April 4, 2023 - 10 Terrifying Signs Something BIG is Coming! (This is Serious)
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For decades, the US dollar was the undisputed king of global currencies, but now dramatic changes are happening. Brazil, Russia, India, China, and South Africa are making really big moves, which will enable them to become much less dependent on the US dollar in the years ahead. This is really bad news.
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Because having the primary reserve currency of the world has enabled us to enjoy a massively inflated standard of living. Once we lose that status, our lifestyles will be much different than they are today. Unfortunately, most Americans don't understand any of this. Even though our leaders have treated the stability of our currency with utter contempt in recent years, most Americans just assume that the dollar will always reign.
Meanwhile, much of the planet is preparing for a future in which the US dollar will be far less important than it is right now. The following our seven sign that Global Deed Dollarization has just shifted into overdrive. Number one, the Bricks Nation account for over 40% of the total global population, close to one fourth of global gdp.
So the fact they're working to develop a new currency, Should greatly concern all of us. The Deputy chairman of Russia State Duma Alexander Bakov, said on 30th of March that the bricks block of emerging economies, that is Brazil, Russia, India, China, and South Africa, is working on developing a new currency that'll be presented at the organization's upcoming summit in Durban.
The transition to settlements in national currencies is the first. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the nearest future. I think that at the Breaks, the latest summit, the readiness to realize this project will be announced. Such works are underway, BOV said, on the sidelines of the Russian Indian strategic Partnership for development and growth business.
Baba carf also stated that a single currency could likely emerge within bricks, and this would be pegged to not just the value of gold, but also to other groups of products, rare earth elements or soil. Several nations in West Asia and North Africa have expressed interest in joining the block, including Saudi Arabia and Algeria.
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