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

[pooya87]

I believe the US has overplayed its card with all these USD sanctions

US is one bad decision after the other in the past ~70 years after WWII. The last straw was the Bush decision that led to wasting of $10 trillion in West Asia that is the main reason why US economy is falling apart today.
After US escaped Afghanistan there was some small hope for changing those stupid decisions but it turned out that it was also a stupid decision since the rest of the US forces in West Asia still remain and CENTCOM is still hemorrhaging money. For example over the past couple of days at least 5 of those bases were bombed into oblivion, that is tens of millions of dollars vaporized on daily basis.
Domestically the regime is messing up too, with constant money printing and banking system that keeps collapsing. When looking at the infrastructure in US, it is all decrepit and is falling apart too which requires massive investment to fix. From the trains that keep derailing to everything else that is falling apart!

China will be worse than the USA,

Exactly.
That should be the biggest concern of every country but unfortunately some are caught between a terrible choice (US) and a less terrible choice (China) so they choose China. In ten years from now we could see China do the same thing US is doing now.

I don't think the world really ready for a post-USA era

Maybe, but the world also has no other choice. They either have to accept massive inflation that they endure because of US constant money printing to dump dollar.

[1714547914]

1714547914

[disconnectme]

I don't think the world really ready for a post-USA era

Maybe, but the world also has no other choice. They either have to accept massive inflation that they endure because of US constant money printing to dump dollar.

Thanks for expatiating on the points I made, I just feel going back to the Gold back currencies is likely going to help resolve the issue of massive inflation caused by the constant printing of USD, there are still loopholes around this but it is better than the current system we are running, I don't think America will support this, since she has benefited most from the shift from Gold-backed currencies to Fiat and being the world power and the success of the Petrol dollar so far she won't go for it and another thing is that most of these BRICS countries have increased their Gold reserved significantly in the past years. For me, we are likely going to stick with the current status quo unless the power that be wants to empower China or any other countries to take power from the US which I doubt

[pooya87]

William Ruto, the president of Kenya gave an interesting speech recently. In his speech he pointed out that his country is going to stop using dollar to import fuel (basically an arrow at the heart of Petrodollar) and he also pointed out the deals with the oil producers (like Arabs) to stop using dollar. But that's not the interesting part of his speech.

The interesting part was that he somewhat approved a rumor that has been going around for some time. He literary warned his people to avoid dollar as it is about to dump hard in a couple of weeks. The rumor that this warning seems to approve is that "142 countries have came to an agreement behind the scene to dump dollar at the same time and refuse to accept it as payment". They even have a name for it: Operation Sandman.

The following weeks are going to be very interesting if this rumor is true.

[WatChe]

William Ruto, the president of Kenya gave an interesting speech recently. In his speech he pointed out that his country is going to stop using dollar to import fuel (basically an arrow at the heart of Petrodollar) and he also pointed out the deals with the oil producers (like Arabs) to stop using dollar. But that's not the interesting part of his speech.

The interesting part was that he somewhat approved a rumor that has been going around for some time. He literary warned his people to avoid dollar as it is about to dump hard in a couple of weeks. The rumor that this warning seems to approve is that "142 countries have came to an agreement behind the scene to dump dollar at the same time and refuse to accept it as payment". They even have a name for it: Operation Sandman.

The following weeks are going to be very interesting if this rumor is true.

There is a news on Bloomberg that KSA is now open to discussion on settling the trade in currencies other then USD. If OPEC countries successful in migrating to other currencies for settling oil trades then it will be a big set back to USD. Meanwhile there are other countries like Srilanka and Pakistan which are in dire need of USD for survival. Sri Lanka is successful in getting bailout package from IMF while IMF is reluctant in providing bailout package to Pakistan which is at the edge of default.

[Argoo]

After Russia's full-scale invasion of Ukraine, Finland and Sweden applied to join NATO, and on July 5, 2022, a protocol on their entry into the Alliance was already signed. Thus, Putin, wanting to move NATO away from Russia, brought it even closer to himself, having received 1,200 km on the borders with this alliance. Now everything is also moving towards the fact that as a result of the Russian-Ukrainian war, a new powerful geopolitical union may be formed on the territory of Europe.

It is predicted that this will be an equal and mutually beneficial geopolitical union of Poland and Ukraine, while maintaining sovereignties, which will be joined by weaker states (Moldova, the Baltic countries), and it will be under the geopolitical patronage of Great Britain.

It may be a more viable alliance than even the current NATO, one that can quickly take the most decisive action to protect the common territory. In this case, NATO will seem to Putin like a sweet memory from the past.

https://www.pravda.com.ua/rus/news/2022/06/15/7352542/

[Smartprofit]

After Russia's full-scale invasion of Ukraine, Finland and Sweden applied to join NATO, and on July 5, 2022, a protocol on their entry into the Alliance was already signed. Thus, Putin, wanting to move NATO away from Russia, brought it even closer to himself, having received 1,200 km on the borders with this alliance. Now everything is also moving towards the fact that as a result of the Russian-Ukrainian war, a new powerful geopolitical union may be formed on the territory of Europe.

It is predicted that this will be an equal and mutually beneficial geopolitical union of Poland and Ukraine, while maintaining sovereignties, which will be joined by weaker states (Moldova, the Baltic countries), and it will be under the geopolitical patronage of Great Britain.

It may be a more viable alliance than even the current NATO, one that can quickly take the most decisive action to protect the common territory. In this case, NATO will seem to Putin like a sweet memory from the past.

https://www.pravda.com.ua/rus/news/2022/06/15/7352542/

The Polish - Lithuanian Commonwealth is an ancient civilizational project, a state formation, a confederation, which in the 17th century included Poland, Lithuania, Ukraine and Belarus. 

At a certain stage, the Polish - Lithuanian Commonwealth even included Russia in its composition (this happened as a result of the Time of Troubles after the death of the Russian Tsar Boris Godunov). 

This civilizational project failed because this state was located between Russia and Germany (Austria).  The Polish - Lithuanian Commonwealth was subjected to three sections and repeatedly lost sovereignty.  The revival of the Polish - Lithuanian Commonwealth
 is not only a blow to Russia, but also a blow to Germany with its dream of a United Europe. 

In general, in my opinion, it is not very good that people are increasingly turning to the ideas of the 17th century.  It was a bloody time!  It was a time of destructive wars and disregard for laws. 

I would like to live in the 21st century, not in the 17th century (although I certainly do not deny the right of any sovereign states to enter into any unions).  But I don't want Europe to go back to the 17th century...

[loabiti33]

It's the new natural course of things, dollar will be replaced, and not even the all powerful Hollywood propaganda to make us think the US still have the crown wont work ,It's what Ray Dalio always said in his works, specially in The Changing World Order.

[RealMalatesta]

The Polish - Lithuanian Commonwealth is an ancient civilizational project, a state formation, a confederation, which in the 17th century included Poland, Lithuania, Ukraine and Belarus. 

At a certain stage, the Polish - Lithuanian Commonwealth even included Russia in its composition (this happened as a result of the Time of Troubles after the death of the Russian Tsar Boris Godunov). 

This civilizational project failed because this state was located between Russia and Germany (Austria).  The Polish - Lithuanian Commonwealth was subjected to three sections and repeatedly lost sovereignty.  The revival of the Polish - Lithuanian Commonwealth
 is not only a blow to Russia, but also a blow to Germany with its dream of a United Europe. 

In general, in my opinion, it is not very good that people are increasingly turning to the ideas of the 17th century.  It was a bloody time!  It was a time of destructive wars and disregard for laws. 

I would like to live in the 21st century, not in the 17th century (although I certainly do not deny the right of any sovereign states to enter into any unions).  But I don't want Europe to go back to the 17th century...

I think it is important to remember that every nation has a right to decide for itself, and neither west nor Russia should be getting involved with it. Ukraine was an example of that, the president they had wanted to join EU and said so himself and people voted for him and look at the result.

This is somehow the guilty part of Ukraine? Of course not, they wanted to join EU as a nation, and no other nation (Russia) should have a say in this. Same goes for Germanies understanding of united Europe, let the other nations decide whatever they want, if they want to do this, they shouldn't be stopped somehow and just let them decide whatever they want to do.

[Mario Yamasaki]

I think the biggest problem that is happening with the current economic system is capitalism, when capitalism gets stronger then the gap will be high, the poor will protest and feel they are not getting justice because financial access is closed for the poor, and when there are no poor people spending money then it becomes a problem for the rich, and in my opinion a lot of money is dumped because the state does not care about providing people's welfare.

[pooya87]

There is a news on Bloomberg that KSA is now open to discussion on settling the trade in currencies other then USD. If OPEC countries successful in migrating to other currencies for settling oil trades then it will be a big set back to USD.

That is already under way and funny thing is that US caused it
For example Iraq recently switched to using Yuan because US kept blocking their money after they sold their energy using dollar because they were demanding that US ends its illegal occupation of their country. Now they are using Yuan and their money is no longer blocked/stolen by US regime.

Meanwhile there are other countries like Srilanka and Pakistan which are in dire need of USD for survival. Sri Lanka is successful in getting bailout package from IMF while IMF is reluctant in providing bailout package to Pakistan which is at the edge of default.

One of the reasons why countries default is because of how US keeps exporting its inflation abroad and manipulates the interest rates to keep dollar strong. Suddenly we have countries that have had their national currency dumped against dollar (because of US exported inflation) that have to pay a lot more than what they'd borrowed.

Abandoning US dollar solves that too, when dollar crashes you'd pay 0.1 Rupee (or even less) for a dollar instead of 283

[slapper]

After Russia's full-scale invasion of Ukraine, Finland and Sweden applied to join NATO, and on July 5, 2022, a protocol on their entry into the Alliance was already signed. Thus, Putin, wanting to move NATO away from Russia, brought it even closer to himself, having received 1,200 km on the borders with this alliance. Now everything is also moving towards the fact that as a result of the Russian-Ukrainian war, a new powerful geopolitical union may be formed on the territory of Europe.

It is predicted that this will be an equal and mutually beneficial geopolitical union of Poland and Ukraine, while maintaining sovereignties, which will be joined by weaker states (Moldova, the Baltic countries), and it will be under the geopolitical patronage of Great Britain.

It may be a more viable alliance than even the current NATO, one that can quickly take the most decisive action to protect the common territory. In this case, NATO will seem to Putin like a sweet memory from the past.

https://www.pravda.com.ua/rus/news/2022/06/15/7352542/

The Polish - Lithuanian Commonwealth is an ancient civilizational project, a state formation, a confederation, which in the 17th century included Poland, Lithuania, Ukraine and Belarus.  

At a certain stage, the Polish - Lithuanian Commonwealth even included Russia in its composition (this happened as a result of the Time of Troubles after the death of the Russian Tsar Boris Godunov).  

This civilizational project failed because this state was located between Russia and Germany (Austria).  The Polish - Lithuanian Commonwealth was subjected to three sections and repeatedly lost sovereignty.  The revival of the Polish - Lithuanian Commonwealth
 is not only a blow to Russia, but also a blow to Germany with its dream of a United Europe.  

In general, in my opinion, it is not very good that people are increasingly turning to the ideas of the 17th century.  It was a bloody time!  It was a time of destructive wars and disregard for laws.  

I would like to live in the 21st century, not in the 17th century (although I certainly do not deny the right of any sovereign states to enter into any unions).  But I don't want Europe to go back to the 17th century...

The Polish-Lithuanian Commonwealth was good in theory but poor in practice. The Commonwealth collapsed under external pressure. 21st-century Commonwealth revival? No way! It's a fantasy that doesn't work in reality. The Commonwealth has served its purpose. But doesn't reviving the Commonwealth undermine Russia and Germany's goals for a single Europe? Saying that is foolish. We should change like Europe has since the 1700s. Despite its issues, the EU has brought unprecedented peace and security. Let's improve Europe's future instead of romanticizing a failed concept.

[WatChe]

That is already under way and funny thing is that US caused it
For example Iraq recently switched to using Yuan because US kept blocking their money after they sold their energy using dollar because they were demanding that US ends its illegal occupation of their country. Now they are using Yuan and their money is no longer blocked/stolen by US regime.

Iraq is trading Oil with China in Yuan and if this deals gets successful then there may be other counties start trading in currency other then USD. For decade USD has acted as a global currency for settling trades.

Abandoning US dollar solves that too, when dollar crashes you'd pay 0.1 Rupee (or even less) for a dollar instead of 283

We need USD to settle trades atleast for now. Right now LCs (Letters of Credit) are not opening in Pakistan because of acute shortage of USD. Pakistan is at the brink of default because of internal disputes between Army and most popular political party headed by Imran Khan. Atleast there is some miracle we are not expecting anything positive because of Army not willing to conduct elections in the country.

[bittraffic]

That is already under way and funny thing is that US caused it
For example Iraq recently switched to using Yuan because US kept blocking their money after they sold their energy using dollar because they were demanding that US ends its illegal occupation of their country. Now they are using Yuan and their money is no longer blocked/stolen by US regime.

Iraq is trading Oil with China in Yuan and if this deals gets successful then there may be other counties start trading in currency other then USD. For decade USD has acted as a global currency for settling trades.

Abandoning US dollar solves that too, when dollar crashes you'd pay 0.1 Rupee (or even less) for a dollar instead of 283

We need USD to settle trades atleast for now. Right now LCs (Letters of Credit) are not opening in Pakistan because of acute shortage of USD. Pakistan is at the brink of default because of internal disputes between Army and most popular political party headed by Imran Khan. Atleast there is some miracle we are not expecting anything positive because of Army not willing to conduct elections in the country.

When Russia was sanctioned, every world leader was thinking already whether it could also happen to them particularly the ones in the middle east.
The rise of the Yuan is inevitable already since China is already dominating and it seems all in the Middle East are also abandoning the USD. This is why Isreal is really going to be in big trouble, they should be making peace deals with the countries surrounding them or it will end in a disaster if war breaks in the region.

When one alliance loses in an economic war, it destroys itself. We can see now leaders in Europe are losing thier power like Macron. And probably Sunak soon.

[pooya87]

Another group of countries joined the "Dollar Dumping Party". These are about a dozen countries in South East Asia in an economic union called The Association of Southeast Asian Nations (ASEAN) that came to an agreement amongst themselves to dump dollar in all the trades that takes place in this union. That is 8.5% of the world population.
What makes this one interesting is the countries in this bloc such as Philippines and Vietnam and some others that are not known for doing anything "against US wishes"...

This is why Isreal is really going to be in big trouble, they should be making peace deals with the countries surrounding them or it will end in a disaster if war breaks in the region.

This terrorist organization is already falling apart from inside, there is nothing they can do to prevent that anymore. They never looked for peace either, just recently they had the audacity to claim Jordan is theirs and has to be taken.

[coupable]

I do not think that it is easy for Ukraine today to join NATO, or that NATO will accept it, or that Russia will allow it. America, which heads NATO, is fully benefiting from this war and achieving through it goals that it would not have succeeded in achieving if it wanted to enter into a direct confrontation with Russia. Ukraine is a country at war, and NATO will be forced to defend it if it accepts its accession, and this is what Russia will consider a declaration of war on it by NATO. This ignites the entire region, and this may be the beginning of the third world war that the world awaits in fear.

We are not talking about Ukraine joining NATO before the end of the war with Russia. In any case, the war will not drag on for a long time, it is not beneficial to anyone, including Russia itself, despite the Kremlin's assurances that they are capable of fighting for a long time. The hot phase of the war should end by summer or autumn.

You look very optimistic by the way
Russia is still insisting on achieving ambitions that no one knows its limits. While the entire region is preparing itself for a long-term war. The Baltic countries are considering options to join NATO and fear that Russia will invade Poland, in addition to the buildup of arms on the western side. Surely you have recently heard about Putin's intention to turn Belarus into a nuclear base in response to the weapons that Britain had supported Ukraine for a while.
All indications confirm that Russia will not stop the war, especially since it has formed a front for itself that includes countries hostile to America and the West, such as China and Iran.

[Ozero]

You look very optimistic by the way
Russia is still insisting on achieving ambitions that no one knows its limits. While the entire region is preparing itself for a long-term war. The Baltic countries are considering options to join NATO and fear that Russia will invade Poland, in addition to the buildup of arms on the western side. Surely you have recently heard about Putin's intention to turn Belarus into a nuclear base in response to the weapons that Britain had supported Ukraine for a while.
All indications confirm that Russia will not stop the war, especially since it has formed a front for itself that includes countries hostile to America and the West, such as China and Iran.

The outcome of the war that Russia started by attacking Ukraine will depend on the results of the spring offensive of the Armed Forces of Ukraine. It may well be that as a result of this offensive, Ukraine will liberate its southern territories, including the Crimean peninsula. Then big problems will begin in Russia and Putin's entourage will no longer be able to continue this war. A few days ago, Putin was given a report by the military and experts recommending that troops be withdrawn from Ukraine pending a full-scale invasion. And immediately, otherwise in ten days it may already be too late. Apparently, this refers to the expected offensive of the Ukrainian troops. Now Putin is pondering which option to choose - bad for Russia or very bad.

[siniminomorocomunisakito]

Another group of countries joined the "Dollar Dumping Party". These are about a dozen countries in South East Asia in an economic union called The Association of Southeast Asian Nations (ASEAN) that came to an agreement amongst themselves to dump dollar in all the trades that takes place in this union. That is 8.5% of the world population.
What makes this one interesting is the countries in this bloc such as Philippines and Vietnam and some others that are not known for doing anything "against US wishes"...

This is why Isreal is really going to be in big trouble, they should be making peace deals with the countries surrounding them or it will end in a disaster if war breaks in the region.

This terrorist organization is already falling apart from inside, there is nothing they can do to prevent that anymore. They never looked for peace either, just recently they had the audacity to claim Jordan is theirs and has to be taken.

Yes, noteworthy. The world's population has joined the "Dollar Waste Party". It remains to be seen how this decision will affect the global economy, but I think it signals a shift in the power dynamics of the economy. Meanwhile, statements about Israel and surrounding countries are complex issues that require a deeper understanding of the region's political, historical and cultural context to fully assess.

[DrBeer]

William Ruto, the president of Kenya gave an interesting speech recently. In his speech he pointed out that his country is going to stop using dollar to import fuel (basically an arrow at the heart of Petrodollar) and he also pointed out the deals with the oil producers (like Arabs) to stop using dollar. But that's not the interesting part of his speech.

The interesting part was that he somewhat approved a rumor that has been going around for some time. He literary warned his people to avoid dollar as it is about to dump hard in a couple of weeks. The rumor that this warning seems to approve is that "142 countries have came to an agreement behind the scene to dump dollar at the same time and refuse to accept it as payment". They even have a name for it: Operation Sandman.

The following weeks are going to be very interesting if this rumor is true.

What a stupid attempt to wishful thinking 

What happens in reality and not distorted reality?
This is about the fact that inside Kenya there is a very high demand for the DOLLAR, and VERY MANY people need it. And the state is not able to provide it, since a significant part of the dollars went to buy oil. They managed to transfer part of the purchase to local currencies in order to "leave more free DEMANDED dollars" for other sectors of the economy, where it is impossible to cope without the dollar. And the imbalance in the Keknia foreign exchange market is putting pressure on the local currency.

But this is not a REFUSAL from the dollar, this is an attempt to give it just to everyone who needs it critically


Reading the ORIGINAL:

NAIROBI, Kenya, Mar 22 – President William Ruto expects dollar demand in the country to ease as the government plans to import fuel in Kenya shillings.

Ruto’s remark comes after the cost of buying a dollar increased to as high as Sh145.5 per dollar as of yesterday.

Greenback demand in the country has been rising over the last few years due to high demand from importers.

However, dollar requests are expected to drop after the Kenyan government and its Saudi counterpart signed an import deal for fuel importation on credit.

Early this month, Energy Cabinet Secretary Davis Chirchir said that the oil import deal would see the state-run National Oil Corporation (NOCK) import 30 percent of the country’s monthly fuel requirement.

The above will be on credit for six months to a year, helping the government ease pressure on the dollar.

“And So I just want to assure those in Kenya who were facing challenges of access to dollars that we have taken steps to ensure that dollar availability in the next couple of weeks is going to be very different because our fuel companies will now be paying for fuels in Kenya shilling,” the President said during the listing of the Laptrust Imara I-REIT  at the Nairobi Securities Exchange today.

https://www.capitalfm.co.ke/business/2023/03/president-ruto-says-dollar-demand-will-ease-in-a-couple-of-weeks/


Once again I remind the "petty liars" - it's stupid to lie, the truth will always leak out, and you will look even more stupid!  

[WatChe]

This terrorist organization is already falling apart from inside, there is nothing they can do to prevent that anymore. They never looked for peace either, just recently they had the audacity to claim Jordan is theirs and has to be taken.

The story of Israel is different. They are living in a region which is full of countries that were hostile towards Israel (but not anymore). Israel has successfully neutralised all its enemies in the region through different techniques. Now there are bilateral ties of Israel with UAE and Oman with KSA lined up. The world is definitely changing and in few years we may see new blocks building up. This saying is very much valid that there are no permanent enemies nor friends.

[pooya87]

This terrorist organization is already falling apart from inside, there is nothing they can do to prevent that anymore. They never looked for peace either, just recently they had the audacity to claim Jordan is theirs and has to be taken.

The story of Israel is different. They are living in a region which is full of countries that were hostile towards Israel (but not anymore). Israel has successfully neutralised all its enemies in the region through different techniques. Now there are bilateral ties of Israel with UAE and Oman with KSA lined up. The world is definitely changing and in few years we may see new blocks building up. This saying is very much valid that there are no permanent enemies nor friends.

In West Asia nobody wants these radicals who are bombing innocent civilians on daily basis but some of the regimes were forced to accept its existence either because they were defeated in the war (eg. Egypt) or were ordered by United States to accept forced relationships (eg. Saudi regime). Such forced normalization attempts never changed the view of the population though which became too obvious during the World Cup in Qatar.
The regimes in West Asia are also slowly getting out of that forced position as US becomes weaker and is kicked out of the region. For example recently many of them including Saudi regime rejected flights from the occupied lands.