RE: Gold1 Apr 2023 10:45
"The dollar isn't going anywhere" - I can understand you saying that. In fact, just three days ago Forbes magazine had this - "Could The U.S. Dollar Collapse?"
https://www.forbes.com/sites/qai/2023/03/29/could-the-us-dollar-collapse/
The article takes the view that U.S. dollar’s special status as the global reserve currency, makes a collapse highly unlikely.
This is why that Brazil \ China deal is so significant. It is is just one example of the movement away from using the dollar, thus threatening the dollars status as the world's reserve currency.
Saudi Arabia recently stated that it is open to accepting other currencies in exchange for its oil, as a potential catalyst for massive de-dollarisation.
The Chinese have the "Belt and Road" initiative, and the Shanghai Co-operation Organisation now includes 60 per cent of the world's population.
Many Asian, African and Latin American countries are starting to trade using Chinese Yuan.
Russia and China are setting up a alternative to SWIFT.
"MAJOR Countries Dumping The Dollar For This New Currency!" - Robert Kiyosaki"
https://www.youtube.com/watch?v=-PowbE7YYpE
Also, that Forbes article concedes that, "for the U.S. dollar to collapse would take something pretty major. Like, a WWIII type situation."
Could that be happening? Events in Europe are looking like the build up to WW3. If you study the history of the long, slow build up to WW1 the similarities are stark.
Even if this is not the start of WW3, the war in Ukraine is destroying the economies of the US, the UK, the EU and Russia. The solitary winner is China, and China has already bought control of many essential companies and much of the infrastructure in the West.
The USA is now spending $1 trillion a year on arms and armaments. The USA is now fighting to preserve the dollar’s status as the world’s reserve currency. If the USA loses the fight, and ownership of the world’s reserve currency, then the USA will fall far.
Don't be misled by the title of this article - "US Dollar Collapse Predictions: The Dollar is on its way out" - he is not saying it going to happen, he gives a well-balanced, in-depth review of the predictions of dollar collapse and in the long discussion, he says - "This does not mean that the US dollar will lose its reserve assets tomorrow, but it is on the way out".
https://crowdwisdom.live/politics/us-dollar-collapse-predictions/
I will plagiarise his words as my point to end with - this does not mean that the US dollar will lose its reserve status tomorrow, but it is on the way out.
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