China & Russia Unite With 40 Nations to Drop the Dollar, Change World's Monetary System.
Breaking: BRICS Platform To Ditch US Dollar Gaining Support From Central Banks, Finance Ministries
My Friend,
If this wasn't urgent, Donald Trump would not be sounding the alarm.
The global quest to de-crown the Dollar is resolute, and countries are tabling their tensions to join forces against the United States.
The United States has long been the reigning superpower of the global economy, with its currency -the U.S. dollar- as the world's primary reserve.
However, this year, Russian President Vladimir Putin and Chinese President XI Jinping signed fourteen documents uniting the two countries against the United States, and they are about to completely alter the international power system.
In 2019, China and Russia announced their plans to launch a Gold-Backed Digital Currency designed to dethrone and replace the U.S. dollar.
JPMorgan told Reuters they now see "Signs of Emerging De-Dollarization" happening. "There are signs of erosion."
Twenty-one countries this year announced they were ditching the U.S. Dollar for the new digital currency.
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Trump on Fox Business warned that "the U.S. Dollar is losing its dominance."
In fact, in April, Trump said, "China is trying to displace the U.S. dollar as the number one currency throughout the world. If this happens, and under Biden's leadership it probably will, this would be the biggest defeat for our country in its history."
China, one of the BRICS nations, is pushing with everything they have to destroy the Dollar and its dominance and to raise itself as the new world currency.
Pepe Escobar from Consortium News says make no mistake about it, "China's Digital Currency Electronic Payment (DCEP) should be interpreted as the road map for China, leading to an eventual replacement of the U.S. dollar as the world's reserve currency."
Diversification in Gold is critical for retirees. As the BRICS currency gains influence, the PURCHASING POWER of the U.S. citizen plummets—meaning a fixed amount of savings will have far less purchasing power down the road.
But, that doesn't have to be.
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Your Friends at Monetary Gold
P.S.
This BRICS is bad for You and the U.S.?
BRICS is backed by Gold. The Dollar and soon coming Digital Dollar is backed by Debt.
Janet Yellen told the Senate Bank and Finance Committee she and Biden plan to take the national Debt to $50 Trillion in the next ten years. We are now up to $33 Trillion. What do you think inflation will be like in ten years?
The silver lining for investors.
If countries switch away from the U.S. dollar and to a gold-backed currency, it could drive up the price of Gold—already at record highs—even further.
This would lead to increased demand for physical Gold, resulting in higher prices and potential shortages. In short, BRICS' adoption of a digital gold-backed currency will spell trouble for the U.S. economy.
What you do next:
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