ASEAN Trio Signs Memo for De-dollarization! 6 Factors Undermining Dollar Hegemony
Expanding BRICS Family
Thank you, Debra.
In a seismic shift, the BRICS nations welcome six new members after a 12-year hiatus. With the entry of Saudi Arabia, Iran, Egypt, the UAE, Argentina, and Ethiopia, the BRICS bloc is poised for unprecedented growth, prompting discussions of a new currency system and reduced reliance on the US dollar.
🌐 Expanding BRICS Family Discover the strategic inclusion of new BRICS members - Saudi Arabia, Iran, Egypt, UAE, Argentina, and Ethiopia. Learn how their admission, effective from January 1, 2024, could reshape the global geopolitical landscape.
🛢️ Saudi Arabia & Iran: An Unforeseen Reconciliation Unearth the intriguing dynamic between long-standing rivals Saudi Arabia and Iran as they mend relations under China's mediation. Delve into the geopolitical implications of their joint entry into the BRICS family and its potential repercussions on Western influence.
🔍 BRICS Enlargement Plan: A Magnet for Nations Explore the widespread interest in joining the BRICS fold. Over 40 countries have expressed their desire, with 23 formally applying. Understand the allure and influence of the BRICS cooperation mechanism.
🌎 BRICS Impact on Global Dynamics Analyze how the BRICS expansion is shaking up global dynamics. Witness the narrative of BRICS nations challenging Western supremacy unfold and grasp the perspectives that the US and its allies bring to the table.
💡 BRICS: Future Currency Paradigm Dive into the riveting debate over the 'BRICS currency' and 'reducing USD usage.' Examine the viewpoints of key leaders and experts regarding the inevitable shift away from dollar dominance and the emergence of a common currency among BRICS nations.
📈 High-Quality Partnerships & Economic Growth Discover how the BRICS nations are forging high-quality partnerships to navigate economic challenges. Explore China's proposals for green development, digital economy collaboration, and innovative initiatives driving shared growth.
💰 Common Currency Prospects & Challenges Unravel the complexities surrounding the idea of a 'BRICS currency.' Gain insights into varying perspectives within the BRICS nations, including South Africa's nuanced stance, and the role of the New Development Bank in currency dynamics.
🌍 Geopolitical Implications & Future Trends Consider the geopolitical ramifications of BRICS expansion and its potential impact on Western dominance. Gain a deeper understanding of the world's evolving economic landscape and the discussions shaping its trajectory.
Clear evidence the world is de-dollarizing.
The global economic order as we know it will end with Operation Sandman.
When Operation Sandman is launched, the emerging theory goes, 100 countries from around the world will sell off trillions of dollars worth of US government debt in a coordinated effort to undermine the value of the dollar and break America's dominance over the world's economy. The move will be calamitous for America and the global order, but in time, the effort to break the US dollar's hold on the world will open the door to a new hierarchy of economic superpowers.
When this decision is triggered, will the dollar and all dollar-denominated assets plunge to near-ZERO literally overnight?
If you listen to certain corners of the financial world and internet, the dollar's reign as the world's financial instrument of choice could be coming to an end. Motivated by a mix of politics and economics, countries from Israel and France to Russia and China have signaled they're looking to start doing more business in a currency other than the US dollar. Central banks have also started to tiptoe away from the dollar, with currencies like the Chinese yuan, Japanese yen, and euro taking up a growing portion of global reserves.
These doom-and-gloom scenarios are overblown, financial experts told me, but in classic conspiracy fashion there's a kernel of truth to the freak out if you look hard enough. The % of financial transactions done in US dollars has slipped over the past few decades, and the percentage of countries' cash reserves held in dollars has been sliding.
These shifts, while notable, don't mean the US dollar's dominance is going to end anytime soon. There may be changes around the edges, but as the Stanford finance professor Chenzi Xu told me, there's still no viable alternative to cold, hard American cash.
BRICS nations — Brazil, Russia, India, China, and South Africa — have indicated that they want to launch a shared currency to directly rival the dollar. "Every night I ask myself why all countries have to base their trade on the dollar," Brazil's leftist president Luiz Inácio Lula da Silva said in April. "Why can't we do trade based on our own currencies?"
Money = debt
It’s all theater to sustain the CON in CONsent; silence is implied CONsent.
The 1% who control ‘everything’ appear to be finalizing ‘controlled’ demolition of the immoral global economic and financial system.
Taking the $US off the gold standard in 1971 meant it has no intrinsic or fixed value and is not backed by any tangible asset such as gold or silver. Its value is derived from decisions of central banks. The term is usually reserved for legal-tender paper money or coins with face values far exceeding their commodity values. The value of fiat money is derived from relationship between supply and demand and stability of the issuing government. Throughout history fiat money always returns to its inherent zero value.
Darkness before dawn
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