The BRICS alliance has revealed how it plans to destroy, no, more like obliterate the U.S. dollar so that is no longer used as the world’s reserve currency and it’s absolutely diabolical. BRICS is planning to weaponize oil and gas by bringing in big time oil producing nations such as Egypt, Iran, Ethiopia, and the United Arab Emirates as part of the organization.
They’ve also extended an invitation to the biggest oil producer in the world, Saudi Arabia. As of now, the country has not accepted as it continues to think through the various pros and cons of joining the bloc.
Here’s more on this developing situation from Watcher.Guru:
BRICS member Russia provided an update on how they believe the U.S. dollar’s global supremacy will come to an end. Russian President Vladimir Putin explained that if oil-producing countries in the Middle East stop accepting the U.S. dollar for oil, the USD will automatically fall into the path of decline.
🇷🇺 Russian President Putin says if oil producers in the Middle East stop using the US dollar, it will be the end of the dollar. pic.twitter.com/O51gHKWmkh
— BRICS News (@BRICSinfo) July 18, 2024
“If oil producers in the Middle East stop using the U.S. dollar, it will be the end of the dollar,” explained Putin. The U.S. dollar runs on a supply and demand mechanism, and if it loses demand, then its fall is imminent. The BRICS bloc is looking to target the U.S. dollar by using oil as a major weapon against the currency.
There are a lot of factors that have led to our country being in the situation it is now, however, the source of most of our economic woes has come from the decision to cut ties with the gold standard. Essentially, our currency is just funny money, the kind of stuff that comes out of a Monopoly box. We have nothing of actual value backing the worth of the currency we print like mad.
In other words, a five dollar bill is worth five dollars simply because we say that’s what it’s worth. Many moons ago, a five dollar bill was worth that in gold. When we said adios to the gold standard, inflation became a serious problem because the Federal Reserve had the authority to print money anytime they wanted. This “inflated” the money supply and led to a decrease in purchasing power.
Over time it’s made the dollar decrease in value all over the world.
And that’s where we are at now.
The reason our cost of living has skyrocketed is because of inflation. Our money has lost its buying power and thus it requires more of it to buy the things we need and prices go up.
And the value of the dollar will really hit the skids if it is no longer used as part of the world’s reserve currency. We need economic policies in place that will reduce inflation and help the dollar regain purchasing power so that prices will drop and we can all afford to live normal lives again.
Will that happen?
Who knows at this point.
Let’s hope Trump gets elected and is able to do something about the madness before its too late.
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