Thanks Joe.
This has been in the cards for some time despite skeptics dismissing it as not a realistic threat. Things take time, and time is against the dollar.
We think inflation is bad now... get ready when no one wants the US dollar.
We need to de-dollar the UN
The UN should switch to Rubles
russian propaganda is propaganda
87,913th death of the dollar.
The Euro barely left a scratch.
Meanwhile the dollar is still the unparalleled king of earth with no successor even existing.
Countries Where the US Dollar is the Official Currency
US Territory or Foreign Country Relationship with United States Geographic Location Population (2020) Gross Domestic Product (2020)
United States of America Federal Republic North America 331,501.08 Thousand $20.95 Trillion
Commonwealth of Puerto Rico Unincorporated territory of the U.S. Northeastern Caribbean 3,281.54 Thousand $103.14 Billion
Ecuador Independent country Northwestern South America 17,643.06 Thousand $98.81 Billion
Republic of El Salvador Independent country Central America 6,486.20 Thousand $24.63 Billion
Republic of Zimbabwe Independent country Southeast Africa 14,862.93 Thousand $18.05 Billion
Guam Unincorporated territory of the U.S. Western Pacific Ocean 168.78 Thousand $5.84 Billion
The Virgin Islands of the United States Insular area territory of the U.S. Caribbean 106.29 Thousand $4.07 Billion (2019)
The British Virgin Islands British Overseas Territory Caribbean 30.24 Thousand Not Available
Democratic Republic of Timor-Leste Independent country Maritime Southeast Asia 1,318.44 Thousand $1.90 Billion
Bonaire Kingdom of Netherlands Municipality Caribbean 20.10 Thousand (2019) $553 Million (2020)
American Samoa Unincorporated territory of the U.S. South Pacific Ocean 55.20 Thousand $709 Million
Commonwealth of the Northern Mariana Islands Unincorporated territory of the U.S. Western Pacific Ocean 57.56 Thousand $1.18 Billion (2019)
Federated States of Micronesia Six Sovereign Countries Subregion of Oceania 115.02 Thousand $410.08 Million
Republic of Palau Island Country Western Pacific Ocean 18.09 Thousand $257.70 Million
Marshall Islands Island Country Near Equator in the Pacific Ocean 59.19 Thousand $244.46 Million
Panama Independent Country Central America 4,314.77 Thousand $53.98 Billion
Turks and Caicos British Overseas Territory Caribbean 38.72 Thousand $924.58 Million
Source: The World Bank, Long Reads CBS, World Population Review
And, I think Argentina may switch to the US$
First step towards the WEF goal of Central Bank Digital Currency
So, UN, get out of the United States if you want to undermine us so much.
Good! These countries, for the most part, are going to bleed China dry with their demands for more, more, more.
Always comes back to human nature. Getting handouts from China and Russia is much more simple than producing what you desire by yourself.
I get what the Biden disaster has done, but some of these basket case countries can go fly a kite and get their handouts from the commies for a change.
We’ll see how that turns out. You see, Cuba is a wonderful destination for all things anti-American, and Russia, post USSR, continues to provide for their welfare. This should be a wonderful demonstration of where the endgame lies for BRICS.
De-dollarization is not a bad idea, considering our debt. The bigger issue is where do they go? There really isn’t anything out there that is any better.
The Peso will be King!
Start by listing the desired characteristics of a global trading currency, then identify what alternatives exist.
Truth is, there are none.
34 Trillion in debt with over a Trillion needed for interest payments. Why would anyone or any country be nuts enough to lend anything to the criminals infesting the District of Corruption?
The dollar is covered with oozing boils, but the Yuan and Ruble have Stage 4 lung cancer.