Malaysia is reviving a decades-old proposal to create an Asian Monetary Fund to reduce dependence on the U.S. dollar, with China being open to talks about the matter.
Malaysian Prime Minister Anwar Ibrahim proposed the fund last week, Bloomberg reported.
“When I had a meeting with President Xi Jinping, he immediately said, ‘I refer to Anwar’s proposal on the Asian Monetary Fund’, and he welcomed discussions,” Anwar, who also serves as the country’s finance minister, told the Malaysian parliament on Tuesday.
“There is no reason for Malaysia to continue depending on the dollar,” he added.
US dollar reserve currency status is dead. Grok that people, and all its implications. Quickly. It IS happening. Not stopable now.
End the dollar, kill the Globalist Empire.
Going to be hard on “We the People ” as the Dollar turns into toilet paper.
As even most “American Made ” products are from mostly Imported products. Assembled in America is often the only American part of that product.
I expect every thing to triple in price from how I read about the British lost World Currency status.
Likely that as the collapse progresses, you will see an initial price hike, then prices will begin increasing weekly, then daily, and as it fully crumbles, probably hourly until product is no longer affordable, after that the real fun starts, outright theft will give way to full scale looting, and then, chaos! Yeah, shit’s gonna be hard for all the people, but especially hard on the normies that have had their heads buried in CNN and sports. No preps no fun, no eat.
Indonesia and India have agreed to conduct their trade in rupees as well. Wonder if Malaysia will move toward BRICS or SCO?