A dollar collapse is now in motion – Saudi Arabia signals the end of petro status
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t w...
The dollar has been collapsing since 1931. $32 dollars would buy an ounce of gold back then. How many dollars does it take to buy and ounce of gold today?
But the UK was once the world currency and that happened quickly.
^^^ Facts
Over 96% and growing ...
Physical Silver 💕
Ponder this: It could crush the yuan instead of the dollar.
Yes, but they are quickly moving to gold backed (trading) and are dumping the US Bonds.
No, the Chinese are in on BRICS. Brazil, Russia India china south Africa and more have planned on using the gold backed ruble .
L O L
Don't see the humor, Egypt just joined BRICS, that's the stated plan , to use the gold backed ruble, to destroy the USD. Your uniformed or really dumb.
they're attempting to trade specifically russian oil with the creation of digital gold backed currency.
its not a gold rouble, but a gold backed deposit (critically measured in US dollars) of roubles in India, and Rupees in Russia.
please explain how this could destroy the USD?
how could moving away from the dollar really help china or russia?
the only way russia weathered the sanctions was by closing off their economy. exposing the rouble to fluctuations outside of russian sovereignty or Chinese exposing the yuan to policies outside their controlled economy carries far more risk than reward.
If you traded currency , as you stated , you would know exactly what will happen. Must be a keyboard expert!
people have been crying wolf about the dollar since I first listened to my dad trade currency at 11 years old.
you couldn't even spell "rouble" in your first comment.
Russian spelling of ruble is r-u-b-l-e. Hahahahahaha, look it up. And quit being a crotch cricket!
Not just Russian oil, Saudi oil (OPEC)too!
I've traded currency for 14 years. Both in NYC and HK.
I dont know where you got this, but I will 100% trade you your dollars for ruble futures today if you're interested.
Maybe I can't tell if you were laughing at me or with me , I'm saying that these named countries and a few more are plotting against the USD.. they are planning to use the Russians gold back ruble for trading oil. Essentially cutting the dollar off at it's knees. BRICS has been all over the news.
The US dollar being the world reserve currency is not a good thing. That status has enabled too much stupid shit to go on for far too long.
It will be interesting to see what replaces it - assuming that a new world reserve currency really happens this time.
Thanks for posting. Saw an interesting interview on X22 about this too.
Bix Weir
THIS needs moar updoots
Sooooo,... what do with dollars in bank? Apes gonna ape
Convert them to physical silver.
BRICS