Yes, dollars will not be accepted in BRICS countries and the Global South. There will be no need for the dollar. And no country will be stupid enough to want to have dollar as a reserve like in the past. The dollar is the most risky fiat currency. Not only that it can be snatched away by the Americans and white terrorists, it is going to become banana currency when the debt blows up with more and more printing to support needless and senseless war expenditure.
BRICS and Global South countries can buy anything they want from China and from themselves. And the goods they need are cheaper and better and plentiful. Over production by China will ensure that BRICS and Global South countries would have everything they need and do not have to pay for an arm or a leg for overpriced and lesser value American and western goods. There is no need to trade with the Americans and the West anymore. For those countries that were sanctioned by the Americans and the West, there is no fear of being locked out from the world trading system like Cuba, North Korea, Iran, Burma and many others. An alternative world trading system is now available to buy and sell to.
What would happen to all the trillions and quadrillions of toilet papers, oops, American dollars floating around when they are not accepted in BRICS and the Global South countries? Be warned, dispose of the as soon as possible before they become worthless.
When the dollar is valueless, not wanted, not accepted outside the white countries, the Americans and the West would not be able to afford to conduct wars against BRICS and the Global South countries. All the sanctions would be meaningless, futile.
The Americans and the Europeans would be very rich, with plenty of American dollars but nothing to buy. American dollars will not be accepted in BRICS and the Global South countries. This is coming and coming very fast!
6 comments:
Singapore cannot join BRICS. Singapore is screwed!
Singapore joined in the sanctions against Russia. That is Putin's 'Red Line' against those aspiring to join BRICS.
Anyway, Singapore is already very much a 'bricks' state. You see building construction everywhere, airport extension, MRT extensions, road widening and diggings everywhere. It is now a 'bricks and mortar' economy.
UAss No more extortion commisions on the UAss$$$ and their Swift now be Slow or Kaput system.
Wow UAss exchange rate lower now.
Just reactivate one Streaming Soccer Channel at UAss 10.00 to Sin13.19
Last time at Sin 13.78
Anyone interested all Football Actions PL, Lai Liga and Champiomships League and also South American Football morning screenings at this afforfable price.
Cheers
BRICS countries just have to deal in their own currencies is sufficient. For example - Ruble for Yuan, Riyal for Yuan, etc. Even barter is possible, like Iranian oil for Chinese infrastructure, or Russian oil and gas for Chinese consumer products. That will take away a chunk of dealings in US$.
The US$ hegemony is a creation of evil men to control the world. What can be created by man, can be destroyed by man. What man can create, God can destroy as well.
Just look at how Hezbollah and Iran countered and destroyed the 'Iron Dome' myth of the Israelis that were deemed impenetrable. Now they know how to penetrate the system. And to think that they could do it with cheap drones and rockets against million-dollar Patriot missiles costing US$30 million a pop.
Just look at how Russia circumvents the sanctions and destroyed the economy of the NATO countries in the process of retaliating. The irony is that sanctions have never been proven to work, as precedents have indicated again and again in Cuba, North Korea, Iran and Venezuela. And yet the USA and the West wanted to cripple Russia with sanctions. Just like venturing into Afghanistan and getting caught in the 'Graveyard of Empires', a US$2 trillion venture that came to nought.
Despite the sanctions, North Korea still became a nuclear power. Despite the sanctions, Iran is a well-developed country in terms of weaponry, with up-to-date drone and missile technology. The only thing they lack is the bomb, which they have refrained from getting because of religious constraints, not because they do not have the capability. That constraint is being relooked and is going to change.
The SWIFT reported that the Yuan is now the second most used currency for trade, over taking the Euros, at 4.7%. This did not include the Yuan trade with Russia, Iran, North Korea, Saudi Arabia, Cuba, Venezuela, Argentina and many countries outside the SWIFT system. Also between Russia and India.
How big is Yuan used in international trade is a big puzzle.
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