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Joe Biden is dethroning King Dollar in real time. The US dollar’s financial dominance is under siege from a uniquely bad combination of foreign and domestic policies, and Americans should be deeply concerned by the fallout if the dollar loses its 80-year reign as the world’s reserve currency. In just the past weeks, China conducted the first major LNG sale in renminbi instead of dollars, struck a major deal with Brazil to conduct trade in their own currencies, and just announced the sale of 65,000 tons of LNG to France denominated in yuan. This dovetails with the Biden administration’s inflationary...

An official meeting of all ASEAN Finance Ministers and Central Bank Governors kicked off on Tuesday (March 28) in Indonesia. Top of the agenda are discussions to reduce dependence on the US Dollar, Euro, Yen, and British Pound from financial transactions and move to settlements in local currencies. The meeting discussed efforts to reduce dependence on major currencies through the Local Currency Transaction (LCT) scheme. This is an extension of the previous Local Currency Settlement (LCS) scheme that has already begun to be implemented between ASEAN members. This means that an ASEAN cross-border digital payment system would be expanded further...

Death of the Dollar The death of the dollar is coming and it’s going to hit the American public like a ton of bricks. Once it is no longer the world’s reserve currency, all bets are off concerning the fiat currency, and we should brace ourselves for what comes next. Obviously, the central banks will need this epic crash to usher in the CBDC (central bank digital currency) which will be a technological slave system of control. But before that, we could see things that could only come out of the movies. The dollar has not been backed by gold...

For nearly 80 years, since the end of the Second World War, the U.S. dollar has been the currency of the world. But what if that ended? U.S. dollar has been the currency of the world.But what if that ended?(video in the link below) https://twitter.com/TuckerCarlson/status/1643781248408494080

According to Min News, fifty-six countries, including Israel and Japan, want to de-dollarize. Japan is dumping the US dollar as fast as it can. This is a direct result of the lockdowns and the sanctions. Both were highly-destructive failures. It is the beginning of the new world order that will possibly supersede the liberal world order within the next several years. No sane country wants to depend on a nation that will weaponize the system or the “demons in Davos.”

The future of the dollar and other US/Euro news from Palki Sharma - Indian journalist on geopolitics

Bangladesh could soon start trading with India using rupee instead of US dollar, trial for which has been done by Bangladesh Bank recently, reports UNB. The ministry of commerce has placed a written recommendation at the last cabinet meeting regarding the possibility and opportunity of using rupee instead of dollar. Currently Bangladesh exports goods to India worth around USD 2 billion. “The use of rupee will start with Bangladesh's $2 billion trade with India. Bangladesh Bank has almost finished all kinds of trials in this regard. Trading in rupee will be introduced in both countries only after bilateral decision on...

Trade between India and Malaysia is now able to be settled with Indian Rupees, the India Ministry of External Affairs (MEA) announced in a statement Saturday. This move strikes a blow to the hegemony US dollar. “This initiative by the Reserve Bank of India (RBI) is aimed at facilitating the growth of global trade and to support the interests of the global trading community in Indian Rupees (INR),” the statement from the MEA reads.

Russian Energy Minister Nikolai Shulginov said on Tuesday that his country has now been able to redirect all of its crude oil exports that have been impacted by Western sanctions over Ukraine to what he referred to as "friendly" countries. "I can say today that we have managed to completely redirect the entire volume of exports affected by the embargo. There was no decrease in sales," Shulginov was quoted by Reuters as saying. The Rise of BRICS There is no question that Russia’s fellow members of the increasingly influential BRICS (Brazil, Russia, India, China, South Africa) Alliance have played a...

Everywhere you turn there’s chatter about the ongoing US economic sanctions against Russia. The Russian Central Bank, Russian banks, Russian companies, Russian oligarchs — and anyone caught helping them — have seen their fortunes entangled since Moscow invaded Ukraine just over a year ago. From Davos to Aspen, American Treasury officials tout the unprecedented scale and scope of this powerful economic weapon. And why not? The effort has been impressive. The US government task forces have beached scores of yachts, grounded planes, blocked hundreds of millions of dollars of central bank assets and cut Russian financial institutions off from the...

The Federal Reserve Bank of the United States has announced that it is launching an instant payment transfer service called “FedNow Service,” which has features of a Central Bank Digital Currency (CBDC) and some analysts believe is the first big step towards a “digital dollar.” On Wednesday, within hours of our reporting that the Silicon Valley Bank and Signature Bank failures could spur renewed calls for the U.S. to implement a CBDC, the Federal Reserve announced that the U.S. is rolling out the FedNow instant payment transfer service in July. “The Federal Reserve announced that the FedNow Service will start...

Without last week’s Beijing-brokered deal, China would have had to rely on maritime routes under the control of the powerful US Navy to facilitate the forthcoming explosion in bilateral real-sector trade, but now everything can be conducted much more securely via the Iranian-transiting CCAWAEC. Looking forward, there’s also a theoretical possibility of Chinese energy investments in Iran connecting the Gulf to Central Asia and thenceforth to the People’s Republic, thus fully securing its strategic interests. That’s still a far way’s off, if it even happens at all that is, but it nevertheless can’t be ruled out. Saudi Arabia’s desire to...

HB 1165 Would Change Everything We Know About Money, Privacy, and Health Freedom March 15, 2023 A new bill moving quickly through the Missouri House is becoming familiar to red states that have been blindsided by this Trojan Horse legislation. HB 1165, sponsored by Justin Hicks (R) creates a new Article 12 in Missouri’s legal code for the Uniform Commercial Code. This lays the groundwork for a Central Bank Digital Currency (CBDCs) that would be the ONLY currency authorized by the federal government. HB 1165 would amend the UCC to perfect possession of Controllable Electronic Records and adds new sections...

The U.S. dollar enjoys the world reserve currency status due to numerous factors.Legal and investor security, an open and transparent market, as well as independent institutions with checks and balances that limit political power and strengthen the country’s currency in relative terms. No, a country does not have a world reserve currency due to military power. No one accepted the kopek when the Soviet Union ruled half the world.For a fiat currency to be a world reserve it needs to be widely accepted as unit of measure, method of payment and reserve of value.The problem is that all the above...

Let’s start with three interconnected multipolar-driven facts.First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.” So is the petroyuan finally at hand? Possibly, but Al-Jadaan wisely opted for careful hedging: “We enjoy a very strategic relationship with China and we enjoy that same strategic relationship with other nations including the US and we want to develop that with Europe and other countries.” Second:...

Saudi Arabia is opening its economic doors about trading in currencies other than the US dollar, Finance Minister Mohammed Al-Jadaan sounded off at the World Economic Forum in Davos, Switzerland. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Al-Jadaan said in an interview with Bloomberg. “I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world.” (snip) The term petrodollar refers to the US dollar’s position as the...

Ukrainian Ambassador to the U.S. Oksana Markarova on Sunday stressed that the billions of dollars in U.S. support to Kyiv in its fight against Russia is being put to good use, as some Republican lawmakers have started to question the aid. “Every U.S. dollar that is given to us, we’re putting it to a good use,” Markarova said on CBS’s “Face The Nation” with Margaret Brennan. “We’re using it as an investment into our joint fight for democracy.”

Unlike Archie Bell and the Drells, this tighten-up is about The Federal Reserve tightening-up its monetary policy. On December 31, 2021, the US Treasury yield curve (10Y-2Y) stood at +77.4 basis points, generally a good omen. Then markets woke up. And not in a woke way. As The Fed tightens to tamp down on inflation in 2022, we are seeing a pattern. The US Treasury 10Y=2Y yield curve has sunk to -82 basis points, a -206% decline. In addition to the inversion of the US Treasury yield curve we have witnessed M2 Money growth declining -90%, the S&P 50) index...

TOKYO — One of the worst-kept secrets in global central banking is the extent to which Chinese officials are swapping dollars for gold. Governor Yi Gang’s team at the People’s Bank of China isn’t admitting as much. The PBOC doesn’t have to, though, given the clear policy trajectory Chinese leader Xi Jinping has pursued in recent years: internationalizing of the yuan as the top rival to the dollar. Xi’s position hasn’t changed so much as other governments are catching on that trust is waning in the global reserve currency and an alternative to the dollar is badly needed. Particularly as...

On October 7, 2022, US congressman Alex Mooney (a Republican from West Virginia) introduced a bill (the Gold Standard Restoration Act, H.R. 9157) that stipulates that the US dollar must be backed by physical gold owned by the US Treasury. The initiative clearly indicates that the increasingly inflationary US dollar is triggering efforts to get better money.It should be noted that there have already been many legislative changes to make precious metals more attractive as a means of payment in recent years: in many US states, the value-added and capital gains taxes on gold and silver, but also on platinum...