China and Russia have removed the US Dollar from their trade
China is rushing its trade agreement with Brazil
China, Russia, Brazil, India, and now South Africa are moving to trade more in their own currencies (not the US Dollar)
Saudi Arabia is moving to formalize trade with China and Russia
Singapore is moving to trade yuan
The trend here is obvious. The US Dollar’s reign as the world’s
reserve currency is ending. The process will take time to unfold. But
the Dollar will be finished as reserve currency within the next five
Yes, the days of the U.S. dollar being the primary reserve currency of the world are definitely numbered.
It will not happen overnight, but as the U.S. economy continues to get weaker
it is inevitable that the rest of the world will continue to question
why the U.S. dollar should automatically have such a dominant position
in international trade.
Over the next few years, keep a close eye on Saudi Arabia.
When Saudi Arabia announces a move away from the petrodollar system,
that will be a major trigger event for the global financial system and
it will be a really, really bad sign for the U.S. economy.
The level of prosperity that we are enjoying today would not be
possible without the petrodollar system. Once the petrodollar system
collapses, a lot of our underlying economic vulnerabilities will be
exposed and it will not be pretty.
Tough times are on the horizon. It is imperative that we all get informed and that we all get prepared.
If you are not familiar with the Petrol Dollar term, do some research and you will understand.