Global Dominance For The U.S. Dollar?

 Will A New BRICS Currency Backed by Gold Mean the End Of Global Dominance For The U.S. Dollar? - by Michael Snyder - http://theeconomiccollapseblog.com/will-a-new-brics-currency-backed-by-gold-mean-the-end-of-global-dominance-for-the-u-s-dollar/ Is the global dominance of the U.S. dollar in danger? In recent weeks, there has been lots of speculation about the introduction of a new BRICS currency that would be backedby gold. In this article, my goal is to sort through what is true and what is not true. From August 22nd to August 24th, the 15th BRICS summit will be held in Johannesburg, South Africa. Back on July 5th, RT sparked a firestorm of rumors when it reported thata decision to introduce a new BRICS currency that would be backed by gold would be made prior to the upcoming summit in Johannesburg… BRICS is set to introduce a new currency backed by gold, in contrast to the credit-backed US dollar, with the decision coming a month ahead of the bloc’s summit in Johannesburg.With the growing initiative, more and more countries are lining-up to join the group. In the aftermath of that report, many prominent voices were warning that the U.S. dollar was in big trouble. For example, author Robert Kiyosaki boldly declared that the U.S. dollar “will die”… The end of the U.S. dollar is near, said the best-selling author of ‘Rich Dad Poor Dad’ Robert Kiyosaki, citing an upcoming BRICS summit in South Africa as a trigger. Kiyosaki is projecting that the BRICS group, comprised of Brazil, Russia, India, China, and South Africa, will announce their new gold-backed digital currency during its summiton August 22-24, and it will have dire consequences for the U.S. dollar. “August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto. US $ will die,” Kiyosaki tweeted last week. “Trillions of US $ rush home. Inflationthrough the roof.” Without a doubt, the dominance of the U.S. dollar is under threat from multiple directions. But a new BRICS currency will not be introduced during this upcoming summit. During an interview with Bloomberg, one of the top executives at The New Development Bank publicly admitted that the creation of a new BRICS currency is “a medium to longterm ambition”, but he also confirmed that such a currency will not be introduced right now… The New Development Bank, a financial institution created by the BRICS bloc of emerging markets, doesn’t have any immediate plans for the group to create a common currency,its vice president and chief financial officer said. While the members of BRICS – Brazil, Russia, India, China and South Africa – are pushing to conduct more trade between each other in local currencies, they aren’t ready tochallenge the global dominance of the dollar, Leslie Maasdorp said in an interview on Wednesday with Bloomberg TV’s Haslinda Amin. “The development of anything alternative is more a medium to long term ambition,” he said. “There is no suggestion right now to creates a BRICS currency.” But that doesn’t mean that really big things aren’t happening. In addition to the core BRICS nations, Bangladesh, the United Arab Emirates and Uruguay are apparently getting very close to joining The New Development Bank. Those are relatively minor players on the global scene, but if Saudi Arabia also joins, that could change everything. There is lots of chatter that this could happen soon, and during a recent interview Lobo Tiggre said that such a move would be “a watershed event”… Saudi Arabia joining BRICS would be “a watershed event,” he said. “I think if we wake up and Saudi Arabia joins the BRICS alliance, the world would be a different world ina meaningful and significant way.” I agree. If Saudi Arabia joins BRICS, it would represent an enormous shift. And that would probably greatly accelerate the transition to trading Middle Eastern oil in currencies other than the U.S. dollar. Even without a new currency, it appears to be inevitable that BRICS is going to continue to accumulate more power and more influence. According to South Africa’s ambassador to BRICS, over 40 different nations “have indicated an interest in joining the bloc”… Anil Sooklal, South Africa’s ambassador to BRICS, told reporters on Thursday that more than 40 countries have indicated an interest in joining the bloc of major developingeconomies, but there is no gold-backed currency announcement planned for next month’s summit. And Sooklal also told reporters that a whopping 69 global leaders have been invited to attend the BRICS summit next month… Sooklal said that “Argentina, all the major Global South countries,” have applied for membership, and that other economically significant countries have expressed an interestin joining, including Bangladesh, the United Arab Emirates, Iran and Saudi Arabia, and even some European countries. “They are quite weighty countries,” he said. He added that South Africa has invited 69 global leaders to attend the BRICS summit, demonstrating the bloc’s interest in increasing its global influence. When BRICS was formed in 2009, many western leaders didn’t take it very seriously. But now it has become a powerhouse. And during this upcoming summit, finding more ways for BRICS countries to settle trades “in their own national currencies” is something that will be on the agenda… Sooklal says BRICS, which is made up of Brazil, Russia, India, China and South Africa, is looking to strengthen economic ties among member nations by settling trades in theirown national currencies. “What we have said and we continue to deepen is trading in local currencies and settlement in local currencies.” Sooklal adds that the decision of the US and its allies to impose financial and economic sanctions against Russia for the war in Ukraine has catalyzed the move of the economicbloc to shift away from the dollar. They really do intend to move away from using the U.S. dollar. This is a process that will take time, but the dominance of the U.S. dollar in global trade is definitely starting to erode. So whether the BRICS countries choose to establish a new currency or not, the truth is that things are changing. The U.S. dollar will never again be as dominant as it once was, and great economic chaos is ahead of us. ---------------------------------- The CBDCs Are Coming, And the Elite Plan To Use These �Digital Currencies� To Enslave Humanity � Michael Snyder - http://theeconomiccollapseblog.com/the-cbdcs-are-coming-and-the-elite-plan-to-use-these-digital-currencies-to-enslave-humanity/ Central bank digital currencies are feverishly being developed all over the globe, and this is something that should deeply alarm all of us. For a moment, I would like foryou to imagine a world where the government instantly knows whenever you buy or sell something. No transaction would ever be truly private, not even your most personal or embarrassing ones. In addition, your money would not be truly your own under such a system. Youraccess to the digital currency system would be a privilege which could potentially be suspended or revoked with the click of a mouse. All of a sudden you would not be able to buy or sell anything and you would become an outcast from society. Under no circumstancesshould any government ever be given such power. Unfortunately, the CBDCs are coming, and they are going to radically change how commerce gets done. Here in the United States, the Federal Reserve Bank of San Francisco has posted a job listing for a �Senior Crypto Architect� to work on the development of a digital dollar. U.S. Representative Warren Davidson is very upset about this, because he believes that a CBDC issued by the Federal Reserve would be the �financial equivalent of the DeathStar�� The job description specified that the Federal Reserve seeks a technologist to �perform central bank digital currency (CBDC) research and development.� The expert will work to �ensure the Federal Reserve is well-positioned to design, develop, and implement technology to support a CBDC as may be required by the Board of Governors.� Although the job listing shows that the Federal Reserve is only working on CBDC research, Rep Davidson believes it is a sign of what is to come and described it as the �financialequivalent of the Death Star.� Davidson added that CBDC would turn money into a tool of coercion and control. Sadly, he is right on target. Once �digital dollars� issued by the Federal Reserve become the dominant form of currency in our nation, whoever has power over that system would truly have an unprecedented �tool of coercion and control�. So we must not allow this to happen. Sadly, CBDCs are now in development all around the world. For example, the UK has been moving toward the development of their own CBDC� The de facto head of His Majesty�s Treasury announced this week that the Bank of England has begun consultations on implementing a Central Bank Digital Currency (CBDC) thatcould usher in the globalist vision of a cashless society in which all transactions are traceable by the government. Chancellor of the Exchequer Jeremy Hunt revealed that, as a part of his �Edinburgh Reforms� of Britain�s financial services, the Bank of England will begin consultations onthe design of a Central Bank Digital Currency (CBDC) which would act as a digital version of the pound sterling. Meanwhile, the EU is looking at creating a digital version of the euro. The following comes from the official website of the European Central Bank� We are working with the national central banks of the euro area to investigate whether to introduce a digital euro. It would be a central bank digital currency, an electronicequivalent to cash. And it would complement banknotes and coins, giving people an additional choice about how to pay. A CBDC is currently being tested in Brazil, and it turns out that it has hidden backdoor features that would actually allow the government �to freeze people�s funds and adjusttheir balances at will�� Brazil, like most other masters, seeks to control the population with a central bank digital currency, or CBDC. Its pilot program made it possible for the ruling class tohave complete control over the money of the slaves. The new system contains hidden backdoor features allowing the Brazilian government to freeze people�s funds and adjust their balances at will. Even though these features are �hidden�, there is no secret as to why these sociopaths all so desperately need people to accept their enslavement through a CBDC scheme. According to a blockchain developer by the name of Pedro Magalhaes, founder of the Web3 consulting firm Iora Labs, the ruling class will have access to every single slave�sbank account once they roll out the CBDC system. Magalhaes claimed that he reverse-engineered the code behind Brazil�s CBDC program, which led him to this shocking discovery. And in Russia, the �digital ruble� is already here. Just a few days ago, Vladimir Putin signed �the digital ruble bill� into law� Russia�s president Vladimir Putin signed the digital ruble bill into law today, allowing the country�s central bank to issue its own digital currency. The digital ruble, which the Bank of Russia has long been mulling over, will be used for payments along with other methods, according to the new amendments to Russia�s CivilCode. The digital ruble accounts will be managed by the central bank, the law says. The bill passed its third, final hearing on July 11 and had been waiting for the president to be signed. Digital ruble is a CBDC project the Bank of Russia has been working on since 2020, when the Bank of Russia published its first analytical report on the topic. Later, the regulatorupdated the report including the feedback from Russian banks and other financial market participants. The regulator announced it stared piloting the system with a number of Russian banks in February 2022, shortly before the country started a war in Ukraine. This was a historic development. So why did we barely hear anything about it in the news? Overall, it is being reported that 130 different countries are now interested in potentially developing their own CBDCs� Out of 195 countries in the world, 130 nations are moving towards building their Central Bank Digital Currency (CBDC). Wow. Our world is changing so rapidly now. Once a �digital currency� is introduced where you live, how will you keep your �digital wallet� safe? After all, someone could just steal your �digital wallet� and spend all of the �digital currency� that you have saved up. Well, one German economist is warning that eventually we could see �digital wallets� actually get implanted under the skin� A well-known German economist has revealed that central banks around the world are planning to introduce central bank digital currencies (CBDCs) in the form of microchipsimplanted under the skin. This technology will enable complete government control over personal finances of its citizens. �I was taught by a central banker [that] the CBDCs look like a small grain of rice that they want to put under your skin,� said Richard Werner in an interview with podcasterIvor Cummins. Werner is known for developing the now commonly used bank practice of quantitative easing. Let us hope that nothing like that happens any time soon. But we truly are living in unprecedented times, and they are only going to get crazier with each passing year. If we are going to object to the implementation of CBDCs, the time is now. Hopefully we can get a lot more people in the general population to wake up, because the clock is ticking. The western elite had dreamed of uniting the entire globe under one economic and financial regime, but right now the very deep divisions between east and west continue togrow with each passing day.