The world continues dumping US dollar (Gold, New World Order, World War III)

[DrBeer]

There is no war without economic interests, every war there is certainly a foundation related to the economy. Have we ever heard that a large country attacks a small country that does not have natural products or political interests in it?
The Russian War with Ukraine is related to the interests of the political economy, because Ukraine joined NATO and Russia thinking about the fate of his country will be threatened. And that's what happened to Syria and at that time the United States government supported anti-government rebel forces. What's in Syria? That's the question. In Syria has a large source of oil. Again, economic interests.

With this, then anyone who has high economic power, then they will be able to survive. Is the country's nagara able to reduce the exchange rate of the dollar to plummet? America has a big influence on the international world, and China has an influence in the economic field, and Russia is a large country that has abundant sources of oil. The three countries can survive well when the World War occurred. But unfortunately, small countries become land for them for trials. I do not hate them, but thinking about the fate of innocent citizens in an area, and surrounding areas. We are civilians who certainly feel the effect of what happens, both those in the ruling countries, as well as those who are in the colonies, and countries that are dependent on that country.
When dumping occurs with dollars, it will certainly be problematic for many countries, and the inflation rate will be high. This effect will be bad as a whole.
Hopefully the countries that fight quickly make peace, and the ideals of World War 3 must be immediately destroyed.

I'm sorry, but you are very much mistaken!
1. The idea of joining NATO is a consequence of the Russian terrorist attack on Ukraine. And NATO is one of the options for protecting Ukraine in the future from such "neighbors". By the way, let me remind you that Russia was one of the guarantors of the inviolability of Ukraine and the integrity of its borders.
Russia's terrorist attack on Ukraine began in 2014. The first official document about the desire of Ukraine to become a member (no not to join, but simply intentions) appeared in the legislative framework of Ukraine only in 2018. Although the Kremlin's propaganda is trying to convince everyone of the exact opposite! But if you're not a fool, it's very easy to check the Kremlin's lies...
2. The reasons for the aggression against Ukraine were completely different - it was the overthrow of the criminal power of President Yanukovych, which could become an example for Russia, where the power of kleptomaniacs gained total control over all the resources of the country and brought people essentially to a slave-owning system.
3. One of the additional possible reasons is the discovery on the territory of Ukraine of huge deposits of shale gas. In terms of volume - the first in Europe. What would be the competition of the Russian monopoly on the supply of gas to the EU. By the way, I would like to draw your attention to the fact that in 2012-2013 a project for the production of shale gas was developed in the near future. And what is very important - this deposit is located ... on the territory of today's DPR / LPR. You can google, there are a lot of documents in the open, with maps of deposits and attracting Western companies.

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[pooya87]

There are countries like Pakistan that are almost at verge of economic collapse and desperately in need of USD to save there economy.

There are a lot of countries that have their economy suffer because of the way USD is. Some of them are in fact dumping it for this reason like Iraq that recently moved to using Yuan for part of their energy sales so that they can at least have access to some of their money (US regularly blocks them from accessing their own money).

It's used as a weapon because why?

Because that is mainly how US survives with its messed up economy that has a ridiculously high national debt and a rapidly increasing trade deficit.

[Moeda]

I'm sorry, but you are very much mistaken!
1. The idea of joining NATO is a consequence of the Russian terrorist attack on Ukraine. And NATO is one of the options for protecting Ukraine in the future from such "neighbors".

I'm sorry too, I'm not saying that Ukraine did something wrong when it joined Nato. It is a country's choice, and it is a country's right to freedom in building political cooperation.
What I want to emphasize is that the action was considered wrong by Russia, so that the war between the two countries occurred.
I'm not pro-Russia, but I just want to explain the effect that occurred despite Ukraine's desire to join Nato as part of a country's freedom rights.
 All governments would of course do the same to protect the country. Ukraine joined Nato with the aim of having protection for their country, Russia also built cooperation with countries that were against Nato also aimed to get their protection and cooperation.
But whatever narrative they develop is part of their way of influencing public stigma.
What we care about is the innocent little people who become victims.

[serveria.com]

Gold buyers binge on biggest volumes for 55 years
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations.

The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.
Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.



“The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said.
Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds.

The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold.
 
This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues.

I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power.

Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history.

With that said, 2023 outlook is already bad economically speaking.
How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?

I fully agree but I'm not sure if it's good or bad in Bitcoin context. So far we have witnessed Bitcoin/USD exchange rate didn't react to USD inflation, in other words $22k this year is not the same as $22k in 2021! Mainstream investors prefer gold as a hedge against inflation, not Bitcoin. So yeah, I agree, but is it good for Bitcoin? Time will tell.

[MusaPk]

There are countries like Pakistan that are almost at verge of economic collapse and desperately in need of USD to save there economy.

There are a lot of countries that have their economy suffer because of the way USD is. Some of them are in fact dumping it for this reason like Iraq that recently moved to using Yuan for part of their energy sales so that they can at least have access to some of their money (US regularly blocks them from accessing their own money).

If you keep your money in Banks of Big powers then you are giving them right to control your money. Most of money earned by selling of oil by Gulf countries are residing in US banks and rest you have already explained.
Russia is doing right thing for his economy by selling oil in Rubles. Pakistani officials are in talk with Russian to buy oil and settlement will be in 'currency from friendly countries', so it will defiantly not USD. Pakistan has very few reserves of USD left and oil stock in country is draining out. Russian oil will also come at some discount, so it will be a small relief for people of Pakistan.   

[EarnOnVictor]

Gold buyers binge on biggest volumes for 55 years
Central banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar.
Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations.

The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.
Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.



“The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said.
Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds.

The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold.
 
This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues.

I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power.

Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history.

With that said, 2023 outlook is already bad economically speaking.
How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?

I fully agree but I'm not sure if it's good or bad in Bitcoin context. So far we have witnessed Bitcoin/USD exchange rate didn't react to USD inflation, in other words $22k this year is not the same as $22k in 2021! Mainstream investors prefer gold as a hedge against inflation, not Bitcoin. So yeah, I agree, but is it good for Bitcoin? Time will tell.

I'm afraid, am almost totally disagree with the tone of this article, it's not just a true correlation of what is happening in the real world of investment that I know. It's a kind of anti-USD position and it's actually contrary to what the USD is experiencing in reality. I am of the position that the USD will always have supposed enemies, which I believe Bitcoin is not part of it as many would always want people to believe. They will always coexist and exchange for one another at the preference of the market sentiment.

Many countries might try to pull the USD down, but from what I see and foresee, they will always fail as they have little or no allies to align with their jealous plots.

[Wind_FURY]

It's used as a weapon because why?

Because that is mainly how US survives with its messed up economy that has a ridiculously high national debt and a rapidly increasing trade deficit.

But the fact is, the only reason why the United States government CAN use it as a weapon is because they know the U.S. Dollar us needed to participate in world trade. Why? Because it is ahead vs. any other fiat currency in Spendability/Saveability/Liquidity. Do you believe the U.S. government can use it as a weapon if it wasn't?

[DrBeer]

I'm sorry, but you are very much mistaken!
1. The idea of joining NATO is a consequence of the Russian terrorist attack on Ukraine. And NATO is one of the options for protecting Ukraine in the future from such "neighbors".

I'm sorry too, I'm not saying that Ukraine did something wrong when it joined Nato. It is a country's choice, and it is a country's right to freedom in building political cooperation.
What I want to emphasize is that the action was considered wrong by Russia, so that the war between the two countries occurred.
I'm not pro-Russia, but I just want to explain the effect that occurred despite Ukraine's desire to join Nato as part of a country's freedom rights.
 All governments would of course do the same to protect the country. Ukraine joined Nato with the aim of having protection for their country, Russia also built cooperation with countries that were against Nato also aimed to get their protection and cooperation.
But whatever narrative they develop is part of their way of influencing public stigma.
What we care about is the innocent little people who become victims.

You do not quite understand me, I do not consider you a supporter of the Kremlin regime or something like that, by no means!
I wanted to say that the reason that you consider the reason for starting a terrorist war against Ukraine "Ukraine's entry into NATO" is not true. In Ukraine, the idea of joining NATO appeared a few years after Russia attacked Ukraine! The attack on Ukraine did not take place in 2022, but in 2014! And in 2014, there was not even any talk about Ukraine's entry into NATO, because. absolutely pro-Russian president Yanukovych ruled in Ukraine

[pooya87]

I fully agree but I'm not sure if it's good or bad in Bitcoin context. So far we have witnessed Bitcoin/USD exchange rate didn't react to USD inflation, in other words $22k this year is not the same as $22k in 2021! Mainstream investors prefer gold as a hedge against inflation, not Bitcoin. So yeah, I agree, but is it good for Bitcoin? Time will tell.

Bitcoin and gold don't have to compete with each other and these two markets haven't really done that so far either. In other words even if investors prefer gold that doesn't mean bitcoin isn't benefiting from the current ongoing situation.
As for the price, my theory is that the problem is that we aren't just facing inflation but inflation with recession. Which is why people generally liquidate their assets instead of increasing them hence the sell pressure last year.

it's actually contrary to what the USD is experiencing in reality.

US dollar has been losing its value in reality (easily seen in increased price of everything) but if you aren't seeing a catastrophe that's because of the high interest rate that is trying to keep dollar artificially strong.

[DrBeer]

 

News from "countries that heroically defeated the vile useless dollar"!

By the way, pay attention to the subtle play of the hands of the "friends of Russia" - India and China! They undress Russia as soon as they can, hiding behind "we are also fighting the dollar"

Oil in exchange for "wrappers". Russian companies do not know what to do with the rupees received from India...
Having increased trade with India by hundreds of percent and abandoned the dollar at the request of the Kremlin, Russian companies are faced with a problem: the rupees received for the sale of goods to Indian counterparties turned out to be nowhere to go.

Exporters have accumulated Indian currency, but the Indian regulator does not allow it to be traded on the Moscow Exchange and converted into rubles, Kirill Pestov, managing director for business development of the exchange, said in an interview with Reuters.

Since the middle of last year, according to him, foreign exchange market participants have been interested in selling rupees - cheap Russian oil has flowed to India, and by the end of the year supplies have grown 33 times. Their volume - almost 1.5 million barrels per day - exceeded imports from Iraq and Saudi Arabia combined.

But it is impossible to sell a rupee in Moscow. "Indian currency regulation restricts the circulation and settlements in rupees outside of India, and this applies to the entire outside world," Pestov explained.

https://www.moscowtimes.ru/2023/03/06/neft-v-obmen-na-fantiki-rossiiskie-kompanii-ne-znayut-kuda-det-poluchennie-iz-indii-rupii-a35903

[Wind_FURY]

News from "countries that heroically defeated the vile useless dollar"!

By the way, pay attention to the subtle play of the hands of the "friends of Russia" - India and China! They undress Russia as soon as they can, hiding behind "we are also fighting the dollar"

The U.S. Dollar is ahead for every Nation-State to "dump" them now. It would be Economic Suicide in my opinion. China is obviously one of the countries that DON'T want for the Dollar to go down. Why? Because they have trillions in U.S. Dollar reserves, and the United States knows that.

Oil in exchange for "wrappers". Russian companies do not know what to do with the rupees received from India...
Having increased trade with India by hundreds of percent and abandoned the dollar at the request of the Kremlin, Russian companies are faced with a problem: the rupees received for the sale of goods to Indian counterparties turned out to be nowhere to go.

Exporters have accumulated Indian currency, but the Indian regulator does not allow it to be traded on the Moscow Exchange and converted into rubles, Kirill Pestov, managing director for business development of the exchange, said in an interview with Reuters.

Since the middle of last year, according to him, foreign exchange market participants have been interested in selling rupees - cheap Russian oil has flowed to India, and by the end of the year supplies have grown 33 times. Their volume - almost 1.5 million barrels per day - exceeded imports from Iraq and Saudi Arabia combined.

But it is impossible to sell a rupee in Moscow. "Indian currency regulation restricts the circulation and settlements in rupees outside of India, and this applies to the entire outside world," Pestov explained.

https://www.moscowtimes.ru/2023/03/06/neft-v-obmen-na-fantiki-rossiiskie-kompanii-ne-znayut-kuda-det-poluchennie-iz-indii-rupii-a35903

What Russia should be doing is because the the price cap the U.S. made of $60.00 per barrel for Russian Oil, Russia should peg Russian Oil to Gold. Plus when the peg is established, Russia could manipulate the peg by offering double the barrel of oil for Gold, in theory making Gold prices rise, making the value of their Gold reserves rise, and their Gold outputs rise.

 

[buwaytress]

US dollar has been losing its value in reality (easily seen in increased price of everything) but if you aren't seeing a catastrophe that's because of the high interest rate that is trying to keep dollar artificially strong.

And yeah, just as I thought we'd see it being more vulnerable, they go ahead and double down on interest huh...

Don't know how I missed this or why I'm not seeing more discussion about it but Powell just suggested -- after months of seemingly agreeing that things aren't as bad as they thought and that they could ease down on interest rate hikes -- that even bigger increases are expected?

So much about continuing to dump US dollar when it's relatively "free" money just holding for interest in short term -- wish I had some for more BTC.

[Pierre 2]

I think not Russia but actually China is mastermind behind this policy. They realized its nearly impossible to overcome American imperialism unless you challenge their financial systems. United States Dollar is used as reserve currency and medium for trading between different nations. They can't challenge "trading" usage of usd yet. But they could damage reputation of Dollar as reserve currency. So buying Gold as alternative worked. Bitcoin is indirectly effected because its another alternative.

[|MINER|]

I think not Russia but actually China is mastermind behind this policy. They realized its nearly impossible to overcome American imperialism unless you challenge their financial systems. United States Dollar is used as reserve currency and medium for trading between different nations. They can't challenge "trading" usage of usd yet. But they could damage reputation of Dollar as reserve currency. So buying Gold as alternative worked. Bitcoin is indirectly effected because its another alternative.

Gold has been an important asset for thousands of years and remains it also in today. But I wouldn't mix cryptocurrency with gold trading, because cryptocurrency is a very risky area for asset for holding because of it's volatilities. Moreover, it has been repeatedly said by professionals that all assets should not be invested in cryptocurrency. So bitcoin। can be a alternative a when you afford the fund for loose.

[Ozero]

What Russia should be doing is because the the price cap the U.S. made of $60.00 per barrel for Russian Oil, Russia should peg Russian Oil to Gold. Plus when the peg is established, Russia could manipulate the peg by offering double the barrel of oil for Gold, in theory making Gold prices rise, making the value of their Gold reserves rise, and their Gold outputs rise.

Russia has long been looking for a way out of the situation with sanctions, in which it drove itself into an attack on Ukraine. If the introduction of gold backing of its oil could save the Russian economy, then they did it a long time ago. But in this case, such a step will clearly not help Russia.
Russia needs to sell its oil. Even if its oil is backed by gold, what difference will that make? Absolutely nothing. Oil vseravno need to sell for the currency. Nobody needs the ruble anymore. Russian banks are disconnected from SWIFT. Even Russia's gold is under sanctions. In July last year, the European Union in its next package of sanctions imposed a ban on direct and indirect transactions with Russian gold, the sale of which the EU calls Russia's most important export after energy. The fact is that few people want to get involved with Russian oil, and this is the cause of one of Russia's current problems.

[Wind_FURY]

What Russia should be doing is because the the price cap the U.S. made of $60.00 per barrel for Russian Oil, Russia should peg Russian Oil to Gold. Plus when the peg is established, Russia could manipulate the peg by offering double the barrel of oil for Gold, in theory making Gold prices rise, making the value of their Gold reserves rise, and their Gold outputs rise.

Russia has long been looking for a way out of the situation with sanctions, in which it drove itself into an attack on Ukraine. If the introduction of gold backing of its oil could save the Russian economy, then they did it a long time ago. But in this case, such a step will clearly not help Russia.

Russia needs to sell its oil. Even if its oil is backed by gold, what difference will that make? Absolutely nothing. Oil vseravno need to sell for the currency. Nobody needs the ruble anymore. Russian banks are disconnected from SWIFT. Even Russia's gold is under sanctions. In July last year, the European Union in its next package of sanctions imposed a ban on direct and indirect transactions with Russian gold, the sale of which the EU calls Russia's most important export after energy. The fact is that few people want to get involved with Russian oil, and this is the cause of one of Russia's current problems.

I know it's very debatable, and I merely posted it to know other opinions such as yours, which I truly respect. BUT what if instead of pegging Russian Oil with Gold, what if Russia pegged their Oil with Bitcoin? Because there will always be demand for Russian Oil, and the peg with Bitcoin will make it easier in trade, IF the counterparty can buy Bitcoin, which isn't currently hard to do. Plus the Gold-peg-theory isn't about saving the Russian Economy, it's to go around the price cap imposed by the United States. The objective would be, instead of increasing the price of Oil which is made impossible because of the price cap, to double the barrels of Oil per grams/ounces of Gold once the peg is established to increase the "price" of Gold in Russian Oil, then it will increase the value of their own Gold reserves AND their Gold outputs.

[Sithara007]

I think not Russia but actually China is mastermind behind this policy. They realized its nearly impossible to overcome American imperialism unless you challenge their financial systems. United States Dollar is used as reserve currency and medium for trading between different nations. They can't challenge "trading" usage of usd yet. But they could damage reputation of Dollar as reserve currency. So buying Gold as alternative worked. Bitcoin is indirectly effected because its another alternative.

Russia implemented this policy almost a decade ago, when they started to build their gold reserves. Now they have a gold reserve of close to 2,300 tonnes. But even now, most of their forex reserves are in the form of USD and EUR, and only around 30% is in the form of gold. And as a result, the western nations were able to freeze their assets once the war between Russia and Ukraine started. Probably China has taken note of this development. Along with Japan, they have the largest reserves of United States treasury bonds.

[Gayong88]

The main point is, the USD will lose its lead at some point in the future. There is no way the US can repay such a large debt with a depreciating currency. The US borrows most of the world's money and they continue to borrow. It's only going to get worse.

I think the world is preparing for a global economic depression. We will see much higher unemployment rates and even higher poverty rates in the future.

While I can't predict what will happen if the next financial crisis hits, but I think it's possible to imagine a scenario that doesn't end well for the US, maybe not right away but in the long term. if the time comes if we want to get out of paper currency and into gold or silver. I'm not worried about being able to buy food or clothes if this happens, hopefully we've learned from history and are prepared.

[Synchronice]

I'm sorry, but you are very much mistaken!
1. The idea of joining NATO is a consequence of the Russian terrorist attack on Ukraine. And NATO is one of the options for protecting Ukraine in the future from such "neighbors". By the way, let me remind you that Russia was one of the guarantors of the inviolability of Ukraine and the integrity of its borders.
Russia's terrorist attack on Ukraine began in 2014. The first official document about the desire of Ukraine to become a member (no not to join, but simply intentions) appeared in the legislative framework of Ukraine only in 2018. Although the Kremlin's propaganda is trying to convince everyone of the exact opposite! But if you're not a fool, it's very easy to check the Kremlin's lies...

Russia doesn't want NATO to be near to it's borders, I think that's true. If Belarus, Ukraine and Georgia join NATO, Russia will become surrounded by NATO, i.e. by USA. I think their point is clear, it's clear why they waged a war against Ukraine but there is another problem too, Russia has imperialistic wishes and dreams, they want to rebuild Soviet Union. It's clear, you can hear Putin's speeches, visit their propaganda websites, Russia Today even has category called Russia & Former Soviet Union next to its logo.

But why is Russia in this situation? Is Russia a victim of USA? Hell NO! Russia is a victim of it's dicktatorship and corruption, no one wants to be part of Russia because of low quality life, corruption, bad politics, neighbors, including Ukraine, want to join Western life.

I think not Russia but actually China is mastermind behind this policy. They realized its nearly impossible to overcome American imperialism unless you challenge their financial systems. United States Dollar is used as reserve currency and medium for trading between different nations. They can't challenge "trading" usage of usd yet. But they could damage reputation of Dollar as reserve currency. So buying Gold as alternative worked. Bitcoin is indirectly effected because its another alternative.

It doesn't need mastermind to understand that the reason why countries are dumping USD is that America has too much control on every country and if someone goes against the USA, they can easily freeze their reserves. Too much centralization is never a good option.
Also, USD's reputation is already bad, no one can damage it further. When you see that country prints trillions of dollars and exports its own inflation into different countries and even benefits when other countries aren't doing well, it's clear to see that USD is not a good guy for you.

[Ozero]

I'm sorry too, I'm not saying that Ukraine did something wrong when it joined Nato. It is a country's choice, and it is a country's right to freedom in building political cooperation.
What I want to emphasize is that the action was considered wrong by Russia, so that the war between the two countries occurred.

The assertion that Russia attacked Ukraine because Ukraine decided to join NATO is incorrect. It should also be noted that Ukraine at the moment only expresses a desire to become a member of this alliance and no procedures for its adoption have yet been carried out. Putin, even a year after the military attack on Ukraine, is confused and constantly changes the reasons for such an attack. The real reason for the attack, on the one hand, is the desire to remove the freedom-loving Ukrainian people from their borders with the very concept of statehood of Ukraine, and on the other hand, to appropriate the territory, lands and history of Ukraine.

Already after the attack on Ukraine, Finland and Sweden expressed their desire and are completing the process of joining NATO, as a result of which Russia receives a total border length with NATO members of about 2,600 kilometers. Moreover, the motive was precisely the Russian attack on Ukraine. They directly stated that if Russia is now cutting its brothers and sisters in Ukraine, then nothing will stop it and attack them. But in Russia, after several threats against the new NATO members, they calmed down. Russians are now killing Ukrainians just for saying that they belong to Ukraine and wearing the attributes of its statehood.

On March 6, social networks were stirred up by the brutal execution by the Russians of a Ukrainian prisoner of war, in which a burst of automatic weapons was fired after his words: "Glory to Ukraine." This is the essence of the Russian bulk to Ukraine. And its desire to become a member of NATO is not the direct cause of the attempt to destroy Ukraine and Ukrainians.