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

[Andrija Branislav]

The dedollarisation in East Asia is speeding up these days by countries that are very surprising to see joining the "dollar dumping bandwagon". Countries like South Korea which is known for its lack of independence considering how the government has been following each and every US orders.
In recent news the central banks of both South Korea and Indonesia agreed to replace dollar with their own national currencies in their bilateral transactions.

https://www.reuters.com/markets/currencies/south-korea-indonesia-cbanks-agree-promote-local-currency-transactions-2023-05-02/

I would argue that reducing the world's dependence on one country or currency can be considered a beneficial development. Such a shift has the potential to create a wealth of opportunities for countries beyond the reach of established powers, thereby reducing the restraints imposed by the dominant powers and it will pave the way for the empowerment of countries that have long been on the periphery, held back by the domination of the few as rebalancing of power and interdependence in the international arena can promote a more equitable global order. .

[1714746944]

1714746944

[pooya87]

One should not speculate that the devaluation of the US dollar will lead to a World War III or even a new world order.

The value of dollar is one of the main factors of the old world order. After all that is the main thing that made US the power in the unipolar world. That world order is already dead and the new world order established last year. At this point is is only solidifying with different countries competing to get bigger slice of the "cake of power".

As for WW, I said before that it is not necessarily an armed conflict. At least not in the traditional sense like the first two WW and at least not at first. It will be fought in different battlefield including economical, food and most importantly the proxy wars (eg. Russia vs Ukraine, China vs Taiwan, Iran vs Saudi+Taliban+Azerbaijan).

[Sayeds56]

The US dollar's reserve currency position does not guarantee it as a safe haven in times of economic uncertainty. This trend has been observed in recent years as central banks and other investors have increased their purchases of gold as a safe-haven asset. Thus, Russian-Chinese alternatives to the US-dominated financial system attempt to reduce dependence on the US dollar in bilateral trade and financial transactions between Russia and China, but there is still no complete solution. replace the US dollar at this point. The international financial system is complex and closely tied to the US dollar's role as a reserve currency. However, the US dollar cannot hold its position forever, and we should recognize that the economy is gradually moving to the east.

Indeed, US dollar reserve position doesn't guarantee that it is an absolute safe heaven during the uncertain economic conditions. This is the reason central banks all over the world are increasing their gold reserve to hedge their fiat currency reserves. Although Russia, China and many other countries are jointly making efforts to reduce their dependence on  US dollar dominated financial system by using alternatives, such as bilateral trade agreements, using national currencies for transactions. However, replacing the US dollar completely is a complex task barbecue it has deep integration within the international financial system.

[DrBeer]

....
If you are aware that the dollar is the most important source of US power as a result of the Brettenwood Agreement, you will know that reducing America's influence over the world must inevitably pass through reducing the power of the dollar, and this can only happen by reducing its use to minimal levels. America is using the dollar as a pressure card, and this is what increases the hostility of countries towards it.

Regarding the "resentment of Nixon", I'll tell you this - are any of the world's real strong countries providing their currency with REAL gold reserves?

None of the other currencies is adopted as the main currency for global trade, so that the prices of the most important products are determined on its basis. Any other country that prints currencies without a cover of gold bears the consequences of that on its local economy. Of course, the rest of the world is not obliged to use it. Comparison with the dollar is not permissible because the world is forced to use the dollar according to that damned Brettonwood agreement.
Nixon's resentment was the first explicit signal for the countries believing in USA to find alternatives.

Regarding the EU - I remember Europe when there was a German mark, a Spanish peseta, an Italian lira. But they didn't have a dollar Smiley The regional interconnection of countries, with the deep integration of economies, logically required the unification of the financial system. Yes, Europe had "complexes" about the U.S., but the main reason was absolutely pragmatic, not "to oppose the dollar".

The unification of the currencies of the European Union countries is part of a complete financial policy that is supposed to achieve several goals ; One of those goals is to mitigate America's power through the dollar. I am not saying that this is the only reason, but it is one of the most important reasons.

By the way, tell us about HOW RESOURCE-oriented economies strengthen their currencies? Don't you know that they benefit from a "weak" currency? I'll tell you more - a strong, expensive yuan will kill the economy faster than Xi is doing now ! About a strong ruble - well that's completely ridiculous

I share my thoughts according to what I see logically, according to the information and news I see. I'm not a finance expert so I give explanations on a certain level that may not be accurate enough.

And as practice shows - there is no real rejection of the dollar, for example India or China. There is an attempt by China to force some countries to replace the dollars in gold reserves with the Chinese yuan. But this is not to fight the dollar, this is - to save the economy of China!

As I have already explained, the goal of these countries is to reduce the use of the dollar, not to completely eliminate it. The most important example of this is China, which is the largest owner of US bonds at an imaginary value, and it is never in its interest for the dollar to collapse or its balances to be disrupted.

- "If you know that the dollar is the most important source of U.S. power as a result of the Brettenwood Agreement, you know that reducing America's influence on the world must inevitably come through reducing the power of the dollar, and that can only happen by reducing its use to a minimum. America uses the dollar as a pressure card, and that is what makes countries more hostile to it." - The dollar is an international currency, a consequence of the power of the U.S. itself, but not the other way around. And believe me - you will not be able to argue otherwise. It was the power and stability of the U.S. after World War II that ensured the stability of a single world currency. that's why the dollar was chosen.

- "The unification of the currencies of the European Union is part of a complete financial policy that must achieve several goals; one of those goals is to weaken America's power with the dollar. I am not saying that this is the only reason, but it is one of the most important reasons." - also a very controversial assertion. Germany and France were really hurt that the dollar was more powerful, as was the U.S. This is more a realization of "grievances" than a real confrontation. For the U.S., the eurozone's move from francs, marks, and liras to the euro has changed nothing. Nor can you argue against this. Sorry, but the fact is...

- "As I explained before, the goal of these countries is to reduce the use of the dollar, not to eliminate it altogether. The most important example of this is China, which is the largest holder of U.S. bonds at imaginary value, and it is never interested in seeing the dollar collapse or its balance sheets disturbed."
But you never gave any reasons or BENEFITS for this ? And can't, because there are none The fact is, no matter how "imaginary" it is, all other currencies are even worse and weaker. That's why "dedolarization" is not at all what you imagine. It is the populism of a certain group aimed at bailing out their economies, far from the effectiveness of the American one. At the same time they are not abandoning the dollar themselves, but forcing less intelligent countries to exchange it for their money. Examples abound - Sri Lanka, Russia,... The result is the same - countries lose the rest of their economies and become hostages, in this example, the yuan. And you will see this very soon, and you will be surprised what will actually happen

[coupable]

....
If you are aware that the dollar is the most important source of US power as a result of the Brettenwood Agreement, you will know that reducing America's influence over the world must inevitably pass through reducing the power of the dollar, and this can only happen by reducing its use to minimal levels. America is using the dollar as a pressure card, and this is what increases the hostility of countries towards it.

Regarding the "resentment of Nixon", I'll tell you this - are any of the world's real strong countries providing their currency with REAL gold reserves?

None of the other currencies is adopted as the main currency for global trade, so that the prices of the most important products are determined on its basis. Any other country that prints currencies without a cover of gold bears the consequences of that on its local economy. Of course, the rest of the world is not obliged to use it. Comparison with the dollar is not permissible because the world is forced to use the dollar according to that damned Brettonwood agreement.
Nixon's resentment was the first explicit signal for the countries believing in USA to find alternatives.

Regarding the EU - I remember Europe when there was a German mark, a Spanish peseta, an Italian lira. But they didn't have a dollar Smiley The regional interconnection of countries, with the deep integration of economies, logically required the unification of the financial system. Yes, Europe had "complexes" about the U.S., but the main reason was absolutely pragmatic, not "to oppose the dollar".

The unification of the currencies of the European Union countries is part of a complete financial policy that is supposed to achieve several goals ; One of those goals is to mitigate America's power through the dollar. I am not saying that this is the only reason, but it is one of the most important reasons.

By the way, tell us about HOW RESOURCE-oriented economies strengthen their currencies? Don't you know that they benefit from a "weak" currency? I'll tell you more - a strong, expensive yuan will kill the economy faster than Xi is doing now ! About a strong ruble - well that's completely ridiculous

I share my thoughts according to what I see logically, according to the information and news I see. I'm not a finance expert so I give explanations on a certain level that may not be accurate enough.

And as practice shows - there is no real rejection of the dollar, for example India or China. There is an attempt by China to force some countries to replace the dollars in gold reserves with the Chinese yuan. But this is not to fight the dollar, this is - to save the economy of China!

As I have already explained, the goal of these countries is to reduce the use of the dollar, not to completely eliminate it. The most important example of this is China, which is the largest owner of US bonds at an imaginary value, and it is never in its interest for the dollar to collapse or its balances to be disrupted.

- "If you know that the dollar is the most important source of U.S. power as a result of the Brettenwood Agreement, you know that reducing America's influence on the world must inevitably come through reducing the power of the dollar, and that can only happen by reducing its use to a minimum. America uses the dollar as a pressure card, and that is what makes countries more hostile to it." - The dollar is an international currency, a consequence of the power of the U.S. itself, but not the other way around. And believe me - you will not be able to argue otherwise. It was the power and stability of the U.S. after World War II that ensured the stability of a single world currency. that's why the dollar was chosen.

You are correct if time had stopped after the Brettonwood agreement. At that time, the dollar was the most reliable currency, and all countries emerged from the war collapsed, including the victorious countries, otherwise there would be no reason for them to agree to adopt the dollar. After that, the data changed with the passage of time, and America began to take advantage of the influence that the countries of the world gave it to be able to buy anything in the world as soon as it prints new dollars without any control, if those dollars had a cover of gold. The world awoke from its negligence after Nixon's statements that America did not have enough gold, but the world had no alternatives but to continue to trust America.
The facts today have changed, and many countries have become more courageous in making attempts to get rid of that power .

- "The unification of the currencies of the European Union is part of a complete financial policy that must achieve several goals; one of those goals is to weaken America's power with the dollar. I am not saying that this is the only reason, but it is one of the most important reasons." - also a very controversial assertion. Germany and France were really hurt that the dollar was more powerful, as was the U.S. This is more a realization of "grievances" than a real confrontation. For the U.S., the eurozone's move from francs, marks, and liras to the euro has changed nothing. Nor can you argue against this. Sorry, but the fact is...

- "As I explained before, the goal of these countries is to reduce the use of the dollar, not to eliminate it altogether. The most important example of this is China, which is the largest holder of U.S. bonds at imaginary value, and it is never interested in seeing the dollar collapse or its balance sheets disturbed."

I completely agree with you.
From a purely objective point of view, it is never possible to get rid of any of the major currencies, especially the dollar, which is adopted by most countries of the world in a volume that exceeds the use of the United States alone by far. I prefer correcting the information that the world aims to reduce the use of the dollar and not get rid of it completely .

[pooya87]

Speaking of dumping the dollar, when THE US colony threatens its "boss" with "economic pain", you have to realize that the old world order is dead and done with.

Yesterday the Washington Post published an article basically approving what we've been saying all this time about Saudi family in control of Arabia giving up on United States and recognizing the actual super powers in the region that have "whipped" the al-Saud into submission.
According to the article this threat by the Saudi dictator has already scared US regime enough to not act against them at all in the past 8 months ever since they threatened US despite their constant chest-pounding in the media.

https://www.washingtonpost.com/national-security/2023/06/08/saudi-arabia-cut-oil-production/

For those who are out of the loop, for decades US has been able to enforce the biggest scam of our lifetime called Petrodollar through the Saudi family. Lately the Saudis have also been "dumping the dollar", slowly but surely.

P.S. Another indication of the worsening relations between US and its cash-cow is the article itself. The fact that the Post and others have only been recently allowed to openly talk about the Saudi war crimes in Yemen and the murder of the Washington Post journalist by the Saudi dictator speaks volumes.

[naira]

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.

Recently the International Institute for Strategic Studies (IISS) was held where all countries gathered and discussed various matters related to each country's system of alignments and responding to how the world economy would change hands in the next 5-10 years, after the era of western imperialism, now China's existence must be acknowledged. It could be that we are already in the ring of World War III, like it or not, we just need to realize that an economic war is going on. Where is the source of each country's wealth at stake and what would happen if de-dollarization really started to eat away at its value. The workings of the world economic system will not be easily understood by us as spectators. World governments are still trying to show power and want to keep control of the dollar. But does it really last? when gold was still the reference value for currency exchange rates. This is proof that apart from the US trying to stand up like the Middle East, China with business in all ASIA countries, Russia is continuing to measure how far Ukraine has survived because I believe Ukraine is enjoying this war, what I mean here is that there is a massive flow of funds to support the war. continues, weapons, drugs, food, clothing and the US will continue to print dollars as the Ukrainian exchange rate uses them.

[DrBeer]

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.

Recently the International Institute for Strategic Studies (IISS) was held where all countries gathered and discussed various matters related to each country's system of alignments and responding to how the world economy would change hands in the next 5-10 years, after the era of western imperialism, now China's existence must be acknowledged. It could be that we are already in the ring of World War III, like it or not, we just need to realize that an economic war is going on. Where is the source of each country's wealth at stake and what would happen if de-dollarization really started to eat away at its value. The workings of the world economic system will not be easily understood by us as spectators. World governments are still trying to show power and want to keep control of the dollar. But does it really last? when gold was still the reference value for currency exchange rates. This is proof that apart from the US trying to stand up like the Middle East, China with business in all ASIA countries, Russia is continuing to measure how far Ukraine has survived because I believe Ukraine is enjoying this war, what I mean here is that there is a massive flow of funds to support the war. continues, weapons, drugs, food, clothing and the US will continue to print dollars as the Ukrainian exchange rate uses them.

In general, any event can be described by any ideas, fantasy would be enough
Regarding the financial and technical support of Ukraine, from the United States, they have other reasons.

For starters, real assistance to Ukraine began to come from the United States when it became clear that Russia, its army and "we will take all of Ukraine in a month" are fake. This is approximately by the summer-autumn of last 2022.
Prior to this, the United States supplied Ukraine with simple weapons that did not allow to really influence the course of the war that Russia unleashed in Ukraine.

The first who really began to help, and in a certain sense with restraint, is Britain. They explained their help very simply "in 1939, we were alone against Nazi Germany. Now Ukraine is in the same position, alone opposes rashist Russia, which attacked Ukraine."

Then, in many minds of Western politicians, a real understanding came of who and what they were dealing with, and that this was "not protecting the Russian-speaking population", this was an attempt to unleash a global war in Europe and destroy the way of life of its inhabitants.
And they realized that if they don’t help Ukraine now, war will come to their countries.

The only benefit for those who provide assistance is the launch of the military-industrial complex, at high speed, which gives a positive boost to the economy. For countries that did not produce but were ready to transfer their weapons, the benefit is to replace obsolete weapons with new models. But all this is a CONSEQUENCE of war, not its cause.

[Argoo]

Recently the International Institute for Strategic Studies (IISS) was held where all countries gathered and discussed various matters related to each country's system of alignments and responding to how the world economy would change hands in the next 5-10 years, after the era of western imperialism, now China's existence must be acknowledged. It could be that we are already in the ring of World War III, like it or not, we just need to realize that an economic war is going on. Where is the source of each country's wealth at stake and what would happen if de-dollarization really started to eat away at its value. The workings of the world economic system will not be easily understood by us as spectators. World governments are still trying to show power and want to keep control of the dollar. But does it really last? when gold was still the reference value for currency exchange rates. This is proof that apart from the US trying to stand up like the Middle East, China with business in all ASIA countries, Russia is continuing to measure how far Ukraine has survived because I believe Ukraine is enjoying this war, what I mean here is that there is a massive flow of funds to support the war. continues, weapons, drugs, food, clothing and the US will continue to print dollars as the Ukrainian exchange rate uses them.

You described the situation about the war in Ukraine in such a way, as if it is very beneficial for Ukraine that the Russians are now bombing and shelling the entire territory of Ukraine every day, destroying its settlements and all infrastructure to the ground, killing civilians every day. Probably, from your point of view, the recent largest terrorist act committed by Russia in Ukraine, the deliberate undermining of the Kakhovka hydroelectric power station and its dam, followed by flooding of more than 80 settlements of Ukraine, which jeopardizes agriculture in southern Ukraine, should also be attributed to the positive aspects . Very strange logic.

[pooya87]

Regarding the financial and technical support of Ukraine, from the United States, they have other reasons.

Finally you said something correctly.
That's the Nixon Doctrine that essentially boils down to a simple thing. United States will arm any group, organization, militia, country, etc. for free but only as long as those arms are used to fulfill US interests. That is the start of the US proxy war policy materializing in the midst of Vietnam war where US military was getting its ass kicked and the public opinion in US was growing increasingly against a war where US troops die in. So this doctrine started so that "others" die instead of US troops...

[Kadal Ijo]

Economic wars have become a trend for the past few years, many countries have united to form special economic zones in the hope of protecting them from competition with countries in other regions, and when there is tension between countries, it is certain that it will have a global impact, especially when large countries are involved. such as China, Europe and so on.

[Ozero]

Regarding the financial and technical support of Ukraine, from the United States, they have other reasons.

Finally you said something correctly.
That's the Nixon Doctrine that essentially boils down to a simple thing. United States will arm any group, organization, militia, country, etc. for free but only as long as those arms are used to fulfill US interests. That is the start of the US proxy war policy materializing in the midst of Vietnam war where US military was getting its ass kicked and the public opinion in US was growing increasingly against a war where US troops die in. So this doctrine started so that "others" die instead of US troops...

Well, what you said about the support of the United States in defending its freedom and territorial integrity by Ukraine fully coincides with the interests of Ukraine itself. It should be noted that the government of Ukraine has never asked the United States or other states to provide assistance with its troops, although it does not refuse volunteers from these countries. The United States and its NATO allies really defend their interests, helping Ukraine with weapons, providing financial and humanitarian assistance. After all, Ukraine was subjected to direct military aggression by a much more powerful enemy and the weakening of Russia by the hands of Ukrainians in the interests of NATO.

Now the Armed Forces of Ukraine are demonstrating the ability to defeat Russia with the appropriate support of NATO countries and other civilized states that strongly oppose aggressive wars in the 21st century.

[Argoo]

Economic wars have become a trend for the past few years, many countries have united to form special economic zones in the hope of protecting them from competition with countries in other regions, and when there is tension between countries, it is certain that it will have a global impact, especially when large countries are involved. such as China, Europe and so on.

Economic rivalry between large states and even their blocs and alliances has always been, is and will always be .. It is important that it does not turn into hot wars. But, unfortunately, throughout the existence of mankind, wars have been inevitable companions of our society. From time to time, such maniacs as Putin in Russia appear in the world, who recognize only force and cruelty against other states and there is simply no other way to suppress this aggressive force as a response force. If this continues further, our civilization will have the same result as the disappeared previous civilizations on our planet. Humanity has not yet learned anything.

[DrBeer]

Regarding the financial and technical support of Ukraine, from the United States, they have other reasons.

Finally you said something correctly.
That's the Nixon Doctrine that essentially boils down to a simple thing. United States will arm any group, organization, militia, country, etc. for free but only as long as those arms are used to fulfill US interests. That is the start of the US proxy war policy materializing in the midst of Vietnam war where US military was getting its ass kicked and the public opinion in US was growing increasingly against a war where US troops die in. So this doctrine started so that "others" die instead of US troops...

More about reptiloids, the Rothschild conspiracy, and other fables for the mentally damaged
I take it that in your concept the USA and Land-Lease, for the same reason they helped the USSR ?

Okay, I won't bore you with complicated questions, I'll answer briefly and to the point:
The US, UK and other adequate countries, provide financial and technical assistance for the purpose of:
- To fulfill agreements to recognize the inviolability and integrity of Ukraine's borders.
- To stop, in fact, World War 3, unleashed by a terrorist country against the entire adequate world.
- To help destroy the new "brown plague" - RASHIM. As they helped Europe and the USSR to defeat the brown plague of Nazi Germany.

And don't make up any fairy tales. The world is simply getting rid of the Earth's cancerous tumor - RASHISM and its metastases in the form of terrorist helper regimes, and cloaks like the PMR, LNR, DNR ... !

[chrisculanag]

Economic wars have become a trend for the past few years, many countries have united to form special economic zones in the hope of protecting them from competition with countries in other regions, and when there is tension between countries, it is certain that it will have a global impact, especially when large countries are involved. such as China, Europe and so on.

Economic rivalry between large states and even their blocs and alliances has always been, is and will always be .. It is important that it does not turn into hot wars. But, unfortunately, throughout the existence of mankind, wars have been inevitable companions of our society. From time to time, such maniacs as Putin in Russia appear in the world, who recognize only force and cruelty against other states and there is simply no other way to suppress this aggressive force as a response force. If this continues further, our civilization will have the same result as the disappeared previous civilizations on our planet. Humanity has not yet learned anything.

There are powerful countries that only want their laws to be followed for their own sake, which is causing chaos, while other countries that have the intention of antagonizing the two countries are trying to release news that has no truth. I hope those leaders will also think about other countries when they have a compromise, the world will definitely be fine, but if it's just greed, it will only lead to war and maybe even lead to the destruction of our world we live in. I hope that they will also be enlightened and our world will be at peace.

[Ozero]

One should not speculate that the devaluation of the US dollar will lead to a World War III or even a new world order.

The value of dollar is one of the main factors of the old world order. After all that is the main thing that made US the power in the unipolar world. That world order is already dead and the new world order established last year. At this point is is only solidifying with different countries competing to get bigger slice of the "cake of power".

As for WW, I said before that it is not necessarily an armed conflict. At least not in the traditional sense like the first two WW and at least not at first. It will be fought in different battlefield including economical, food and most importantly the proxy wars (eg. Russia vs Ukraine, China vs Taiwan, Iran vs Saudi+Taliban+Azerbaijan).

Of course, wars between states can be different, but still, humanity has always satisfied its selfish interests with the help of weapons and direct military aggression. The first phase of the war unleashed by Russia against Ukraine in 2014-2021 is commonly called a hybrid one. But it differs from the usual one practically in that the Kremlin brazenly lied in the international arena that it had nothing to do with the war and denied the obvious facts of its aggression. Russia's direct military invasion of Ukraine in February 2022 put everything in its place. Hidden, hybrid wars either stop after some time or develop into open war, as in this case.

[DrBeer]

...
You are correct if time had stopped after the Brettonwood agreement. At that time, the dollar was the most reliable currency, and all countries emerged from the war collapsed, including the victorious countries, otherwise there would be no reason for them to agree to adopt the dollar. After that, the data changed with the passage of time, and America began to take advantage of the influence that the countries of the world gave it to be able to buy anything in the world as soon as it prints new dollars without any control, if those dollars had a cover of gold. The world awoke from its negligence after Nixon's statements that America did not have enough gold, but the world had no alternatives but to continue to trust America.
The facts today have changed, and many countries have become more courageous in making attempts to get rid of that power .

I'm going to ask a couple of very SIMPLE questions:
1. Tell me - what currency, after the "weakening of the US" (also a dubious fact by the way ), can now replace it, if not completely, then at least PARTLY for the WORLD economy and the WORLD market ? Only a specific name, and arguments proving the "strength" of this currency.
I'll warn you right away - don't talk about yuan "Yuan to replace the dollar" is Beijing's mantra to save China's falling economy. And against the backdrop of impending NEW problems. Just read: https://bitcointalk.org/index.php?topic=5454843.0

2. About gold. Yes, Nixon clearly said - that the reserves do not match the fiat mass. BUT - can you name a country, and the real gold reserve in the structure of its gold reserves, and such a reserve that can be verified? So-called "Large and stable economies" like China, Russia and other similar economies only DECLARE reserves, but the real figures are, WHY, classified ! Can you tell me why?

[Vishnu.Reang]

Many countries are dumping the US dollar as a reserve currency. The biggest example is Russia start selling its energy for their own currency effectively replacing US dollar as international medium of exchange. To avoid Western sanctions, Russia has shifted its foreign trade transactions away from the dollar and euro to currencies of non-restricted countries. To prevent from inflation some countries start taking prevention and start buying gold. It is a natural hedge against inflation.

[fruktik]

The US dollar's reserve currency position does not guarantee it as a safe haven in times of economic uncertainty. This trend has been observed in recent years as central banks and other investors have increased their purchases of gold as a safe-haven asset. Thus, Russian-Chinese alternatives to the US-dominated financial system attempt to reduce dependence on the US dollar in bilateral trade and financial transactions between Russia and China, but there is still no complete solution. replace the US dollar at this point. The international financial system is complex and closely tied to the US dollar's role as a reserve currency. However, the US dollar cannot hold its position forever, and we should recognize that the economy is gradually moving to the east.

Indeed, US dollar reserve position doesn't guarantee that it is an absolute safe heaven during the uncertain economic conditions. This is the reason central banks all over the world are increasing their gold reserve to hedge their fiat currency reserves. Although Russia, China and many other countries are jointly making efforts to reduce their dependence on  US dollar dominated financial system by using alternatives, such as bilateral trade agreements, using national currencies for transactions. However, replacing the US dollar completely is a complex task barbecue it has deep integration within the international financial system.

         I can’t speak for all countries, but I’ll write about the one in which I live. For more than 100 years, there has been total propaganda by all means of broadcasting that the dollar is not backed by anything and that this is just a green piece of paper that should be abandoned. But for some reason this hasn't happened yet. There were many attempts, but things are still there. The main reason is the incompetence of the leadership class. Solid bravado and nothing more.
       Maybe it's time for them to reconsider their approach to
this question? Leave everything as it is at the moment and not deal with those things in which they do not understand anything? On the contrary, is it required not to isolate oneself from those countries that impose their own rules of the game, but to find a compromise or even an alliance? But no! Lust for power and theft do their job. I'm sure nothing will change like that. You correctly said that integration into the world system is too strong and this fact must be taken for granted. It would be better if these elites turned their attention towards cryptocurrencies.

[DrBeer]

The US dollar's reserve currency position does not guarantee it as a safe haven in times of economic uncertainty. This trend has been observed in recent years as central banks and other investors have increased their purchases of gold as a safe-haven asset. Thus, Russian-Chinese alternatives to the US-dominated financial system attempt to reduce dependence on the US dollar in bilateral trade and financial transactions between Russia and China, but there is still no complete solution. replace the US dollar at this point. The international financial system is complex and closely tied to the US dollar's role as a reserve currency. However, the US dollar cannot hold its position forever, and we should recognize that the economy is gradually moving to the east.

Indeed, US dollar reserve position doesn't guarantee that it is an absolute safe heaven during the uncertain economic conditions. This is the reason central banks all over the world are increasing their gold reserve to hedge their fiat currency reserves. Although Russia, China and many other countries are jointly making efforts to reduce their dependence on  US dollar dominated financial system by using alternatives, such as bilateral trade agreements, using national currencies for transactions. However, replacing the US dollar completely is a complex task barbecue it has deep integration within the international financial system.

         I can’t speak for all countries, but I’ll write about the one in which I live. For more than 100 years, there has been total propaganda by all means of broadcasting that the dollar is not backed by anything and that this is just a green piece of paper that should be abandoned. But for some reason this hasn't happened yet. There were many attempts, but things are still there. The main reason is the incompetence of the leadership class. Solid bravado and nothing more.
       Maybe it's time for them to reconsider their approach to
this question? Leave everything as it is at the moment and not deal with those things in which they do not understand anything? On the contrary, is it required not to isolate oneself from those countries that impose their own rules of the game, but to find a compromise or even an alliance? But no! Lust for power and theft do their job. I'm sure nothing will change like that. You correctly said that integration into the world system is too strong and this fact must be taken for granted. It would be better if these elites turned their attention towards cryptocurrencies.

No offense - but this kind of rhetoric, is the first and key principle of totalitarian-idiotic power. I saw it personally in the USSR. I saw it personally in Cuba. I see it in modern Russia, North Korea, and a couple of other countries that definitely fall under the "pariah" status.
It's not surprising, there's nothing else for such rulers to do. If the government is thieves, then to hide their problems in front of the population of the country - it is necessary:
1. an EXTERNAL enemy.
2. to make it clear that everyone who does not support the internal government is 100% enemy and traitor to the people of this country. Many other "statuses" can be imposed as well
3. It is obligatory to say that the Leader (the leader in such a situation is also critically important) is fighting the universal problem, and it is necessary to wait a little. At the same time, he will give orders, issue orders, write laws that "tomorrow the entire population will be happy and rich". But we have to wait
4. it is obligatory to write about great achievements, victories, and envy of the whole world in relation to this country.
5. It is very important to systematically beat into the brain that it is bad to live rich. And the fact that the Leader and his assistants bathe in wealth while the main population is in poverty - "it is so necessary, they work for all of you" !
6. And most importantly, stupid propaganda designed for completely brainless consumers! It means to say today that the ball is round, cost - square, after tomorrow - green, and anyone who asks a question about "past versions" - immediately accuse on point 2 - the enemy !:)
7. And the economic moment. To explain to the population that :
- they do not need dollars
- dollars are not secured by anything
- dollars are the main evil.
At the same time, all those in power accumulate dollars and keep them in the banks of the "decaying west". But those who talk about it are enemies !