US Dollar is perceived as the world's reserve currency due to the strength and power of the US military. Period.
It is the "Petrodollar" agreement that Nixon put into place when he destroyed the gold-backed US Dollar (which had been the world's reserve currency due to the Bretton Woods agreement in 1945, post-WWII).
Keep an eye on the Russian Ruble (relative value to the US Dollar -- or RUB/USD currency pair). The Ruble crashed in February 2022 on the invasion of Ukraine, bottomed on March 7, 2022, and has been rising versus the USD ever since.
Currently, it is the only currency in the world showing strength against the USD. When (not if, but when) the USD starts to tank, something else will rise in its place.
Will it be the Ruble?
Chinese Yuan is crashing
Japanese Yen is crashing
Other Asian currencies are crashing
Euro is crashing
British Pound is crashing
But ... Russian Ruble ... going up? Hmm ...
Now that I think about it some more ...
Is it possible that the US government will try to impose a block against Americans investing in Russian assets, including the Ruble, even if it strengthens against a declining US Dollar?
Quite right. I presume you already know the Russia is no longer part of the fractional reserve banking system (FRBS). There's two governments in the world not part of the FRBS, Can you name the other country?
Good guess, but it's Syria. Now, you know why there is war with these governments. BRICS appears to be an indicator as to what countries are deemed 'bad'. So far it is only Russia that has made the move in ending their Rothschild central bank. I believe this other countries are waiting for the moment to do the same.
US Dollar is perceived as the world's reserve currency due to the strength and power of the US military. Period.
It is the "Petrodollar" agreement that Nixon put into place when he destroyed the gold-backed US Dollar (which had been the world's reserve currency due to the Bretton Woods agreement in 1945, post-WWII).
Keep an eye on the Russian Ruble (relative value to the US Dollar -- or RUB/USD currency pair). The Ruble crashed in February 2022 on the invasion of Ukraine, bottomed on March 7, 2022, and has been rising versus the USD ever since.
Currently, it is the only currency in the world showing strength against the USD. When (not if, but when) the USD starts to tank, something else will rise in its place.
Will it be the Ruble?
Now that I think about it some more ...
Is it possible that the US government will try to impose a block against Americans investing in Russian assets, including the Ruble, even if it strengthens against a declining US Dollar?
Just a thought.
The Ruble is backed by a little gold now I believe ?
Quite right. I presume you already know the Russia is no longer part of the fractional reserve banking system (FRBS). There's two governments in the world not part of the FRBS, Can you name the other country?
North korea?
Good guess, but it's Syria. Now, you know why there is war with these governments. BRICS appears to be an indicator as to what countries are deemed 'bad'. So far it is only Russia that has made the move in ending their Rothschild central bank. I believe this other countries are waiting for the moment to do the same.