Is the death of the dollar near?

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Geo

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BRICS Nations (Brazil, Russia, India, China, South Africa)

Russia & China: Leading the charge. Most of their bilateral trade is now conducted in yuan and ruble, not dollars.

India: Using rupees and other currencies in oil and defense deals, especially with Russia and Middle East partners.

Brazil: Recently struck a deal with China to trade in their local currencies.

South Africa: Has voiced support for reducing dollar dependency.

Iran. Already cut out of the SWIFT system, Iran has been using the Chinese yuan, Russian ruble, and barter systems to bypass dollar-based sanctions.

Turkey/ President Erdoğan has advocated for reducing dollar reliance, and Turkey has conducted trade in local currencies with Iran, China, and Russia.

Saudi Arabia. The big one. While still tied to the petrodollar system, recent deals with China to sell oil in yuan and growing ties with BRICS suggest they’re positioning for a post-dollar world.

United Arab Emirates (UAE). Engaged in non-dollar bilateral trade agreements with India and China.

Argentina. Has started paying for Chinese imports in yuan, due to dollar shortages and pressure on their reserves..

Southeast Asia. Nations like Malaysia, Indonesia, and Thailand have discussed local currency settlements and reducing dollar reliance in regional trade.

Africa. Various African nations are negotiating BRICS-backed payment systems and seeking to bypass dollar-denominated debt burdens.
 
The fucktards here, don't understand the US petrodollar...which kept you afloat...is dead.
 
67mike said:
The fucktards here, don't understand the US petrodollar...which kept you afloat...is dead.
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I actually do but it's not like BRICS has a new reserve currency that can be universal either. I personally think it's going to go digital and cashless once the dollar is done.
 
VonBonfire said:
I actually do but it's not like BRICS has a new reserve currency that can be universal either. I personally think it's going to go digital and cashless once the dollar is done.
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This is the problem so far. Other countries have their own issues so it's not like anything is going to replace the dollar. They will all lose value in tandem to real assets like gold.
 
Bad Brain said:
This is the problem so far. Other countries have their own issues so it's not like anything is going to replace the dollar. They will all lose value in tandem to real assets like gold.
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So you don't think multiple countries can ban together and pool their resources to avoid the dollar?
 
Bad Brain said:
Sure, they already are, but I don't think that will be the dollars demise.
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So, when all these countries no longer back their currency with the dollar and all those dollars come back home nothing will happen?

Please explain.
 
Geo said:
So, when all these countries no longer back their currency with the dollar and all those dollars come back home nothing will happen?

Please explain.
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What do you mean 'back' their currencies with the dollar?
 
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Bad Brain said:
This is the problem so far. Other countries have their own issues so it's not like anything is going to replace the dollar. They will all lose value in tandem to real assets like gold.
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I just think the dollar collapse will lead to digital currency, because as reserve currency, it collapsing will set off a chain reaction everywhere else since everything is still tied to it we are a "global society". Up next, global authoritarian rule and total control that is both exceptionally brutal and short lived.
 
japetus said:
BRIANS AMERICAN BRISKET AND RIBS "We do what these cunts can't! except even better cause it's what these cunts can't do now done right here in Australia"
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^This is the @Thumbpicker approved slogan.
 
japetus said:
We are FUCKED! That is why I am so glad @Thumbpicker is going to take me in and let me live in his backyard, and start a American BBQ ribs business.
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I'd be careful if I were you. It's probably a ruse to lure you in and give you a savage beating to death. We've all witnessed how hateful and bloodthirsty he his towards non-Australians; especially Americans.
 
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