Dollar

Woes 

U.S. Dollar On “Pins and Needles” as World Begins Turning Away

Historic changes in the world economic system don’t happen overnight. In fact, they can take decades.

DYI:  Decades is exactly correct!  Think of England with the timing being our American Civil War [War of Northern Aggression].  If the union stayed intact any reasonable critical thinking citizen would know that Pound Sterling days would end as the world’s reserve currency.  This transfer of power wasn’t accomplished until the 1930’s.  After World War II America’s military and economic power was in full bloom.  Decades it will be before economic currency power is shared among multiple nations.  The demise of the almighty buck will be a slow grinding affair decade after decade until the ultimate collapse arrives. 

One of those changes has been taking place since May 2014 – namely, the weakening of the U.S. dollar’s hegemony as the global reserve currency.

Agora Financial put it plainly in a recent issue of their 5-Minute Forecast, stating, “You don’t have to buy into imminent ‘collapse’ to know the rest of the world wants to get out from under the dollar’s thumb.”

So the world is slowly turning away from the dollar, a sluggish process Agora calls “de-dollarization.” They claim this process has its origins in May 2014, “when Russian media described a ‘de-dollarization meeting’ among Russian and Chinese leaders.”

Since then, more countries have started taking part in the “de-dollarization” process, which has escalated thanks to economic sanctions the U.S. imposed in May 2018 to make sure the dollar “stays in power.”

The list of countries that want to dethrone the dollar includes, but isn’t limited to: “Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of the Congo, North Korea and […] also countries like China, Pakistan and Turkey, which are not under full sanctions but rather targets of other punitive economic measures.”

Individually, these countries wouldn’t stand a chance against the still-established dollar hegemony, 

but together they “equal America’s economic output,” according to Agora.

The European workaround being developed for these countries to bypass using the U.S. dollar in business transactions, while avoiding sanctions, is called INSTEX:

DYI