Whether you are aware of it or not, the dollars days as the worlds reserve currency are numbered.
I am not saying this to scare you. It is a reality that you need to be aware of and plan accordingly.
In 1974, Henry Kissinger and Richard Nixon developed a plan to create a Petrodollar to support the FIAT monetary system in favor of the United States. The plan was brilliant. The United States would offer military support to Saudi Arabia the biggest member of OPEC as long as the OPEC nations priced all of their oil in U.S. dollars.
This system has been in place since 1974.
But….right now, Saudi Arabia is no longer pricing its sales of products in U.S. dollars.
This is the most consequential thing that has happened in the financial markets in the last 50+ years.
In other words, Saudi Arabia, along with Brazil, Russia, China, South Africa and India are de-dollarizing.
All of these nations no longer trust the U.S. dollar the way they did in the past.
Be forewarned.
De-dollarization refers to the process by which countries reduce their reliance on the US dollar. This can be done in a number of ways, including increasing trade in local currencies, and developing alternatives to the dollar-based international financial system. There are a number of reasons why countries may choose to de-dollarize, including reducing their exposure to US monetary policy, diversifying their reserves, and making themselves less susceptible to sanctions.
All of these countries have issued a direct economic challenge to the FIAT economic order of the Western World.
When sovereign states stop trusting the U.S. Dollar you should pay attention and plan accordingly.
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