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DOLLAR DEMISE: India and UAE complete first dollar-free oil sale in RUPEES

August 23, 2023 -

According to reports, Indian Oil Corp., India's top refinery, purchased one million barrels of oil from the Abu Dhabi National Oil Company using only rupees, delivering yet another incremental death blow to U.S. dollar dominance.

The oil sale is the first to occur ever since India and the UAE entered a Memorandum of Understanding (MoU) back in July establishing a Local Currency Settlement (LCS) system that can now be used by the Reserve Bank of India and the Central Bank ...

DOLLAR DEMISE: Shift from dollar-based financial world to CBDC-focused system is IMMINENT

12 days ago -

However, capital immobility hindered trade among countries. Since encouraging free trade was one of the initial goals of the system, it was undermined by capital immobility, leading to the collapse of the Bretton Woods system.

The Burning Platform's economic and political writer Brandon Smith recently warned: "Think of world reserve status as a 'deal with the devil.' You get the fame, fortune, trophy dates and a sweet car for a while. Then one day the devil comes to collect ...

Why the dollar is finished

July 23, 2023 -

(Article by Alasdair Macleod republished from ConservativePlaybook.com)

There is strong evidence that planning for this new trade settlement currency has been in the works for some time and has been properly considered. That being so, we are witnessing the initial step away from fiat to gold backed currencies. Without the burden of expensive welfare commitments, all the attendees in Johannesburg can back or tie their currency values to gold with less difficulty than our ...

DOLLAR EXODUS: Investors scooping up “safe haven” assets like gold and bonds as dollar devaluation accelerates

January 03, 2024 -

Panic buying for bonds is off the charts, as is the price of gold as investors gobble up whatever items of value that they believe will protect them from the financial Armageddon that is currently in motion.

Over the Channukah and Christmas holidays, the values of nearly every other asset class besides the U.S. dollar increased. The U.S. dollar, meanwhile, dumped in value as investors shed the increasingly worthless paper backed by nothing in favor of assets that are ...

Morgan Stanley DOWNGRADES U.S. dollar rating — bad times ahead?

January 09, 2024 -

(Article by Noah republished from WLTReport.com)

Always nice to be ahead of the curve, even ahead of a financial institution like Morgan Stanley.

We’ve been warning you the U.S. dollar is in a very bad spot…

We’ve been telling you about the oncoming BRICS nations….

Bo Polny and I just discussed it all again last week on my show….

Well, here’s the latest — Morgan Stanley has finally thrown in the towel.

They were one of the last holdouts ...

Global economic war – Where the dollar stands in the chaos

February 15, 2024 -

(Article by Brandon Smith republished from BirchGold.com)

It’s vital to understand what tensions with the East could cause.

It’s worth a watch:

Here are a few key quotes:I agree.

In fact, I don’t think the majority of Americans have a clue what the real consequences of a global war with Russia and its allies would look like.

Even if the conflict never resulted in shots fired and stayed confined to the realm of economic warfare, ...

This is a blueprint for how the dollar goes kaput

January 22, 2024 -

(Article by Simon Black republished from SovereignMan.com)

With no agreement on spending anywhere on the horizon for the current fiscal year, the US Congress passed yesterday a ‘Continuing Resolution’ to keep the government temporarily funded for another six weeks.

This is nothing new; in fact, Congress has passed more than 50 Continuing Resolutions just since 2010, primarily because they almost NEVER manage to figure out the budget prior to the start of the fiscal ...

The great dispossession part 3

9 days ago -

(Article republished from PaulCraigRoberts.org)

In Part 2, I explained the multi-year quiet regulatory changes that dispossessed us of our property.

In Part 3, I explain David Rogers Webb’s conclusion that a massive financial crisis is pending in which our financial assets are the collateral underwriting the derivative and financial bubble and will result in the loss of our assets but leave us with our debts as happened to those whose banks failed in the 1930s.

Webb ...

Peter Schiff says 2024 could be “horrible year for the dollar”

January 10, 2024 -

Schiff presented three big reasons why he believes inflation could rise even higher this year than last, one of them being that the private Federal Reserve banking cartel is surrendering to inflation in order to keep Joe Biden in the White House.

"I think that the Fed is going to be doing everything it can to try to reelect Biden or whoever may run if Biden does not," Schiff explained, noting that the Fed will continue its dovish inflationary policies at least through ...

DOLLAR DOOMSDAY: Global shift AWAY from euros and dollars is accelerating

October 05, 2023 -

According to data from SWIFT, the global messaging service for cash transactions, use of the euro has collapsed over the past nine months. Its share of transactions dropped from 38 percent in January to a measly 23.2 percent at the end of August – this is the lowest level recorded in at least 12 years.

It is now being acknowledged that Europe is more than likely already in a recession. And based on the old standards of calculating a recession, the U.S. is likewise in ...

BRICS and EAEU trade blocs are accelerating the demise of the dollar

February 16, 2024 -

Russian Prime Minister Mikhail Mishustin revealed that the share of national currencies in the mutual settlements for the countries making up the Eurasian Economic Union (EAEU) is now at 90 percent.

The group was formed by Russia, Belarus and Kazakhstan in 2015 before being joined by Kyrgyzstan and Armenia; Vietnam is a free trade partner. It aims to ensure that workers, goods, services and capital can move freely between the countries that are part of the block.

In ...

Iraq to DITCH U.S. dollar for oil trades, joining growing dedollarization trend

February 09, 2024 -

The committee released a statement chastising the U.S. government for making up excuses to sanction Iraq's banking system in order to obstruct the stability of Iraq's financial system at large.

"The U.S. Treasury still uses the pretext of money laundering to impose sanctions on Iraqi banks," the statement reads. "This requires a national stance to put an end to these arbitrary decisions."

"Imposing sanctions on Iraqi banks undermines and obstructs Central Bank ...

DE-DOLLARIZATION: Russia officially calls on BRICS nations to ditch U.S. dollar

December 26, 2023 -

At the meeting Siluanov met with Lan Fo'an, his Chinese counterpart, to discuss new ways to facilitate making trade payments in local currencies rather than the U.S. dollar as part of a long-term de-dollarization strategy that aims to unseat America from global trade dominance.

"We need to further develop financial cooperation within the BRICS countries," Siluanov added. "Here we see opportunities ... to develop a payments system that would be independent of the infrastructure, ...

NYC Comptroller Brad Lander exposes Mayor Eric Adams’ multimillion-dollar migrant shelter scandal

2 months ago -

A review conducted by Lander's office identified 340 contracts with an estimated total value of $5.7 billion, most of which were procured on an emergency basis to bypass competitive bidding requirements. The report also claims that exorbitant rates were paid to these companies, with one vendor charging $185.63 per hour for shelter supervisors, nearly triple the cost of a competitive bid contract. Security guards under a no-bid contract also receive $90 per hour, compared to $29....

French navy shooting million-dollar missiles at cheap Houthi drones in Red Sea

January 18, 2024 -

The latest reports show that France is spending millions per missile while the Houthis are spending only about $20,000 per missile, with some only costing a few thousand to build. How much longer will the West be able to keep up such spending?

Simply put, the Western war machine can theoretically spend an infinite amount of money since "money," as we currently know it, is a fiat-based Ponzi scheme backed by absolutely nothing. What this means is the West can simply print ...

It’s official: United Arab Emirates STOPS using the U.S. dollar for oil trades

December 04, 2023 -

According to reports, the U.A.E.'s decision to switch away from using U.S. dollars in the oil trade marks a broader pivot among the BRICS economic alliance to transition to the use of local currencies for oil transactions.

Along with Saudi Arabia, Egypt, Ethiopia, Iran and Argentina, the U.A.E. is now part of the original five BRICS nations: Brazil, Russia, India, China and South Africa. (Related: Saudi Arabia, UAE and Iran among six countries invited to join emerging ...

BRICS block discussing possible expansion as it seeks to “upend” the US dollar

August 22, 2023 -

The BRICS bloc of developing economies, formed in 2009, is currently meeting for its 15th summit in Johannesburg, South Africa, with the goal of the meeting being to discuss possible expansion and eventually replacing the U.S. dollar as the premier currency of international reserves and medium of exchange. (Related: END OF THE DOLLAR: South Africa says over 40 countries want to join BRICS.)

Even South African Ambassador to BRICS Anil Sooklal was recently quoted as saying: ...

RFK Jr. vows to back the U.S. DOLLAR with BITCOIN if elected president

July 25, 2023 -

He announced this plan during the July 19 Heal The Divide PAC event held last July 19. According to the presidential hopeful, backing the dollar with "hard currency" such as Bitcoin could help re-stabilize the U.S. economy.

"Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity," RFK Jr. said. "My plan would be to start very, ...

DEDOLLARIZATION IN MOTION: Egypt moves against U.S. dollar, seeks trade settlements with BRICS states

February 19, 2024 -

The decision to embrace national currencies is driven by the need to counteract rising costs associated with using foreign currencies due to global inflation.

Ragy El Etreby, Egypt's newly appointed ambassador to BRICS and assistant foreign minister for international and regional economic affairs, emphasized the importance of this strategic shift. This announcement is a significant step in the ongoing process of de-dollarization within the BRICS group.

The coalition, ...

Mario Innecco: RISING gold prices spell TROUBLE for the dollar and other fiat currencies

December 08, 2023 -

"Yes, it's a good thing for stackers when the prices of gold and silver go up in dollars," he told "Liberty and Finance" host Elijah K. Johnson on Dec. 5. "But the other way we need to look at it … is that the dollar is going down versus gold and silver in the long term."

Inneco cited Venezuela as an example of this. The South American country's fiat currency, the bolivar, became worthless when the gold trading faltered. "I think the same thing is [going to] happen ...