Love oneself. Stay healthy. And have a health-seeking behaviour to ensure all of us get to age with rights and remain disease-free.
The Race to Replace the $., By Mohammad Khaku
Not only Ron Paul, but Brazilian President Luiz Inacio Lula da Silva has questioned the world’s dependence on the dollar.
Hello, heading to Toronto! Speak Up! Silent No More, the Nomadic Moe, the Globe Trotter will be heading to Tampa later for Christmas.
The global financial system has historically been dominated by the hegemony of the U.S. dollar, which has served as the primary medium of exchange in international trade since the Bretton Woods Agreement in 1944. However, this dominance is now approaching an end.
BRICS is making significant strides on their path to de-dollarization and the potential reinstatement of the gold standard, as highlighted by Ron Paul.
The Fed's Dangerous Path: Ron Paul Reveals the Truth Behind U.S. Monetary Collapse
The initiative by the BRICS economic bloc to establish an alternative trading currency presents a significant challenge to the dollar.
BRICS has initiated a proposal for a basket of currencies from BRICS nations, considering gold as a standard for a new potential currency, or possibly utilizing cryptocurrencies.
South Africa’s BRICS ambassador, Anil Sooklal said “Trade is no longer dominated by those countries that dominated trade in the 70s, 80s, 90s – that era is over. We also want to see a multipolarity of choices, a multipolar financial world; we don’t want to be pegged to one or two currencies as the currencies of choice.”
The combined economic strength of BRICS, as demonstrated at their recent conference, could have a dramatic impact on de-dollarization and the price of gold.
It is on course to establish a new currency basket for a novel monetary unit, aiming to replace the dollar's dominance.
Donald Trump and Elon Musk have discussed the possibility of ending or dismantling the Federal Reserve and reinstating the gold standard, as previously proposed by Congressman Ron Paul.
There are many questions about what will happen to gold and the US dollar. We are at a pivotal moment in United States monetary policy and the future of the dollar.
Donald Trump wants to adopt Congressman Ron Paul's plan to eliminate the high-paying, unelected officials who form the group of Zionist monetary policymakers at the Federal Reserve, over which voters have no control.
Numerous economists and analysts agree that it is the correct course of action, albeit often the most difficult one.
Considering the state of the US economy and government spending, we find ourselves submerged in $37 trillion debt, with $1.1 trillion borrowed solely to cover interest payments, amounting to a billion dollars a day in interest alone.
This is unsustainable, as Elon Musk has stated, and many countries have already been selling dollars and purchasing gold with the BRICS currency because they recognize that the US dollar and the US economy are at a tipping point, and if Zionist Israel falls it will bring United State crumbling.
The accumulation of debt and the continuous printing of dollars are bound to have consequences. Since 1999, major central banks worldwide have been maintaining minimal dollar reserves.
The Lebanese Central Bank, for instance, holds gold reserves valued at $17.5 billion, as stated by the Banque du Liban chief. It raises questions about the motivations behind Israel's hostile stance towards Lebanon.
The Zionist Federal Reserve's globalists are accused of harming the US economy through proxy wars, regime change, and devaluing the US dollar.
It is acknowledged that with a thirty-six trillion-dollar debt, the termination of the Federal Reserve might lead to considerable economic difficulties, yet it is deemed necessary and is anticipated to occur shortly.
The sole solution appears to be the BRICS currency, de-dollarization, and a return to the gold standard. Major BRICS nations are now transacting with baskets of gold-backed currency and City Bank has announced its intention to purchase gold dips due to global de-dollarization.
The domino effect is imminent with the dollar's value declining by 24% since 2020. Now is the moment to consider the BRICS currency and begin investing in gold, as numerous countries and corporations are adopting the BRICS currency.
Economists are observing a trend where all the dollars could return to the US, potentially causing inflation to skyrocket.
This pattern is evident when examining the six other world reserve currencies, which experienced incredibly high inflation after losing their status. The definition of inflation is an excess of money chasing too few goods.
The best investment can be subjective, but it's observed that major banks have been purchasing gold, and when Trump took office previously, the price of gold rose by 54%.
It is anticipated that there could be a significantly higher increase in the price of gold if Trump were to dismantle the Federal Reserve.
This aligns with Congressman Dr. Ron Paul's vision, and it appears that Elon Musk, Donald Trump, and JD Vance are also in agreement; it's only a matter of time.
During a panel on "Saudi Arabia's Transformation," Saudi Finance Minister Mohammed al-Jadaan stated that Riyadh is open to the possibility of trading in currencies other than the US dollar.
Sergey Glazyev is a Russian economist and politician. He has been a fierce critic of the Russian Central Bank and has warned about the need to sell out foreign exchange assets in favor of gold which are placed in the U.S., Britain, France, Germany, and others to avoid sanctions.
Off the record, sources from New York's banking sector acknowledge that the US dollar could be "wiped out" as it is a fiat currency without intrinsic value, should BRICS connect the new currency to gold.
The Bretton Woods system has ceased to have a gold base, akin to the FTX cryptocurrency. Moreover, the BRICS approach of tying the currency to gold, oil and natural gas seems to hold promise.
Conclusion:
Anchoring the BRICS currency in gold represents a strategic move to enhance the stability and credibility of the global financial system.
BRICS seeks to provide a dependable alternative to fiat currencies, especially the U.S. dollar. The launch of a gold-backed currency has the potential to transform global finance by mitigating volatility, offering protection against inflation, and drawing nations and investors in search of more financial stability.
Hello, heading to Toronto! Speak Up! Silent No More, the Nomadic Moe, the Globe Trotter will be heading to Tampa later for Christmas.
The global financial system has historically been dominated by the hegemony of the U.S. dollar, which has served as the primary medium of exchange in international trade since the Bretton Woods Agreement in 1944. However, this dominance is now approaching an end.
BRICS is making significant strides on their path to de-dollarization and the potential reinstatement of the gold standard, as highlighted by Ron Paul.
The Fed's Dangerous Path: Ron Paul Reveals the Truth Behind U.S. Monetary Collapse
The initiative by the BRICS economic bloc to establish an alternative trading currency presents a significant challenge to the dollar.
BRICS has initiated a proposal for a basket of currencies from BRICS nations, considering gold as a standard for a new potential currency, or possibly utilizing cryptocurrencies.
South Africa’s BRICS ambassador, Anil Sooklal said “Trade is no longer dominated by those countries that dominated trade in the 70s, 80s, 90s – that era is over. We also want to see a multipolarity of choices, a multipolar financial world; we don’t want to be pegged to one or two currencies as the currencies of choice.”
The combined economic strength of BRICS, as demonstrated at their recent conference, could have a dramatic impact on de-dollarization and the price of gold.
It is on course to establish a new currency basket for a novel monetary unit, aiming to replace the dollar's dominance.
Donald Trump and Elon Musk have discussed the possibility of ending or dismantling the Federal Reserve and reinstating the gold standard, as previously proposed by Congressman Ron Paul.
There are many questions about what will happen to gold and the US dollar. We are at a pivotal moment in United States monetary policy and the future of the dollar.
Donald Trump wants to adopt Congressman Ron Paul's plan to eliminate the high-paying, unelected officials who form the group of Zionist monetary policymakers at the Federal Reserve, over which voters have no control.
Numerous economists and analysts agree that it is the correct course of action, albeit often the most difficult one.
Considering the state of the US economy and government spending, we find ourselves submerged in $37 trillion debt, with $1.1 trillion borrowed solely to cover interest payments, amounting to a billion dollars a day in interest alone.
This is unsustainable, as Elon Musk has stated, and many countries have already been selling dollars and purchasing gold with the BRICS currency because they recognize that the US dollar and the US economy are at a tipping point, and if Zionist Israel falls it will bring United State crumbling.
The accumulation of debt and the continuous printing of dollars are bound to have consequences. Since 1999, major central banks worldwide have been maintaining minimal dollar reserves.
The Lebanese Central Bank, for instance, holds gold reserves valued at $17.5 billion, as stated by the Banque du Liban chief. It raises questions about the motivations behind Israel's hostile stance towards Lebanon.
The Zionist Federal Reserve's globalists are accused of harming the US economy through proxy wars, regime change, and devaluing the US dollar.
It is acknowledged that with a thirty-six trillion-dollar debt, the termination of the Federal Reserve might lead to considerable economic difficulties, yet it is deemed necessary and is anticipated to occur shortly.
The sole solution appears to be the BRICS currency, de-dollarization, and a return to the gold standard. Major BRICS nations are now transacting with baskets of gold-backed currency and City Bank has announced its intention to purchase gold dips due to global de-dollarization.
The domino effect is imminent with the dollar's value declining by 24% since 2020. Now is the moment to consider the BRICS currency and begin investing in gold, as numerous countries and corporations are adopting the BRICS currency.
Economists are observing a trend where all the dollars could return to the US, potentially causing inflation to skyrocket.
This pattern is evident when examining the six other world reserve currencies, which experienced incredibly high inflation after losing their status. The definition of inflation is an excess of money chasing too few goods.
The best investment can be subjective, but it's observed that major banks have been purchasing gold, and when Trump took office previously, the price of gold rose by 54%.
It is anticipated that there could be a significantly higher increase in the price of gold if Trump were to dismantle the Federal Reserve.
This aligns with Congressman Dr. Ron Paul's vision, and it appears that Elon Musk, Donald Trump, and JD Vance are also in agreement; it's only a matter of time.
During a panel on "Saudi Arabia's Transformation," Saudi Finance Minister Mohammed al-Jadaan stated that Riyadh is open to the possibility of trading in currencies other than the US dollar.
Sergey Glazyev is a Russian economist and politician. He has been a fierce critic of the Russian Central Bank and has warned about the need to sell out foreign exchange assets in favor of gold which are placed in the U.S., Britain, France, Germany, and others to avoid sanctions.
Off the record, sources from New York's banking sector acknowledge that the US dollar could be "wiped out" as it is a fiat currency without intrinsic value, should BRICS connect the new currency to gold.
The Bretton Woods system has ceased to have a gold base, akin to the FTX cryptocurrency. Moreover, the BRICS approach of tying the currency to gold, oil and natural gas seems to hold promise.
Conclusion:
Anchoring the BRICS currency in gold represents a strategic move to enhance the stability and credibility of the global financial system.
BRICS seeks to provide a dependable alternative to fiat currencies, especially the U.S. dollar. The launch of a gold-backed currency has the potential to transform global finance by mitigating volatility, offering protection against inflation, and drawing nations and investors in search of more financial stability.
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