I have zero faith in any of the money printers not to completely print the dollar into oblivion. Countries get tired of holding devaluing dollars the same way that Americans do.
I have plenty of faith that it’s a purposeful evil agenda now in high gear to destroy western economies and bring on digital enslavement via CBDC. Covid tyranny greased the skids.
America is an energy intensive consumer spending economy which is why our low point was 2008/09 after the disastrous Bush/Cheney regime that ended with Bush taking a victory lap at the 2008 Beijing Olympics. We are now energy dominant and the dollar is stronger than it’s been since before the Bush/Cheney regime. Trump so far has been a positive force in American politics because he has acted as an enema and expunged Bush/Cheney out of our system…smelly. ;)
Agree...Digital or not, I am moving into Brics as soon as possible. Besides, do you beelieve these countries are so wedded to a controlled /non floating currency versis wiping the US off the map? I think there are some very smart miinds behind this....and I think they know what they have to do to dislodge the dollar as the worlds (declining) reserve currency...and get rid of the petrodollar .
I 100% agree with you on point #2...However, for point #1 I'm not on board.
I'm American, but travel and now live in Yucatan Mexico.
I can tell you that Europe has ZERO faith in us and I was just in several Nordic countries last month and they are not Pro-US...AT ALL...They're waiting for us to sink.
In Mexico, I have seen my currency exchange drop almost 16% in less than a year.
I used to get about 19.8 pesos per dollar and now only get between 16.2-16.8 pesos.
That's a loss of about $150 dollars per $1000 difference and it's speeding down.
No one with any intelligence wants the Dollar and they are looking at other currencies such as the Russian Ruble, which people never mention, but is the hottest currency going on 2 years.
They have almost zero inflation and their currency went from I believe 126.5 rubles to the dollar to 90.1...That's a rise of 40.1%.
Our garbage script is worthless, as the federal reserve keeps our valuable T-Bills and gives us paper or electronic credit for which they have no collateral.
90%+ of dollars don't exist...It's just blips on a screen.
Might want to see who is manipulating the currency and charging us interest for absolutely nothing...I'll call them "The Bagel Boyz."
BRICS may not overtake the dollar, but the dollar appears to be on a path of planned self-destruction.
Perfectly timed, of course, for CBDC's, as soon as digital id's are worked out.
This will be the enforcement mechanism of remaining populations after mass poisonings/pandemics by the centrally organized world government that the UN, WHO, the European Union, and the likes of Bill Gates and Larry Fink dream of.
Are you really that stupid or did you just happen to drink too much of the FED's cool-aid. Maybe you can tell us why then are many of the some 30 other countries wanting to belong to the BRICS conglomerate are also sending their dollars back and demanding gold in return.
Every nation which is using the corrupt "Fractional Reserve Currency" back by nothing are showing signs of major economic problems. There is now no such thing as the "U.S. dollars being backed by the “full faith and credit” of the U.S. government." It now doesn't mean squat because our dollars are back by nothing, as Biden and his cronies are trying to destroy that Good Faith with very stupid policies.
The BRICS will assuredly usurp the dollars dominance which will make transparent all the criminality the FED has invoked around the world forcing the use of our fiat currency. You see, Fiat Currency is not Money and since Nixon in 1971 took us off the gold standard it has allowed the banking cabal to play fast and loose with our economics, and when those outstanding dollar come flooding back in the FED will have nothing to stave off the collapse, including that disgusting CBDCs. line of BS !!!
Disagree, petrodollar is dead. US continues and will continue to print money into oblivion. The fact that 40+ countries expressed interest in signing up with BRICS speaks volumes.
The world is tired of the USA weaponizing the dollar. We need our house in order before we inflate the dollar into the stratosphere. Balance the damn budget!
Bitcoin is highly susceptible to the 51% attack, and central banks can print money and deploy this attack. There was already an instance of this years ago.
Sorry, the USA blew point number 1 of trust when we use the fiat dollar over other countries. The Fed, who are private bankers, just inflated the dollar by printing trillions. The Bank of International Settlement and IMF are looking to set up the digital currency enslavement. None of these systems appeal.
As commenter Tanto Minchiata mentioned, BRICS doesn’t need to replace the dollar to do damage it only needs to erode some demand and it seems impossible that it will not. That’s bad news for anyone holding dollars or dollar based assets. China had a lot of those btw. They could easily create a flash crash in an instant.
I don’t see BRICS totally replacing the dollar and you didn’t mention the most important reason imo. If some of these smaller countries move to BRICS we will either coup whoever is running the country or bomb the shit out of them. A lot of countries are afraid of us, and it’s going to take a lot of trannies joining the military to change that...it’ll be a while.
The idea of a dollar's demise is propagated by the gold bugs who always believe gold is a buy. They push it constantly, so you'll buy more gold. This Brics's explanation being pushed that the dollar is failing is wrong and is more of the same, don't fall for it. They are using the new Bric system as a means to sell gold. This does not mean I hate gold; I own it. But it has its times when it shines and does not, like any other asset. Gold is NOT money, and it's an investment or asset.
Now, the Bics. What is most of the Bric nation's income or their larger share? The US consumer. No other country has a more extensive consumer base than the US. China is trying to build its consumer base, they are making progress, but still, they rely on the US. So to sell to the largest market in the world, what must a country do first? They must turn their currency into dollars. No US institution will buy bric products and pay in bric cash. Buyers pay in dollars, and bric sellers must accept them. This means the dollar is king, for now, at least. Furthermore, the US sells a considerable quantity of goods and services worldwide, and what do they demand in payment? Dollars. The real reason these bric nations are forming their settling currency is because of the imbecilic Neocons who are bent on starting ww3.
Because of the manufactured crises in Ukraine, the sanctions against Russia, and the removal of Russia from the SWIFT settling system to punish them. The neocons have destroyed the world's global economy; they have split it in two. The Bric nation will now settle transactions in their settlement system with a currency other than dollars. China sees the handwriting on the wall; they know they are next after Russia, so they are preparing now before sanctions. India and other countries see America trying to take over the world with their neocons militarily. This is what is causing the BRIC nation to go on their own; it's not problems with the dollar; it is the idiots that have taken over the US administration and ruined the world economy because of their hatred for Russia and the continued belief of world domination of the US.
There will come a day when the world moves away from dollars.
Saudi,and the opec nations have ditched the dollar. Mexico has ditched the dollar. Only a fool would stay with a fake currency vs an asset backed one. The US dollar is toast
That is not exactly true. No one ditched anything. They simply allow other currencies. This is what I am talking about. Youve bern brain washed. US dollars will fall, just not now, they will go higher first. The dollar is the go to currency by many factors; this will change in the future.
This is a good article and it’s mostly right. It’s going to be very difficult if not impossible for this particular group to somehow unseat the dollar for the reasons mentioned. But they don’t have to dethrone the dollar to hurt its status. I’d they can settle big cross border transactions without requiring dollars then the demand for the currency will go down and that will impact the strength of the currency. If fewer countries want dollars, the dollar gets devalued further than the morons at the Fed and Treasury are already doing . Who’s gonna buy our bonds when we want to recklessly overspend a few trillion on some totally unnecessary fake crisis or two? That’s where the trouble is. It’s just another big crack in a cracking facade. It’s true that England or Germany aren’t going to want to hold into a bunch of rubles or whatever basket the BRICS creates. But the appetite for dollars will go down. And that will have a negative effect.
The dollar unseated itself. A currency with actual assets backing it will finish it off for good. Only a moron would trade in debt dollars vs gold backed brics bucks
Maybe all the drama is just the oligarchs tiffs they’re literally play fighting each other using humans as pieces. Our only hope is mass awakening or ... oh shit... We’re already in a vice grip it’s really hard to visualise just how the fuck we’re going to get out of this one. I try to just enjoy the days when things are fairly normal.
As long as the American consumer remains the key economic engine that powers the world's economy, everyone will be required to own dollars to do business here. Only when that changes will another currency be able to threaten the dollar.
There is a lot of commerce between nations besides the USA that currently requires dollars and US corrrespondent banks for settlement of cross border transactions because if the nature of the international payments system and dollar dominance. With a working BRICS alternative in place they’ll be able to do this without dollars at all. With digital CBDCs they’ll be able to do it faster and cheaper as well. That doesn’t mean everybody is gonna jump on that right away. But gradually that will significantly erode demand for dollars and that will reduce our ability to manipulate other countries into accepting our political and economic ultimatums. It will also cause economic issues in the USA. It’s not the end of the dollar, but it’s a chip off the edifice.
I have zero faith in any of the money printers not to completely print the dollar into oblivion. Countries get tired of holding devaluing dollars the same way that Americans do.
I have plenty of faith that it’s a purposeful evil agenda now in high gear to destroy western economies and bring on digital enslavement via CBDC. Covid tyranny greased the skids.
America is an energy intensive consumer spending economy which is why our low point was 2008/09 after the disastrous Bush/Cheney regime that ended with Bush taking a victory lap at the 2008 Beijing Olympics. We are now energy dominant and the dollar is stronger than it’s been since before the Bush/Cheney regime. Trump so far has been a positive force in American politics because he has acted as an enema and expunged Bush/Cheney out of our system…smelly. ;)
We were energy dominate during Trump admin, now we only export natural gas to Europe who we blackmailed into sabotage of their own cheap supply.
We weren’t energy dominant under Trump, we are energy dominant now and you apparently don’t like it. Weird!
Agree...Digital or not, I am moving into Brics as soon as possible. Besides, do you beelieve these countries are so wedded to a controlled /non floating currency versis wiping the US off the map? I think there are some very smart miinds behind this....and I think they know what they have to do to dislodge the dollar as the worlds (declining) reserve currency...and get rid of the petrodollar .
I 100% agree with you on point #2...However, for point #1 I'm not on board.
I'm American, but travel and now live in Yucatan Mexico.
I can tell you that Europe has ZERO faith in us and I was just in several Nordic countries last month and they are not Pro-US...AT ALL...They're waiting for us to sink.
In Mexico, I have seen my currency exchange drop almost 16% in less than a year.
I used to get about 19.8 pesos per dollar and now only get between 16.2-16.8 pesos.
That's a loss of about $150 dollars per $1000 difference and it's speeding down.
No one with any intelligence wants the Dollar and they are looking at other currencies such as the Russian Ruble, which people never mention, but is the hottest currency going on 2 years.
They have almost zero inflation and their currency went from I believe 126.5 rubles to the dollar to 90.1...That's a rise of 40.1%.
Our garbage script is worthless, as the federal reserve keeps our valuable T-Bills and gives us paper or electronic credit for which they have no collateral.
90%+ of dollars don't exist...It's just blips on a screen.
Might want to see who is manipulating the currency and charging us interest for absolutely nothing...I'll call them "The Bagel Boyz."
Ok Pladimir Vutin. ;)
call me pladimir too. I am kicking myself I didn't open a ruble account a year and a half ago.
.....troll alert ch.mein....
Trust me I'm mad too.
40% in less than a year would have got me a brand new FREE SUV.
Crap now I am kicking myself more...I really need to follow my instincts.
BRICS may not overtake the dollar, but the dollar appears to be on a path of planned self-destruction.
Perfectly timed, of course, for CBDC's, as soon as digital id's are worked out.
This will be the enforcement mechanism of remaining populations after mass poisonings/pandemics by the centrally organized world government that the UN, WHO, the European Union, and the likes of Bill Gates and Larry Fink dream of.
The dollar is dead, we are just still in the denial phase
Are you really that stupid or did you just happen to drink too much of the FED's cool-aid. Maybe you can tell us why then are many of the some 30 other countries wanting to belong to the BRICS conglomerate are also sending their dollars back and demanding gold in return.
Every nation which is using the corrupt "Fractional Reserve Currency" back by nothing are showing signs of major economic problems. There is now no such thing as the "U.S. dollars being backed by the “full faith and credit” of the U.S. government." It now doesn't mean squat because our dollars are back by nothing, as Biden and his cronies are trying to destroy that Good Faith with very stupid policies.
The BRICS will assuredly usurp the dollars dominance which will make transparent all the criminality the FED has invoked around the world forcing the use of our fiat currency. You see, Fiat Currency is not Money and since Nixon in 1971 took us off the gold standard it has allowed the banking cabal to play fast and loose with our economics, and when those outstanding dollar come flooding back in the FED will have nothing to stave off the collapse, including that disgusting CBDCs. line of BS !!!
Summed up nicely!!!
Disagree, petrodollar is dead. US continues and will continue to print money into oblivion. The fact that 40+ countries expressed interest in signing up with BRICS speaks volumes.
The world is tired of the USA weaponizing the dollar. We need our house in order before we inflate the dollar into the stratosphere. Balance the damn budget!
Bitcoin is highly susceptible to the 51% attack, and central banks can print money and deploy this attack. There was already an instance of this years ago.
Good thing most of bitcoin has already been mined and the banksters don’t own it :)
Mining is moot re: 51% attack.
Sorry, the USA blew point number 1 of trust when we use the fiat dollar over other countries. The Fed, who are private bankers, just inflated the dollar by printing trillions. The Bank of International Settlement and IMF are looking to set up the digital currency enslavement. None of these systems appeal.
As commenter Tanto Minchiata mentioned, BRICS doesn’t need to replace the dollar to do damage it only needs to erode some demand and it seems impossible that it will not. That’s bad news for anyone holding dollars or dollar based assets. China had a lot of those btw. They could easily create a flash crash in an instant.
I don’t see BRICS totally replacing the dollar and you didn’t mention the most important reason imo. If some of these smaller countries move to BRICS we will either coup whoever is running the country or bomb the shit out of them. A lot of countries are afraid of us, and it’s going to take a lot of trannies joining the military to change that...it’ll be a while.
We are out of ammo, we won’t be able to afford to bomb anyone without worldwide dollar backing
There are enough countries to eliminate the petrodollar now. Over 80% of the world’s population consist of BRICS.
The petrodollar is toast. Period.
The idea of a dollar's demise is propagated by the gold bugs who always believe gold is a buy. They push it constantly, so you'll buy more gold. This Brics's explanation being pushed that the dollar is failing is wrong and is more of the same, don't fall for it. They are using the new Bric system as a means to sell gold. This does not mean I hate gold; I own it. But it has its times when it shines and does not, like any other asset. Gold is NOT money, and it's an investment or asset.
Now, the Bics. What is most of the Bric nation's income or their larger share? The US consumer. No other country has a more extensive consumer base than the US. China is trying to build its consumer base, they are making progress, but still, they rely on the US. So to sell to the largest market in the world, what must a country do first? They must turn their currency into dollars. No US institution will buy bric products and pay in bric cash. Buyers pay in dollars, and bric sellers must accept them. This means the dollar is king, for now, at least. Furthermore, the US sells a considerable quantity of goods and services worldwide, and what do they demand in payment? Dollars. The real reason these bric nations are forming their settling currency is because of the imbecilic Neocons who are bent on starting ww3.
Because of the manufactured crises in Ukraine, the sanctions against Russia, and the removal of Russia from the SWIFT settling system to punish them. The neocons have destroyed the world's global economy; they have split it in two. The Bric nation will now settle transactions in their settlement system with a currency other than dollars. China sees the handwriting on the wall; they know they are next after Russia, so they are preparing now before sanctions. India and other countries see America trying to take over the world with their neocons militarily. This is what is causing the BRIC nation to go on their own; it's not problems with the dollar; it is the idiots that have taken over the US administration and ruined the world economy because of their hatred for Russia and the continued belief of world domination of the US.
There will come a day when the world moves away from dollars.
It's not today.
Saudi,and the opec nations have ditched the dollar. Mexico has ditched the dollar. Only a fool would stay with a fake currency vs an asset backed one. The US dollar is toast
That is not exactly true. No one ditched anything. They simply allow other currencies. This is what I am talking about. Youve bern brain washed. US dollars will fall, just not now, they will go higher first. The dollar is the go to currency by many factors; this will change in the future.
Ed Dowd says the dollar right now is failing up...but it won't always.
Exactly.
This is a good article and it’s mostly right. It’s going to be very difficult if not impossible for this particular group to somehow unseat the dollar for the reasons mentioned. But they don’t have to dethrone the dollar to hurt its status. I’d they can settle big cross border transactions without requiring dollars then the demand for the currency will go down and that will impact the strength of the currency. If fewer countries want dollars, the dollar gets devalued further than the morons at the Fed and Treasury are already doing . Who’s gonna buy our bonds when we want to recklessly overspend a few trillion on some totally unnecessary fake crisis or two? That’s where the trouble is. It’s just another big crack in a cracking facade. It’s true that England or Germany aren’t going to want to hold into a bunch of rubles or whatever basket the BRICS creates. But the appetite for dollars will go down. And that will have a negative effect.
Bitcoin, bitches.Bitcoin. HODL.😏
The dollar unseated itself. A currency with actual assets backing it will finish it off for good. Only a moron would trade in debt dollars vs gold backed brics bucks
Jord, you’re crushing it bro. Say more. Don’t stop.
Maybe all the drama is just the oligarchs tiffs they’re literally play fighting each other using humans as pieces. Our only hope is mass awakening or ... oh shit... We’re already in a vice grip it’s really hard to visualise just how the fuck we’re going to get out of this one. I try to just enjoy the days when things are fairly normal.
As long as the American consumer remains the key economic engine that powers the world's economy, everyone will be required to own dollars to do business here. Only when that changes will another currency be able to threaten the dollar.
There is a lot of commerce between nations besides the USA that currently requires dollars and US corrrespondent banks for settlement of cross border transactions because if the nature of the international payments system and dollar dominance. With a working BRICS alternative in place they’ll be able to do this without dollars at all. With digital CBDCs they’ll be able to do it faster and cheaper as well. That doesn’t mean everybody is gonna jump on that right away. But gradually that will significantly erode demand for dollars and that will reduce our ability to manipulate other countries into accepting our political and economic ultimatums. It will also cause economic issues in the USA. It’s not the end of the dollar, but it’s a chip off the edifice.
Who's to say that any of the countries will enjoy the benefits of the dollar system as opposed to the new currency.