Another Country Ditches The Dollar...

[Vastator]

And the list just keeps on growing. Allowing BRICS to gain traction. This time it's a major oil producer...

BRICS: Another Country Officially Ditches the US Dollar

BRICS: Another country has officially ditched the US dollar for crude oil transactions and will accept digital currencies instead.

watcher.guru

 

[whitehall]

Is that good news to anti-American lefties?

 

[DudleySmith]

lol good. They will just end up having to use gold, as their 'local currencies' are shit.

 

[rightwinger]

Looks like I will not be spending my hard earned dollars in BRICS

 

[surada]

lol good. They will just end up having to use gold, as their 'local currencies' are shit.

Petro Caribe was pretty successful.

 

[DudleySmith]

PetroCaribe scandal: Haiti court accuses officials of mismanaging $2 bln in aid

Haiti's High Court of Auditors released a report Monday slamming the fraudulent and often illegal management by various ministers and administrations of nearly $2 billion in aid from Venezuela between…

www.france24.com

 

[whitehall]

If Biden stays in office the Federal Reserve might have to come out with a million dollar bill.

 

[Vastator]

Is that good news to anti-American lefties?

Probably.

 

[surada]

PetroCaribe scandal: Haiti court accuses officials of mismanaging $2 bln in aid

Haiti's High Court of Auditors released a report Monday slamming the fraudulent and often illegal management by various ministers and administrations of nearly $2 billion in aid from Venezuela between…

www.france24.com

Haiti has always been a mess. There's far more good news about Petro Caribe.

 

[surada]

And the list just keeps on growing. Allowing BRICS to gain traction. This time it's a major oil producer...

BRICS: Another Country Officially Ditches the US Dollar

BRICS: Another country has officially ditched the US dollar for crude oil transactions and will accept digital currencies instead.

watcher.guru

Petrocaribe - Wikipedia

en.m.wikipedia.org

Petrocaribe was a regional oil procurement agreement between Venezuela and Caribbean member states. The trade organization was founded on 29 June 2005 in Puerto La Cruz, Venezuela during Hugo Chavez' presidency. Venezuela offered member states oil supplies on a concessionary financial agreement. Petrocaribe has been part of the "pink tide" in Latin America seeking to achieve post-neoliberal development in the region.[1] In 2013 Petrocaribe established links with the Bolivarian Alliance for the Americas (ALBA) aiming to go beyond oil trade and promoting economic cooperation. The deal fell apart by 2019 after dwindling oil production, corruption, and oil price fluctuations took their toll.[2]

 

[Polishprince]

The "major oil producer" is the failed Venezuela Regime. In spite of being the Saudi Arabia of oil, the country is one where the people live in abject poverty due to excessive liberalism.

 

[TheGreatSatan]

Democrats believe the dollar is a symbol of white supremacy and needs to be replaced with their CBDC.

 

[MarcATL]

lol!!!

 

[TheGreatSatan]

lol!!!

Is the dollar racist?

 

[Procrustes Stretched]

Looks like I will not be spending my hard earned dollars in BRICS

 

[TheGreatSatan]

The WEF/Democrat takeover of America will bring thier CBDC to Americans. Soon everything you buy will be tracked and rationed.

 

[Nobody911]

And the list just keeps on growing. Allowing BRICS to gain traction. This time it's a major oil producer...

BRICS: Another Country Officially Ditches the US Dollar

BRICS: Another country has officially ditched the US dollar for crude oil transactions and will accept digital currencies instead.

watcher.guru

De-dollarization: A Growing Trend

Based on the information from various sources, it is true that many countries are moving towards de-dollarization. This trend is driven by several factors, including economic and geopolitical considerations.

Reasons for De-dollarization

1. Safeguarding Reserves: Some countries, such as Argentina, are seeking alternatives to the U.S. dollar to safeguard their diminishing reserves of U.S. dollars.

2. Reduced Inflow of Dollars: Economic challenges, such as a decline in agricultural exports due to severe drought, have resulted in reduced inflow of dollars for certain countries, prompting them to explore alternatives to the U.S. dollar.

3. Geopolitical Considerations: The imposition of sanctions by the U.S. and its allies on countries like Russia has led to a push for trade to be carried out in currencies other than the U.S. dollar.

4. Strengthening Local Economies: Developing countries fear that U.S. sanctions could hurt their economies and, therefore, want to strengthen their local currencies and economies, leading to de-dollarization efforts.

Global Impact of De-dollarization

The de-dollarization movement has gained momentum, with countries like China, Russia, Brazil, and ASEAN seeking alternatives to the U.S. dollar for global trade. This shift represents a critical transformation in the global financial system.

Conclusion

In conclusion, the trend of de-dollarization is indeed a reality, driven by a combination of economic, geopolitical, and local economic considerations. This trend has the potential to reshape the global financial landscape and has implications for the role of the U.S. dollar as the dominant currency in the global financial system.

Sources :

1. Dedollarisation - Wikipedia

2. https://www.cnbc.com/2023/04/24/eco...-behind-acceleration-of-de-dollarization.html

3. BRICS: 21 Countries Officially Agree to Ditch the US Dollar in 2023

4. Explained: What Is Dedollarisation & Why Are Countries Dumping The US Dollar?

 

[DudleySmith]

lol how long have the con artists been peddling BRICS now? Like a collection of corrupt gangster led regimes are really going to trust each other's currencies n stuff and replace the dollar. It's a joke scam aimed at useful idiots.

It' been 15 years since they started peddling this scam, and ye foreigners are still piling their assets into the U.S. No way India is going to toss the U.S. dollar, all they're doing is playing for cheap oil from Iran and Russia, since the embargoes cu into their budgets.

 

[TheGreatSatan]

lol how long have the con artists been peddling BRICS now? Like a collection of corrupt gangster led regimes are really going to trust each other's currencies n stuff and replace the dollar. It's a joke scam aimed at useful idiots.

It' been 15 years since they started peddling this scam, and ye foreigners are still piling their assets into the U.S. No way India is going to toss the U.S. dollar, all they're doing is playing for cheap oil from Iran and Russia, since the embargoes cu into their budgets.

How is the WEF going to get their Central Bank Digital currency that tracks and rations everything everyone buys without crashing the dollar first?

 

[DudleySmith]

How is the WEF going to get their Central Bank Digital currency that tracks and rations everything everyone buys without crashing the dollar first?

Don't your loony conspiracy theory sites explain all that to you?