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31/08/22
09:56
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Originally posted by princey37:
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All I know it that the time of king dollar is over, it may still be around depending on how all this plays out but I think the rest of the world, i.e. excluding the west, being most of the human population, are sick and tired of how the US use the dollar. If the BRICS can get the Saudi kingdom then the US has zero leverage besides mutual assured destruction. And this ball is already rolling with Russia apparently providing protection for them after the US withdrawal shambles in Afghanistan. This means that the US loses the petro dollar, and without oil being priced in dollars the US doesn't have a stick. Whatever the next system looks like, it absolutely needs to build trust back in. And IMO that needs to be commodity based that floats in all currencies. Otherwise we just end up with the same corrupted system that we have now.
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Yes it is exciting seeing disharmony towards the current central banking system as we all know how corrupt and evil it is. Let us just hope it isn't the same people behind BRICs just playing musical chairs with us.