The following report is by The Trends Journal:
With more countries trading directly in their own currencies instead of converting to dollars as the world’s standard of value, the dollar is on the way out as the world’s leading currency, Russian president Vladimir Putin announced last week at the St. Petersburg International Economic Forum.
Also, the world’s central banks are reducing the proportion of dollars among their reserve currencies, he noted.
The share of settlements in the dollar is declining. The share of settlements in [China’s] yuan is growing. Oil producers in leading Arab countries are now saying that they are ready” to accept yuan in payment for oil.
If this trend gains momentum and other oil and gas exchanges appear where settlements are not made in dollars, then this is the beginning of the end for this currency.
Putin said
Russia had no choice but to dispense with the dollar after Western allies imposed sanctions following Russia’s attack on Ukraine, Putin said.
By pursuing short-term, opportunistic goals, they [the U.S.] undermine their own power in world finance. By using the dollar as a war tool, they raise doubts about the reliability of the American currency both as an instrument of payment in global trade and as a reserve asset.
Russia now settles 90 percent of its trade transactions with countries of the Eurasian Economic Union in rubles, Putin claimed, adding that 80 percent of trade between Russia and China is paid directly in rubles or yuan.
SEE: Chinese Yuan Replaces US Dollar As Most-Used Currency In China’s Foreign Trade
TREND FORECAST: As we have long forecast, much of the world is fed up with U.S. economic and geopolitical hegemony and the Death of the Dollar has begun.
AUTHOR COMMENTARY
And this death of the dollar will only further accelerate at this year’s BRICS summit in South Africa in August; especially when you have over two dozen or so nations also looking to link up with BRICS, plus France also dipping its toes in the pool at the moment, which could be the first G7 and European nation to flip sides.
SEE: France Seeks Invitation To Join BRICS Bloc, Possibly Becoming The First G7 Nation To Switch Sides
Russia has already made it known that they are on a quest to de-dollarize, which is what they have been doing since the U.S. toppled the Ukrainian government in 2014 with the infamous cout.
De-dollarization will not happen overnight, but the moves are rapidly occurring that will ensure that the dollar will eventually lose it world reserve currency status, and the dollar will become worth less than toilet paper.
He that oppresseth the poor to increase his riches, and he that giveth to the rich, shall surely come to want.
Proverbs 22:16
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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To all the brethren:
Buy whatever gold, silver, & precious stones you can get you hands on (I started to do that, thanks to Bryan Denlinger’s advice about gold and silver). The gold should be bought in grams & the silver be bought in terms of both ounces & grams.The reason why I say this is because some people believe that when the economy is finally allowed to collapse on itself, it is easier to barter with gold if the gold is in grams.
Purchase foreign currencies such as the Chinese Yuan, Euro (maybe), Russian Ruble, & Israeli Shekel, etc. You can purchase them through a bank or currency exchange firm. But be careful about the banks because of the recent bail ins. There are foreign currency etf’s, but use discernment.
17 Because thou sayest, I am rich, and increased with goods, and have need of nothing; and knowest not that thou art wretched, and miserable, and poor, and blind, and naked:
18 I counsel thee to buy of me gold tried in the fire, that thou mayest be rich; and white raiment, that thou mayest be clothed, and that the shame of thy nakedness do not appear; and anoint thine eyes with eyesalve, that thou mayest see. (Revelation 3:17-18)
I have a question, why specifically Chinese and Russian money?
I thought about buying some of those Chinese pandas because I know Russ/China will win, and I want to support the demolishment of America, but on the back of the Chinese Panda it said “Hall of Prayer for Good Harvests” – which I assume to be a Heathen symbol. Instead, I chose to get some American silver eagles because inscribed in it is “In God We Trust”.
The US dollar is dying. America is under GOD’s judgment right now and she is finished for. I also included other currencies as some suggestions. It not just limited to the Chinese yuan and the Russian ruble. Both the Chinese yuan & the Russian ruble are just examples of other currencies. You can still have US dollars so that you can pay the bills. Pay off whatever debt you have (if any) and stay as debt free as possible. You should buy whatever gold & silver that you k ow that you can afford. I suggest that you seek GOD. He will tell you everything.
Thank you brother – I appreciate the warnings
Down goes America!
America has earned this!
The past almost two centuries of pure raw evil, and now the chickens are coming home to roost.
I need to start repenting and make sure I’m right with God. I want to caught up and be called part of the Bride of Christ.
Reading this I understand why the attempted coup in Russia by Wagner Group leader that smells of Western backing. Now the once private army Wagner is under Putin’s control.