De-dollarization
Video 08-14-23 OPERATION SANDMAN: De-Dollarization of the Federal Reserve Note
The USFed as Bad Bank: Ultimate Irony | GoldSeek - A historical paradigm shift is in progress. The process of de-Dollarization began with Russia in response to the Maidan coup in Kiev back in 2014. The Russian reacted in multiple ways, but the Eurasian Trade Zone grew. That was the name given, which has emerged as the BRICS Union in recent years. Numerous nations have followed the Russian lead in removing the USDollar from their trade payments and banking practices. The American observers have dismissed this trend as trivial and not enduring. They are wrong, dead wrong. In the last 18 months, the Japanese had dumped $240 billion in USTreasury Bonds over a 12-month period. They continue. They accumulate Gold in their banking reserves, thus following the BRICS theme, their operating policy. The macrocosm, by contrast, will feature 20 nations dumping USTBonds en masse, and acquiring Gold for banking reserves. The UAE will become a primary office for the conversion, their Dirham notably pegged to the USD...
A tremendously important development has occurred in recent months, which the US lapdog subservient press has ignored. The entire Persian Gulf has embraced the Petro-Yuan defacto Standard for oil & gas payments. This spring, France purchased a large long-term LNG supply from the United Arab Emirates, the contract calling for CHYuan payments. Iran, Saudi, UAE, Qatar, and the entire Gulf monarchies have discarded the USD payment standard, and have followed what the Saudis began. All oil & gas payments are to be paid in CHYuan. ...
The USGovt debt default and USTBond default are certain events, written in stone. The USGovt will monetize its own debt, and be subjected to debt downgrade. An international divestiture of USTBonds will ensue across the entire global financial sector. (read more at link above)
According to Juan O’Savin (Aug. 2023) there is a plan to save the dollar, however, it won’t be for awhile so hedge your bets.