Is the Dollar on the Brink of Collapse?

Is the Dollar on the Brink of Collapse?

As the U.S. dollar, long dubbed the “king of currencies,” faces increasing competition, nations are exploring alternatives fueled by concerns over U.S. economic dominance. The BRICS Summit highlighted this shift, unveiling a new banknote symbolizing unity among Brazil, Russia, India, China, and South Africa in non-dollar transactions. With landmark agreements like the yuan-real deal and India’s rupee initiatives gaining traction, countries are reclaiming their economic sovereignty. This gradual move toward a multipolar currency system signifies a potential end to the dollar's unchallenged reign in global finance.

#dollar #usa #brics

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[Cryspio]

This video won’t get views cause it is against USA

[rajendransubramanium]

Don't consider INDIA in BRICS as playing double game with USA

[Imaan]

Our own govt did it 🇺🇸cuz of these futile wars!

[JeffreySon-rw]

Hello, I want to start investing, but l'm unsure where to start. Do you have any advice or contacts for assistance?

[rangaiahpv]

Survived so far now end is at sight. Good Bye Dollar

[PIT]

Viva Brics 👍👍👍👍👍👍👍👍👍👍👏👏👏👏👏👏👏👏👏👏....FTUS

[leondelaplaza]

Everything has an end! Now the end is near! That's good no more sanctions!

[shayemchowdhury]

US the orchestrator of War and crimes by safekeeping their dollars.

Former US top strategist Zbignew Brzezinski said: “It is IMPERATIVE that no Eurasian challenger emerges capable of dominating Eurasia and thus also challenging America”. Because the US has just 4% of world’s population, and it’s isolated from Eurasia which has 70% of world’s population, or 87% with Africa included. Defensively, it’s a benefit to the US, but economically, it’s a handicap.

How the US with an isolated 4% of world’s population stays a world hegemon? The dollar must stay as the world’s reserve currency. This allows the size of the US economy to be highly scaled up, instead of being limited by the fundamentals.

To be the world’s reserve currency, the dollar must circulate in the world. The US created a huge consumption economy and moved manufacturing outside, so that dollars flow out of the US to manufacturers like China or Japan. To make products, China & Japan need energy. So dollar is then circulated to Saudi mandated by the Petrol-dollar scheme. With the US stock and financial market much more lucrative than others, the dollars from Saudi are attracted back to the US. Money printed in the US to exchange for goods from outside ends up in Wall Street, where the rich gets richer. And that completes the cycle of circulation of the dollar.

If China or Japan brings back all the dollars and exchange to their local currencies, it inflates the local currencies, making their exports expensive. So, China & Japan use some of the dollars to buy US debts (Treasury Securities). That’s why the US, a rich country, is in-debt to China which has just 20% of the US’ GDP/cap. By holding US debts, China & Japan have to support the dollar.

Since the US’ debt is in its own currency, it can simply print more dollar to pay interests. Other countries have to earn dollars to pay their debts, failing which results in defaults.

In 2011 Obama announced “Pivot to Asia” to stop China’s rise. In 2013 China responded with the Belt and Road Initiatives (BRI) and diverted US debts into BRI projects, to avoid keeping all eggs in one basket. The BRI creates new economies, hence new trade markets for China.

If Asia & Africa develop, the share of the US’ economy shrinks, then Euro could replace dollar as the world’s reserve currency. Then the US would no longer be able to print money freely without a hyperinflation like in Venezuela. And the size of the US economy has to fall back to the fundamentals, which is a lot smaller than the inflated economy. That’s why no country in Eurasia is allowed to catch up with the US’ economy. When Japan was catching up fast on the US in late 80s, it’s knocked down to a 3-decade stagnancy by rising Yen (Plaza Accord). And in the last 30 years, the US created wars and color revolutions in the Middle East, Central Asia & Africa to destabilise Afro-Eurasia, and the World Bank & IMF keep them poor.

As the US prints excessively, other countries’ dollar reserves shrink. Furthermore, to prevent exports to the US becoming expensive, these countries have to print money too, which devalues the savings of the people and causes inflation. It’s estimated that our savings devalue by 6% per year after the abolishment of the gold-backed Bretton Woods system, after which the US prints money based on just the creditability of the dollar.

Free money allows the US to have a big military, and the big military in return, protects the dollar.

The US had no mercy on threats to the dollar:

* In 2000 Saddam Hussein said he would sell oil in Euros not Dollars.
>> Saddam was hanged by the US.

* In 2009 Gaddafi wanted to make Libya export oil in pan-Africa Gold Dinars, not in dollar or Euro.
>> Gaddafi was killed by US & Sarkozy-backed NTC.

* Iran has been trading oil in currencies other than US dollars since 2011.
>> Iran was sanctioned by the US.

* After being sanctioned in 2014, Putin started to trade in non-dollar. By 2019, Putin: (1) completely ditched dollars in oil trades, (2) sold almost all US debts, (3) is now the forerunner in de-dollarization.
>> The US tried to topple Putin by supporting Alexei Navalny, sanctioned Russia, and now the Ukraine war to weaken Russia.

* China: (1) created the BRI, (2) uses non-dollar in oil trades with Iran & Russia, (3) created the CIPS, an alternative to the SWIFT system now weaponised by the US to sanction 39 states, (4) China’s economy and high-tech are catching up fast, (5) China is the biggest economy in BRICS.
>> The US started a hybrid war against China: Trade war in 2018. Hong Kong color revolution in 2019. Tech blockage (Huawei ban, EUV banned from ASML). Got Australia into a trade war with China in 2020. Created “Uyghur Genocide” & “Forced Labor” propagandas against Xinjiang (XJ), which is the hub of the BRI, to cut off the BRI. Sanctioned goods from XJ to create joblessness and uprising against the gov. After XJ was stabilized by China, the US orchestrated a coup in Kazakhstan in Jan ‘22, located right next to XJ, to cut off the BRI. In Aug ‘22, Pelosi visited Taiwan to provoke a civil war. In 2023, the US stirred tensions in the South China Sea through its proxy Marcos Jr.

If a country supports the dollar, it is looted by the US; if a country doesn’t support the dollar, the gov is changed by the US. This is financial slavery.

The US can’t have direct wars with Russia and China as they are nuclear armed. Proxy wars put the battlefields outside of the US, and also allow the US to disguise as an outsider. In the 1980s, the US supported the Afghan Mujaheddin in a similar proxy war against the USSR.

Russia and China have clear redlines (*Russia: Ukraine a neutral buffer + Ethnic Russian’s safety in Donbas. *China: “One China principle”). The US used its proxies in Kiev and Taipei to step over the redlines to provoke wars, and got its allies to support the wars.

After the Maidan coup by the US in 2014, Ukrainian army began shelling ethnic Russians in Donbas. It subsided after Minsk agreements in 2014/15, but as disclosed by Poroshenko in June ‘22, and by Merkel & Hollande in Dec ‘22, the Minsk were intended to buy time to arm Ukraine against Russia, not to seek peace. The US occupied Afghanistan for 20 years, but it finally left in Aug ‘21, evidently to prepare for the Ukraine project 6 months later. In Sep ‘21 Zelensky visited Biden to get support to join NATO, and shelling in Donbas by Ukrainian forces up 2800% since 16 Feb ‘22 (OSCE data), crossing Putin’s redlines and provoked the war. Pelosi visited Taiwan in Aug ‘22, after which China surrounded Taiwan with battleships.

Historically, the US’ strategy against China-Russia has always been “one at a time” to avoid pushing them together. The move to put Russia forward amidst the on-going hybrid war against China, was due to a major development:

The Fed has issued 80% of all US dollars in market in just 24 months. There was $4 trillion in circulation at the beginning of 2020. The number reached $20 trillion by Oct 2021. As a dollar printed is backed by a dollar debt, a large amount of US debt need to be sold. Coupled with a global move to diversify into non-dollar reserves fuelled by US sanctions & the dollar’s declining creditability, the US is in a financial crisis.

The US proxy war in Ukraine:

1.Strengthened the dollar by weakening Euro. It happened before in NATO's bombing of Serbia in 1999 (2 months after Euro became the currency of EU). A strong dollar and the Fed’s timely interest rise, created a giant magnet attracting capitals from all over the world into the US, particularly into US Treasury securities.

2.Divided Russia from Europe. As the first NATO chief, Hastings Ismay described NATO’s role: “To keep America IN, to keep Russia OUT, to keep Germany DOWN”. NATO also allows the US to station missiles in Europe, keeping the US safe across the Atlantic.

3.Halted Nord Stream 2, and German firm Energie Baden-Wuerttemberg signed up gas from America Venture Global LNG for 20 years. >the US wrestled from Russia the control of energy to Europe. As George Friedman of US think tank Chicago Council OGA said in 2015:”The US’ primary fear is the combination of German technologies and Russian resources”. And Condoleezza Rice said in 2014:”You (Europe) want to depend more on the North American energy platform, the enormous bounty of oil and gas we’re finding in America, not on pipelines through Ukraine or Russia.”

4.Pushes industries back to the US soil by de-industrializing Europe, as indicated by: (i) The US’ sabotage of N.S. pipelines and US gas sold 4x the price, (ii) The US’ proposed sanction on Algeria after Macron visited Algeria for a gas deal in Aug ‘22, (iii) The foiled sabotage on TurkStream pipeline which feeds Russian gas to Europe via Turkey in Oct ‘22, (iv) The US’ Inflation Reduction Act in Aug ‘22 which pulls capitals from Europe.
Note: The US already bagged TSMC of Taiwan.

Despite the self-damage, the EU still gives unconditional support to Ukraine. In fact, two European countries (Ukraine and Germany’s N.S.) were attacked in 2022, NATO helped Non-Ally Ukraine, but Ally Germany was ignored. There are 4 other wars going on, e.g. the Yemen war which killed half mil ppl and starving 16 mil. No one cares, because Saudi is an ally, and the war was lobbied by Raytheon. It’s NEVER about justice. Boris Johnson visited Kiev 3 times, to stop Zelensky from peace talk w Russia. Leaders in Europe, the Transatlantics (elites loyal to US), are pinning hopes on Ukraine defeating Russia to say job done to Washington. Zelensky is advertised a hero to get public support.

The US is pushing Europe and Asia into wars. Remember after WW2, Europe and Asia were devastated, but the US emerged from the Great Depression, became the world leader and the dollar became the world’s reserve currency.

[dolkar]

The world should really now shift from Dollar to another currency..where No country dominates the world market...

[fffuu]

To be expected, especially abusing it through reckless spending and sanctioning others who differ in policies and opinions.😂

[Desi_Trump]

Not even a thousand views under 11 hours, we all know why😅

[soonlooitan]

Dollars is like sleepy joe keep falling n collapsing 😂

[Assimpleasthat]

Fiat currency coming to it's end... simple !

[OddBirgerAasjord-dw]

US! Next moove is to convert ($) and go CRYPTO ❤❤❤🎉🎉🎉

[MarketLens-iw]

"I explain it on my channel in a way that's easy for those who don’t get it well."😅

[aja]

Dollar gold back no longer the fiat .

[karenfreeman]

If you try to create your own exchange of equating money. Global exchange I believe will be nill. America is at War that stops BRICS participation. Iran, joining lowers gas and oil. Russia put into China a huge pipeline. All countries have some gas and oil. Similar to gold exchange.

[Robesofbronze]

They left Trump a mess. I don’t think he’ll fix anything but, he could try 😂

[Blueblackberry-exxc]

We lie we cheat we steal. Who said so? 😮

[adria]

what should we invest in so we don't go broke in a day?