Growing BRICS Spells Imminent End of US Dollar
By Neenah Payne
The dollar has functioned as the world’s reserve currency since 1921. The chart below shows that each of the world’s six reserve currencies since 1400 lasted about 94 years. Since the US dollar has already lasted 102 years, it is not unusual that it is at the end of its reign now.
The US dollar was backed by gold until 1933 when President Franklin Roosevelt confiscated America’s gold. President Richard Nixon took the US dollar completely off gold in 1971 when he pegged it instead to oil — creating the “petrodollar”. Nixon reached an agreement with the Middle East oil producing nations that they would sell their oil only in dollars — forcing all nations who purchased oil from them to use dollars. The chart below shows how much the purchasing power of the dollar has declined.
WTF 1971? shows the enormous consequences of taking the dollar off the gold standard.
The economy changed because of what happened in 1971.
Global Power Shift From US Dollar To Growing BRICS Nations
The video below with Robert Kiyosaki discusses the growing shift from the US dollar to the BRICS nations (Brazil, Russia, India, China, and South Africa) and to the Shanghai Cooperation Organization. Andy Schectman, CEO of Miles Franklin Precious Metals Investments, discusses China’s New Silk Road and the infrastructure it is building throughout the Middle East and Africa. China is making friends and forging collaboration between nations. Former US allies are now joining BRICS — Australia, Mexico, New Zealand, and possibly Japan. So, the US, Canada, the UK, and parts of the European Union are now isolated from the rest of humanity.
Meanwhile, the US has spent over 20 years in the endless War on Terror, some of the horrors of which Australian author Julian Assange revealed with WikiLeaks. He has been punished for telling the truth by many years in the Ecuadorian Embassy and now four years in the harsh Belmarsh prison trying to avoid extradition to the US where he could be sentenced to 175 years in jail — for telling the truth!
The Ultimate Plan B Guide (Free Report)
“Rich Dad/Poor Dad” Robert Kiyosaki explains that the growing centralization of US banks is a step toward communism. How ironic it is that Communist China is moving toward decentralization with the BRICS economy! Kiyosaki has never done an Emergency Broadcast before, but has done three recently.
Emergency Podcast #1
In the video below, Schectman explains that the banks may be allowed to fail to justify the rollout of a Central Bank Digital Currency as a “savior of the banking system”. He points out that the Bank for International Settlements (BIS) said all member nations must have CBDCs by 2025. Fed Takes Key Step in Deciding on U.S. Digital-Coin Issuance. Schectman predicts lots of bank runs, starting with small regional banks.
Read more:
https://www.activistpost.com/2023/04/growing-brics-spells-imminent-end-of-us-dollar.html.
https://www.activistpost.com/.
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