I'm just glad we have the right leadership right now to be on top of this. Biden and Yellen and friends will take care of it, surely.

"De-dollarization of the world": A French expert predicts the inevitability of the world's players abandoning the dollar—the U.S. has turned it into an economic weapon.

"Turning their currency into an instrument of political pressure, the Americans themselves unwittingly began a… pic.twitter.com/YtbYkgnGh2

— GraphicW (@GraphicW5) April 4, 2023

"De-dollarization of the world": A French expert predicts the inevitability of the world's players abandoning the dollarthe U.S. has turned it into an economic weapon.

"Turning their currency into an instrument of political pressure, the Americans themselves unwittingly began a worldwide movement to impeach the dollar king." In 2014, BNP Paribas was forced to pay a $9 billion fine to the U.S. for legally, under European and French law, financing in dollars exports from Cuba, Sudan, and Iran, even though these three states were under an American embargo. The U.S. considered this case to be within its competence, because the transactions were made through a BNP Paribas account in New York.

This is how the Americans imposed their rights on other countries. and the European companies were forced to comply. We saw this when they left Iran in 2018 after Trump unilaterally terminated the 2015 Iran nuclear deal.

The next step in "transforming the dollar into a weapon" was the freezing of the Russian Central Bank's dollar reserves in 2022 amid Russia's special operation in Ukraine. Non-Western leaders then said to themselves, "If I am at war with my neighbor, and this conflict does not please Washington, I may suddenly lose most of my foreign exchange reserves." So I'm cutting back on my trade in dollars. This is what both Russia and Saudi Arabia are doing nowtheir last oil bill was to China in renminbi. Moreover, the BRICS countries are planning to create their own currency for trade.

China has already developed its own interbank electronic payment system, which is an alternative to Swift, controlled by the West. The de-dollarization of the world will not be completed overnight. But it is clearly an irreversible movement.

First CNN does a segment on de-dollarization, now Fox News also.

What is going on here?

🔊

pic.twitter.com/uBocFnLIMJ

— Wall Street Silver (@WallStreetSilv) March 27, 2023

The number of announcement like this are become too many to track. De-dollarization. It will be interesting to see how much of it is real over the next few years.

Are all of these similar such announcements serious? Or just hot air? pic.twitter.com/7yBVrkQGIw

— Wall Street Silver (@WallStreetSilv) April 5, 2023

Vladimir Putin says Russia supports the use of the Chinese yuan for conducting transactions between Asia, Africa, and Latin America. This stance aligns with the ongoing trend of de-dollarization and the shift towards a multi-polar global order.pic.twitter.com/lj89MhVkAa

— kanekoa.substack.com (@KanekoaTheGreat) March 22, 2023

The de-dollarization is happening much faster than expected with Yuan gaining huge popularity. It's bye bye dollar everywhere. The dollar's days are now numbered. pic.twitter.com/P2HRFbWkAj

— Hassan Mafi ‏ (@thatdayin1992) March 30, 2023

De-Dollarization
Why countries are dropping the dollar.
A critical step in the destruction of America. pic.twitter.com/CJ3rFpyHii

— EB (@_Tweetiez) April 4, 2023

It's almost like China is funding the destruction of this country.

It'll be fun for a while as my exports go crazy due to a cheap dollar for once.

Man. It would be so nice to have something digital that is finite, immutable, decentralized, censorship resistant and that can act as a medium of exchange/store of value. Something to fall back on in the event this transition goes poorly.

not a conspiracy theory it is going to happen and sooner than most predict. i do not believe most understand the catastrophic consequence of this development. it will be a devastating event that will have ripple effects around the world.

i have discussed the deagel report before in threads. i came accross it about a decade ago. when i read it i couldn't fathom how they came to their conclusions. after covid and the covid jab and sprinkle in the fall of the us dollar it is becoming very clear.

To another less stable, more vulnerable to inflation currency?

The dollar is pretty bad right now but it's also still by far objectively the best option out there amongst fiat currencies.

The question is if all these nations are really willing to cut off their noses to spite their faces and increase risk and loss just to move to an alternative.

The US should tear up any defense treaty or pact with nations that threaten to leave the Dollar.

Protecting the world for 80+ years at the expense of the US.

After defense treaties, are trade treaties. As one of thr biggest economies with a stable population, you don't use the dollar standard, your entire nation and products lose market access. Those 2 options will whipsaw people's heads.

The amount of dollar denominated debt in the world creates an incredible amount of demand for dollars. Countries negotiating trade deals that avoid the dollar will have little effect on the value of the dollar.

Unfortunately for this country, the artificial strength of the dollar caused by global dollar denominated debt has given our politicians carte blanche the run massive deficits with virtually no adverse consequences.

It will be massive defaults in global dollar denominated debt that triggers the collapse of the dollar. That day is coming.

Great job Democrat and RINO voters. You've either knowingly helped set the stage for the weakening of America or you were a naive pawn by globalists.

This is what happens when you continue with the foolish mantra of we must vote for the lesser of two evils that have a realistic shot at winning rather than sticking to principles of what is actually best for the country in the long run.

If all other countries in the world already trade and reserve a currency other than their own currency, but that has not caused them economic catastrophe, why would less trade in US dollars cause a US economic catastrophe?

Tea Party said:

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Great job Democrat and RINO voters. You've either knowingly helped set the stage for the weakening of America or you were a naive pawn by globalists.

This is what happens when you continue with the foolish mantra of we must vote for the lesser of two evils that have a realistic shot at winning rather than sticking to principles of what is actually best for the country in the long run.

---

Win At Life said:

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If all other countries in the world already trade and reserve a currency other than their own currency, but that has not caused them economic catastrophe, why would less trade in US dollars cause a US economic catastrophe?

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Simple supply and demand

If less demand to hold dollars to settle international trade then interest rates on US Treasuries need to go up to attract buyers.

Current 10-year is 3.3%. We are able to finance our $31 Trillion at that rate. At 6%, 7%, or 8% it becomes harder and harder to finance the debt. (its much more complicated than that but its the simple explanation)


Beyond that if rates spike in an uncontrolled environment (this is the big worry of the FED) then derivatives held by financial institutions start to blow up. i.e - banks fail.

anyone who doesnt think Covid was intentional is a moron. look at the situation: the country with the most people and origin of the disease have fewer cases than half the world. that's not because of good policies. they created a bioweapon to intentionally destabilize the US economy and rid the dollar. and we're over here fighting about blm and trans rights. they had a plan, and executed it to perfection.

“Our currency is crashing and will soon no longer be the world's standard. Which will be our greatest defeat, frankly, in 200 years.”

Not a bad time to learn about Bitcoin.

pic.twitter.com/IoPTP0kr6X

— Wealth Theory (@Wealth_Theory) April 5, 2023

It's almost like I haven't been stating this for the last 5+ years consistently, despite stones hurled.

(But we're the best! But we have the best military, but But but...) look in the mirror,

if our country was a person it once was strong, stood up tall, took care of any ills wrought against it, full of friends and feared by enemies.

now that same person is fat and sloven, chugging diet cokes or booze, distracted by cable TV shouting politics, and mostly alone and full of self-hatred and/or suicidal ideation after seeing plethora of pharma commercials in-between breathless fox/CNN diatribes.

What group of people would want a leader that looks and behaves like the latter?

None people, except those addicted to the perverted and corrupt behaviors our institutions wrought upon their countries.

Walk away.

Detmersdislocatedshoulder said:

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not a conspiracy theory it is going to happen and sooner than most predict. i do not believe most understand the catastrophic consequence of this development. it will be a devastating event that will have ripple effects around the world.

i have discussed the deagel report before in threads. i came accross it about a decade ago. when i read it i couldn't fathom how they came to their conclusions. after covid and the covid jab and sprinkle in the fall of the us dollar it is becoming very clear.

---

What is the deagel report

Skillet Shot said:

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Detmersdislocatedshoulder said:

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not a conspiracy theory it is going to happen and sooner than most predict. i do not believe most understand the catastrophic consequence of this development. it will be a devastating event that will have ripple effects around the world.

i have discussed the deagel report before in threads. i came accross it about a decade ago. when i read it i couldn't fathom how they came to their conclusions. after covid and the covid jab and sprinkle in the fall of the us dollar it is becoming very clear.

---

What is the deagel report

---

It's the counterpoint to the Smeagol report.

Is purchasing physical gold/silver with saved cash the knee jerk response or the correct response?

When the power is out, how are you going to access your imaginary money?

Whatever happened to JeffHamilton82 or whatever his name was...his 2027 economic collapse prediction is looking like it's on the fast track the way things are going

Pepper Brooks said:

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Man. It would be so nice to have something digital that is finite, immutable, decentralized, censorship resistant and that can act as a medium of exchange/store of value. Something to fall back on in the event this transition goes poorly.

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I'd wager the US government can and will take down Bitcoin at the time of their choosing.

IndividualFreedom said:

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Is purchasing physical gold/silver with saved cash the knee jerk response or the correct response?

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Diversifying your portfolio to account for current and future risk is the correct response.

Purchasing gold and silver is a part of that strategy. 10% allocation held in physical possession isn't a bad idea.

If you don't know what to do, do what the wealthy do. Physical gold and silver is in high demand currently. Check out any PM dealer and their premiums on their inventories, demand is ridiculous at the retail level. At the institutional level demand is high also. Countries are accumulating. Central banks are accumulating. Commercial banks are accumulating. Family offices are doing the same.

Wealth is moving out of dollar into precious metals (Not for every transaction but to hedge their portfolios against downside risk of the devaluation of the dollar)


As far as silver as an investment....its a commodity that is 1/2 the price of its all time high from 30 years ago, it has enormous industrial applications (EVs and solar panels need it), it has been manipulated via paper derivative trading by the largest financial institutions in the world for years (JP Morgan paid nearly a trillion in fines for doing so), is currently trading at 80 to 1 against gold but has a historic 8 to 1 ratio, and is actually mentioned in the US Constitution as legal tender. (to say silver has upside potential, is an understatement....).

Article I, Section 10, Clause 1:

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility

AlaskanAg99 said:

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When the power is out, how are you going to access your imaginary money?

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Tell me more about your scenario. After a week of power (global) outage, money will cease to exist as a relevant term. Only force will be useful at that point.

Think harder, for longer, and ignore the pain.

MouthBQ98 said:

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To another less stable, more vulnerable to inflation currency?

The dollar is pretty bad right now but it's also still by far objectively the best option out there amongst fiat currencies.

The question is if all these nations are really willing to cut off their noses to spite their faces and increase risk and loss just to move to an alternative.

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If you want to control people, you have to control their finances. Electronic funds are easier for them to control than physical currency.

ac04 said:

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i was assured the navy would prevent this.

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I still think they might. If/when the US Navy stops policing the high seas for ships under non-US ally flags, we'll see what happens.

Adverse Event said:

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AlaskanAg99 said:

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When the power is out, how are you going to access your imaginary money?

---

Tell me more about your scenario. After a week of power (global) outage, money will cease to exist as a relevant term. Only force will be useful at that point.

Think harder, for longer, and ignore the pain.

---

Physical assets will be of more importance than digital ones. At least you can admit bitcoin has one very large and glaring Achilles heel.

The other scenario is power is on but the internet is down as a means to control communication and limit it.

/insert "this is fine" gif

A couple of tweets from a good thread on this subject. "It's not that the dollar is great, it's that every other fiat currency is worse".

Is the US Dollar losing reserve status?

Here's the relative allocated reserves by major currency over the last 10 years: pic.twitter.com/AquK6WfWfd

— Cullen Roche (@cullenroche) April 3, 2023

Here's another version of this. This time USD vs Gold as % of total reserves.

Gold's made a decent comeback in recent years, but has been in a long-term decline as a reserve asset. pic.twitter.com/EfylXlfLbt

— Cullen Roche (@cullenroche) April 5, 2023

Adverse Event said:

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AlaskanAg99 said:

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When the power is out, how are you going to access your imaginary money?

---

Tell me more about your scenario. After a week of power (global) outage, money will cease to exist as a relevant term. Only force will be useful at that point.

Think harder, for longer, and ignore the pain.

---

Not true. Physical assets will turn into "money". Ammo, food, seeds, water, clothing, land, silver and gold. Barter would become the normal thing. Go talk to a 3 year old and even they know gold is money. Humans will always view silver and gold as money. Nothing against bitcoin but PMs are far superior in every way. If you can't hold it, you don't own it.

AlaskanAg99 said:

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Adverse Event said:

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AlaskanAg99 said:

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When the power is out, how are you going to access your imaginary money?

---

Tell me more about your scenario. After a week of power (global) outage, money will cease to exist as a relevant term. Only force will be useful at that point.

Think harder, for longer, and ignore the pain.

---

Physical assets will be of more importance than digital ones. At least you can admit bitcoin has one very large and glaring Achilles heel.

The other scenario is power is on but the internet is down as a means to control communication and limit it.

---

Listen, I know you love doom porn, we all do.

Organized groups of violence will not care about bartering your physical goods when they can gleefully seize them. If you are not part if an organized group of violence in a scenario that there is no electricity, you'll either die or become a slave.

Maybe you've got a really strong community who's capable of protecting themselves, maybe you're near a military base that keeps a locus of control over an area, but you will be beholden to it and THEY will decide whether you'll be able to use gold as any form of bartering, not history.

Gold is a shiny rock that European bourgeoisie kept as a show of wealth accumulation, no different than bones claimed to be a Saint's finger in churches. It's bunk unless "the powers that be" decide they want to accumulate them.

All these physical asset accumulation you're spouting are useful, but only so long and as far as you're willing to do the dirty deeds necessary to protect them. God forbid a violent group discovers you have possession of a hoard of goods...



All that said, assuming we don't devolve into 25%+ global population reduction via electricity outage, unseizable, infinitely transportable property incentivizing energy production and energy resilience among other positive human behaviors is an ideal asset to put a small or large % of wealth. Followed by acquisition of food, weapons, and community protection.

ChiefKiefton said:

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Adverse Event said:

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AlaskanAg99 said:

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When the power is out, how are you going to access your imaginary money?

---

Tell me more about your scenario. After a week of power (global) outage, money will cease to exist as a relevant term. Only force will be useful at that point.

Think harder, for longer, and ignore the pain.

---

Not true. Physical assets will turn into "money". Ammo, food, seeds, water, clothing, land, silver and gold. Barter would become the normal thing. Go talk to a 3 year old and even they know gold is money. Humans will always view silver and gold as money. Nothing against bitcoin but PMs are far superior in every way. If you can't hold it, you don't own it.

---

If you can hold it, so can the person who guts you like a fish and holds it after you.


And its only "money" when people find it useful or valuable and usually that was a leader of violent men who flaunted their wealth to other warlords as a means of power projection. Children have always been told stories and usually no capacity to explore further than what they've been told.

sleepybeagle said:

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It's almost like China is funding the destruction of this country.

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I wonder though: Are these countries putting their eggs in the wrong basket?...and are we ok with it in the short-term?

Maybe we watch a handful of them jump on board, and then we help collapse it behind the scenes.

Leaving the USD is only half the equation. You also need a currency at least as stable to turn towards. Is the Yuan that currency?

Zergling Rush said:

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Win At Life said:

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If all other countries in the world already trade and reserve a currency other than their own currency, but that has not caused them economic catastrophe, why would less trade in US dollars cause a US economic catastrophe?

---

Simple supply and demand

If less demand to hold dollars to settle international trade then interest rates on US Treasuries need to go up to attract buyers.

Current 10-year is 3.3%. We are able to finance our $31 Trillion at that rate. At 6%, 7%, or 8% it becomes harder and harder to finance the debt. (its much more complicated than that but its the simple explanation)


Beyond that if rates spike in an uncontrolled environment (this is the big worry of the FED) then derivatives held by financial institutions start to blow up. i.e - banks fail.

---

So, you didn't really answer the question. But let's assume everything you say about trades not being conducted in a county's currency are true. Then why hasn't every other country in the world who a forced to trade in very little of their own currency not already having financial institutions blow up and their banks fail for so many decades? If it COULD happen to us then it already SHOULD have happened to them. Please explain.