by Chris Black
You know that saying: first slowly, then suddenly.
Mind you, the British pound was king 100 years ago and not anymore, nothing is impossible.
The US dollar became the global currency because a bunch of countries signed an agreement to do so after WW2 ended.
JUST IN: 🇦🇷 Argentina to pay for imports in Chinese Yuan, ditching the US dollar.
— Watcher.Guru (@WatcherGuru) April 26, 2023
The US dollar is abandoned because the US broke the fundamental rule of trust by trying to use it as weapon against Russia. Thus, every country is disposing of dollar assets because any accounts where US hands can reach are compromised.
Dollar savings, obligations and debt were worthless for a long time already, the people holding them only do so since it’s impossible to get rid of them.
www.cnbc.com/2023/01/07/2022-was-the-worst-ever-year-for-us-bonds-how-to-position-for-2023.html
I can’t believe it’s coming full circle.Â
They killed Saddam and Gaddafi for trying to ditch the petrodollar and now it’s all falling brick by brick, those 2 must be dancing in their graves.
When the USD loses the world reserve currency status, what does that mean for us here at home?Â
America offloads its inflation to the rest of the world by printing money and sending it overseas.
 When people don’t want USD anymore, what happens?
Take a wild guess.