Perhaps it is because I do not live in the United States, but to me it sounds amusing enough to imagine a retailer shop (which is supposed to sell things like food and medicine) also offer literal small gold bars to their costumers. Truly in the United States one can find a little bit of everything in drug stores and retail establishments.
Anyways, talking back into the topic of the apparent weakness of the USD an the alledged incoming doom of the American Fiat. I still believe those beliefs to be quite exaggerated, as far as I can see the stock market in the USA is doing pretty well right now, the unemployment in the USA is also low and the inflation is going down through time close enough back to pre COVID levels, so I dont see what is the the indication to affirm the USD is going to be displaced as global currency and medium to transmit value between people and businesses.
If anything, those numbers given by Costco only show the people on the United States have become more aware of the necessity of diversification of their assets and some of them hay actually FOMOED into the gold market after seeing how the price has behaved during November and December.
Also, the BRICS has nor even issued their common currency yet, how many people around here predicted it would happen. The American dollar is far from being destroyed. In my opinion.
The point is inflation. Slow inflation allows people to adapt. So, they don't get all bent out of shape over it. But the rapid inflation hurts the people in ways that irritate them. So, they are finding other places to invest it rather than the dollar.
There is no strength in the USD. There is only lies and stealing from the people. How do we know? Find a bank CPA who is willing to talk - a CPA who audits bank ledgers - and he will tell you that the bank deposits promissory notes and mortgage notes into accounts just like they were money. Then the bank withdraws the money in the form of cash or bank checks, and gives it to the borrower.
So, what does the borrower need the bank for? Since he created the money with the bank, get rid of the middleman (bank) and simply create borrower money. That's what Bitcoin is doing... sort of.
But the US banking system is a lie that is causing inflation. And when the government borrows a bunch of money to give to Ukraine and other places, this cause big inflation for the people of the US and all countries that use the US money.
Will BRICS go this route? Probably not. They want something for money that has inherent value. Gold and silver, even though this value is determined by the desires of the people, have inherent value in electronics and other things. Probably BRICS will base their money on gold and silver... and platinum, and other things that have real value... rather than the inflated, useless US dollar.
Has the Dollar Struck the BRICS Iceberg?
https://www.zerohedge.com/news/2023-12-27/has-us-dollar-already-struck-brics-icebergThe BRICS countries, especially those in the global South, are leading the charge to depart from the decades-long dominance of the American currency. China and Japan's central bank shares show the most significant rise in central banks. Interestingly, the Euro is just slightly behind in losing a share in the world currency market.
If BRICS stops using the USD, there will likely be a financial disaster in the United States, with hyperinflation wreaking havoc across all sectors in the US. However, losing the dollar as the medium of exchange worldwide is not the most significant danger for the American hegemony. Collaboration and stronger ties between the BRICS and emerging nations are essential. Xn Iraki, an associate professor in the Faculty of Business and Management Sciences of the University of Nairobi, offered this via China Daily:
"BRICS is at a watershed in terms of global economic organisations, with less-developed countries now having access to technology from more advanced ones and having an opportunity to diversify their exports and gain access to new sources of funding."
The professor suggested member countries strengthen intergroup collaboration in many fields, including cultural exchanges, science and technology. Once this level of partnership begins, the so-called Global South will be much more influential on the financial and geopolitical scales. What the experts are suggesting is not just a business shift but a literal change of identity for poorer nations that wielded almost no power or influence. This is the great appeal for joining the BRICS; the US and its allies have no comparable leverage point.
The BRICS account for 37% of the world's GDP, while the G7 only squeaked out 30%. With the UAE, Saudi Arabia, and Iran joining the group, oil production on Earth will be firmly in the hands of BRICS members. US government data shows BRICS' share of global oil production blossoming from 19% to 41% after the recent expansion.
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