De-Dollarization Bombshell: The Coming of BRICS+ Decentralized Monetary Ecosystem

Discussion in 'Latest US & World News' started by Destroyer of illusions, Sep 29, 2024.

  1. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    https://sputnikglobe.com/20240513/d...entralized-monetary-ecosystem-1118409748.html

    Babam.... This is something I've been talking about for a long time. I didn't know what form the dedollarization of the world economy would take, but it was obvious to anyone with a brain.
    I think that a sharp collapse of the dollar will not happen, but within 5 years (or a little longer) the dollar will finally lose the status of the main reserve currency.
    Countries will start to move away from the dollar and the dollar will return to the US. This will cause hyperinflation and destruction of the economy. And if we remember about the biggest foreign debt in the history of mankind.... Interesting prospects await us.

    It is solely my opinion why there will not be a rapid collapse of the dollar.
    I am sure that for some time the leading countries of the world will artificially support the dollar because a sharp collapse of the dollar will harm all economies of the world. It is much easier to smoothly lower the dollar, gaining time to switch to new payment systems.
    And as an example.
    China sells most goods to the USA and Europe (the European economy will collapse perhaps even earlier than the USA) - with a sharp collapse of the economy, the population of these countries will become impoverished - the purchase of Chinese goods will decrease - the Chinese will have to stop production in China (with all the ensuing consequences) - with a reduction in production, China will reduce the purchase of raw materials - this will lead to economic the problems of countries trading in raw materials.. (Africa, Middle East, Latin America, Russia.... in general, everywhere).
    The only country in the world that can soften the blow in this scenario is Russia. Because it is self-sufficient and the Russians can do everything from mining raw materials to building space stations. But even the Russians will suffer serious losses.
    And so I think that the dollar will be removed gradually.
     
  2. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    After Lavrov's speech at the UN, a line formed to shake hands with him.

    [​IMG]
     
  3. wgabrie

    wgabrie Well-Known Member Donor

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    I have an inkling that bad economic times will come in the future. Wasn't it nice of BRICS to offer to build an international monetary system, absorb some of the blow, and partially relieve the pressure on the USA? We wouldn't have survived this alone, and the BRICS wouldn't have built this system if they knew what was coming, but here we are! How nice.
    :)
     
  4. yangforward

    yangforward Well-Known Member Past Donor

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    I'm not sure why Joe decided to trash the dollar.

    He stole 300 billion dollars from Russia, because he could
    showing that if you have dollars one day you might not have
    them the next, that must damage the dollar as a reserve
    currency.

    And then insisted that anyone who needs to trade with Russia
    will have to do it without using the SWIFT money system.

    Shifting the world off the dollar means we can't just cover
    our overspending by printing more dollars because those
    dollars can not be retained safely by other countries.

    Is there a way to get rid of those neocons?
     
  5. bigfella

    bigfella Well-Known Member

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    Some version of this story pops up every 6 months, generally from people who want it to happen rather than people who know anything about the likelihood of it happening.

    See you in 6 months.
     
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  6. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    The lunatics in the White House will do anything to stay in power.
    Lenin spoke about the main signs of a revolutionary situation - it is when “the upper classes cannot and the lower classes do not want to live and govern in the old way”.
    I think that today the U.S. is very close to this condition. And when the population is impoverished, the state of society in the US will be exactly as Lenin described.
     
  7. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    My dear friend, this information is from the BRICS+ summit. You of course can hide under a blanket, but reality will not disappear.:roflol::roflol::roflol:
     
  8. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    Musk said the upcoming U.S. election could be the last election in the United States
    “Very few Americans realize that if Trump is not elected, this will be the last election. Not only is he not a threat to democracy, he is the only way to save it!” - he wrote on social network X (formerly Twitter).
     
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  9. bigfella

    bigfella Well-Known Member

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    Nope. This is a Russia dude talking about something that does not exist, may never exist, and probably won't do a fraction of the stuff the Russian dude say it will. Like I said - people who want something to happen.

    Get back to me when this actually happens. If you wait a few months you and the other sad cases can pretend that the dozens of other times people claimed something like this was going to happen bit didn't happen didn't exist.

    See you in 6 months.
     
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  10. yangforward

    yangforward Well-Known Member Past Donor

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    What Destroyer of illusions wrote is grounded in what is happening now,
    it is not vain speculation about an unlikely future.
     
  11. 19Crib

    19Crib Well-Known Member Donor

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    It doesn't have to be that way. If America can get it spending and deficit in line.
    But BRICS has a problem: a societal lack of honesty. Even counterfeit $100 bills have more private exchange values than BRICS members currency.
     
  12. Lil Mike

    Lil Mike Well-Known Member

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    The reason why this story pops up every six months or so is because there is usually news that in some way either weakens the dollar and the Western financial system or highlights it. This is years in the making and if we're lucky, it will be years before the ending, but nothing, least of all the dollar, is forever.
     
  13. Durandal

    Durandal Well-Known Member Past Donor

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    Uh huh. Will this come before or after you nuke a national park in the middle of the continental US using a missile that can't even make it out of its silo without blowing up and invade New York to pillage designer jeans?
     
    Last edited: Sep 30, 2024
  14. Bill Carson

    Bill Carson Well-Known Member

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    Wasn't long ago (historically speaking just one generation) that any talk of China being the manufacturing hub of the world received these same kinds of comments. The West is losing. The people are too fat and lazy. American politicians are too corrupt. Get over it.
     
  15. Durandal

    Durandal Well-Known Member Past Donor

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    Just keep living here and hating it. Keep praising foreign dictatorships while refusing to move there. It adds so much to your credibility.
     
  16. yangforward

    yangforward Well-Known Member Past Donor

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    It isn't that easy to alter the World trade system, but maybe with 3.5 months left
    Joe Biden will manage to totally trash the dollar.

    He wants to trash the whole country, and step up the war with Russia by
    firing missiles into the country, and get into a war in the Middle East
    and get a war with China.

    Biden afford 2 wars.png
     
  17. FreshAir

    FreshAir Well-Known Member Past Donor

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    Russians trying too hard to sell this, lol
     
    Last edited: Sep 30, 2024
  18. bigfella

    bigfella Well-Known Member

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    There is no 'news' here, just some Russian propaganda about a Russian guy talking about something that does not exist and may not ever exist.

    The 'news' that usually prompts these stories is not some imagined 'weakening', but a meeting somewhere involving a bunch of 3rd world nations who make a bunch of motherhood statements about closer ties but don't actually form much closer ties. Maybe a tiny bit closer, but not 'alternative world currency' closer. This piece of 'news' is even less substantial than that.

    These talking shops stimulate the imagination of people who, for a wide variety of reasons, hate modern Western society. Some are from former colonies, some are direct rivals, some claim to hate 'imperialism', others hate the progressive ideas they imagine have captured these nations and see them as proof of 'weakness' and 'decline'. No hobby horse left unflogged.

    Claiming that the dollar will one day cease to be the powerful currency it is now has all the analytical depth of pointing out that a stopped clock will be correct twice a day. When it finally does happen everyone will claim it was for THEIR reason and strut around like they knew something.
     
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  19. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    Do you know what you're writing about? The currency of the BRICS countries does not matter?:roflol::roflol::roflol:
    The ruble's growth in the gold and foreign exchange reserves of the world's countries has increased tenfold. The growth of the yuan in the gold and foreign exchange reserves of the world's countries increased tenfold. The growth of the rupee in the foreign exchange reserves of the countries of the world increased several times..... and against this background the dollar and the euro in the foreign exchange reserves of the countries of the world decreased ten times.
    The USA is saving rubles in its reserves (as well as European countries). Because the USA buys goods in Russia for rubles. Not for dollars, but for rubles. At the same time, American imports from Russia in November 2023 increased. (data for 2024 will be after the end of the year)
    The Saudis sell a lot of oil for yuan. The dollar is getting out of foreign trade circulation.
    Stick your head out of the TV, look around - the world has changed.
     
    Last edited: Oct 1, 2024
  20. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    It's already happening all over the world. The dollar and the euro are shrinking in the foreign exchange reserves of the world's countries, while the ruble and the yuan are increasing in the foreign exchange reserves of the world's countries.
     
  21. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    You are a role model for Ukrainians. You have left your homeland and now you curse it with rapture.
    And what is interesting is that millions of Ukrainians have escaped mobilization, but in safety they also shout heroic speeches on their moldy couch. :roflol::roflol::roflol:
     
  22. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    1. Biden, in a meeting with Zelensky, announces $2.4 billion for Ukraine's security systems.

    2.
    Three days after Hurricane Helen.
    Reporter: “What can you say to the victims of the hurricane?”
    Biden: “We gave them everything we had.”
    Reporter: “Are there any other resources the federal government could provide to help them?”
    Biden: “No.”
    Meanwhile, Hurricane Helen has swept across the southeastern U.S., at least taking the lives of 118 people, with another 1,150 reported missing. Preliminary damage estimates are approaching $110 billion.

    Ukrainian fascists are more important to Biden.
     
    Last edited: Oct 1, 2024
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  23. FreshAir

    FreshAir Well-Known Member Past Donor

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    what did you want Biden to do? Nuke the hurricane like trump talked about doing, of passing out paper towels like a football

    Biden could talk about how water is wet, the wettest water he has ever seen

    or maybe Biden sould of just turned off that giant faucet Trump talks about
     
    Last edited: Oct 1, 2024
  24. Destroyer of illusions

    Destroyer of illusions Well-Known Member

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    I wish biden would help the US population but not the Ukrainian fascists at the expense of the US population. It is the American taxpayers' money that Biden gives to Ukrainian fascists.
     
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  25. Durandal

    Durandal Well-Known Member Past Donor

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    No, I was born in this country, and unlike some complainy admirers of foreign dictators, I love my country.
     

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