Global Gold Production, by Country, Visualizing Global EV Production in 2022, by Brand, Silver vs. Stocks: Comparing Performance During Recessions. The US constitution still allow foreigners capable of supporting themselves can come and build their life. But, my ? The media outlet added that Malaysias central bank is developing a payment mechanism so the Southeast Asian country can trade with China using its own currency, the ringgit. Sooklal says the list includes 13 countries that have formally asked to join and an additional six countries that have informally requested to be part of the alliance. Currently, no single currency fully meets these criteria, although the euro and the Chinese yuan have made strides in this regard. During periods of US dollar weakness against major currencies, the US dollars share of global reserves generally declines since the US dollar value of reserves denominated in other currencies increases (and vice versa in times of US dollar strength). [1], The U.S. dollar began to displace the pound sterling as international reserve currency from the 1920s since it emerged from the First World War relatively unscathed and since the United States was a significant recipient of wartime gold inflows. TERMS AND CONDITIONS | CONTACT | ADVERTISE, Authenticator Alert Securing Your Crypto. [72], On March 30, 2023, Deputy Chairman of the State Duma Alexander Babakov on the sidelines of the Russian-Indian Business Forum in New Delhi stated that the BRICS countries can create a new currency that will be backed not by gold but by real resources, including land and rare earth metals. Allowing anyone to come through? The joint statement of Kazakhstan government and national bank stated that their intent is to strengthen their national currency rather than focus on eliminating US dollars. China and Russia are leading the pack in the de-dollarisation drive. The best thing that can and should be done to the U.S. is to vaporize it with thermo-nuclear devices!!! The Federal Reserve, however, continued to increase the money supply, resulting in stagflation and a rapidly declining value of the U.S. dollar in the 1970s. BRICS was formed back in 2006, and the original group did not include South Africa, which joined in 2010. Other countries too are dumping the dollar now. Iran, which is sanctioned by the US, is also carrying out trade with Russia and China in the local currency. It covered an import of medical equipment to combat the COVID-19 outbreak in Iran. In fact, hording these metals are counterproductive. The unilateral sanctions the United States has imposed on countries all across the planet, in flagrant violation of international law, are backfiring. Most of commentory ignored that it is not the US Dollar they want to drop but also other Major Currency considered to be Strong & Safe, Your email address will not be published. All those dollars in foreign accounts will come home, which will annihilate our monetary system. That, we think, only time will tell. The original Bretton Woods Agreement is dead, but the dollar remains the international reserve currency. Even the Financial Times newspaper has acknowledged that a multipolar currency world is emerging. Drugs from Nigeria . [79][80] The governor of the Reserve Bank John Mangudya said that the gold coins will contain one troy ounce of 22-carat gold, and that trade could be carried out both locally and internationally.[80][81][82][83]. [24][25], In August 2018, Venezuela declared that it would price its oil in euros, yuan, rubles, and other currencies. A CDBC will also better track proceed of crime which is problematic with paper currency. ", "The rise and fall of the dollar (or when did the dollar replace sterling as the leading reserve currency? Rising government spending in the 1960s, however, led to doubts about the ability of the United States to maintain this convertibility, gold stocks dwindled as banks and international investors began to convert dollars to gold, and as a result, the value of the dollar began to decline. A major area of focus for existing scholarship on international monetary relations, currency power, and economic statecraft has been the establishment of the US dollar as the world's dominant currency (both as the most commonly held reserve currency and as the most widely used currency for international settlement), and its . The top 20 currencies in use today are the US Dollar, Euro, British Pound, Japanese Yen, Chinese Yuan, Canadian Dollar, Australian Dollar, Swiss Franc, New Zealand Dollar. China and Russia in recent times have pushed more aggressively to unseat the dollar. Some expect that the US dollars share of global reserves will continue to fall as emerging market and developing economy central banks seek further diversification of the currency composition of their reserves. You know not all the people of America agree with Americas government officials and what they do, so you want to kill us all, the land and animals? Economic statecraft is a roundabout way of saying economic warfare. Prepare for a multipolar currency world https://t.co/gCoN2YjEEY, FT World News (@ftworldnews) March 30, 2023. sanctions. This means that contracts for commodities like crude oil and natural gas are almost always priced in dollars. It shows that the share of US dollar assets in central bank reserves dropped by 12 percentage pointsfrom 71 to 59 percentsince the euro was launched in 1999 (top panel), although with notable fluctuations in between (blue line). But as the world has seen recently, even the Saudi kingdom is hedging towards a new global system, and has publicly stated that their ties to the U.S. are open for re-negotiation. Several countries are undertaking this process because they would like to call a halt to dollar hegemony. In essence, its crazy over here. What happens to the rest of the world? For several years, financial analysts, primarily those outside the mainstream of academia, have been warning that any day could be the black swan event that collapses the dollar, and ends U.S. hegemony as caretaker of the world's reserve currency. This will eliminate black budgets and quickly expose any corruption to the currency and public spending. The group of known newcomers includes Saudi Arabia, Iran, Argentina, the United Arab Emirates, Algeria, Egypt, Bahrain, Indonesia, two unnamed nations from East Africa and one from West Africa. . 3 reasons not to worry", "US dollars no longer a quote currency in Venezuela", "Fintech is the new oil in the Middle East and North Africa", " | | ", "Egypt Turns to the Chinese Currency With Yuan-Denominated Bonds | Egyptian Streets", "Egypt seeks to issue $500M in Chinese bonds, $1.5-$2B in sovereign sukuks", "Myanmar to Lower Dollar Reliance in Favor of Ruble, Rupee, Yuan", "Myanmar discussing with Russia use of Mir card for payments", "Government Favours Bolstering Tenge over De-Dollarisation, Says National Bank Chief", "kazakhstan holds rates after inflation surges to 6-year high", "Kazakhstan Hold Rates After Inflation Risks 'Strengthened', "Russia Cuts Dollar Holdings From $119 Billion Wealth Fund Amid Sanctions", "Exclusive: Russia likely to buy yuan on FX market in 2023 - sources", "With a sale of Chinese yuan, Russia kicks off 2023 forex intervention", "Amid Western Sanctions, India Explores Rupee-Ruble Mechanism for Trade with Russia", "India explores 'rupee-rouble' exchange scheme to beat Russia sanctions", " 50%", "China and Russia ditch dollar in move toward 'financial alliance', "China, Japan to trade in own currencies", "So Long, Yankees! A commodity supercycle occurs when prices of commodities rise above their long-term averages for long periods of time, even decades. He also pointed to the beginning of the development of information transfer schemes using blockchains, including the digital ruble and the digital yuan. The core collective consists of Brazil, Russia, India, China . Despite major structural shifts in the international monetary system over the past six decades, the US dollar remains the dominant international reserve currency. Also read: Petrodollar vs Petroyuan: Can China overthrow US in the global oil market? ?NOPE bye bye to great US life stileUS ll become pour ever the night. China And Brazil Ditch US Dollar In Trade Deal Before BRICS Summit", "Beijing creates its own global financial architecture as a tool for strategic rivalry", "European powers launch mechanism for trade with Iran", "INSTEX, A New Channel To Bypass U.S. Sanctions And Trade With Iran", "Europe Circumvents U.S. Sanctions On Iran", ": INSTEX ", "INSTEX successfully concludes first transaction", "European countries to send medical aid to Iran in first INSTEX transaction", "Europe dissolves Iran trade system that never took off", "An Indian rupee-ruble trade arrangement with Russia may be ready in a week", "Russia And Iran Experiment With Stripping Dollars From Their Bilateral Trade", "Iran, Russia take major step for de-dollarizing mutual trade", "UPDATE 1-Iran-Russia trade in domestic currencies -Iran envoy", "Explained: How the Indian rupee is going global and drawing interest from more nations - Times of India", "Russia and Iran are working on a gold-backed cryptocurrency to take on the dominant dollar, report says", "Russia And Iran Eye Up Trade Using Cryptocurrencies To Avoid Dollars And Sanctions", "Brazil and Argentina to discuss common currency", "Argentina and Brazil propose a bizarre common currency", "Brazil and Argentina to start preparations for a common currency", "Drubbing the Dollar: China and Brazil ditch dollar, strike deal to settle trade in yuan, real", "Russia to cut share of U.S. dollar in National Wealth Fund, mulls other currencies", " . [46][47] Since the end of 2019, the EU countries established INSTEX, a European special-purpose vehicle (SPV) to facilitate non-USD and non-SWIFT[48][49] transactions with Iran to avoid breaking U.S. Whoa, that's a . Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of competition from other currencies used by central banks for international transactions. [20], In September 2022, Gazprom CEO Alexey Miller said that they have signed an agreement to make trade payments in rubles and yuan instead of US dollars. Save my name, email, and website in this browser for the next time I comment. Russia and Iran are also working together to launch a cryptocurrency backed by gold, according to Russian news agency Vedmosti. Why did you try sneaking into any country and see how that works out for you ! Money Market Funds/Accounts. The acronym BRICS stands for the countries of Brazil, Russia, India, China and South Africa.
