A multi-polar world is bad news for the American Empire but great news for gold.
Since the 1970s it’s been virtually impossible for a country to function without access to US dollars. And Washington maintained this highly-favorable status quo by putting various kinds of pressure — from sanctions to election theft to outright invasion — on anyone who stepped out of line.
This weaponization of the world’s reserve currency has, not surprisingly, created resentment in a lot of foreign capitals. And after a long gestation period, that resentment is now erupting into a rebellion against dollar hegemony. Among the big recent events:
The BRICS coalition has become the hottest ticket in geopolitics. Brazil, Russia, India, China, and South Africa (the BRICS) have been toying with the idea of forming a political/monetary counterweight to U.S. dominance since 2001. But beyond some aggressive gold buying by Russia and China, there was more talk than action.
Then the floodgates opened. Whether due to the pandemic’s supply chain disruptions, heavy-handed sanctions imposed by US-led NATO during the Russia-Ukraine war, or just the fact that de-dollarization was an idea whose time had finally come, the BRICS alliance has suddenly become the hottest ticket in town. In just the past year, Argentina, Indonesia, Saudi Arabia, Iran, Mexico, Turkey, the United Arab Emirates (UAE), and Egypt have either applied to join or expressed an interest in doing so. And new bilateral trade deals that bypass the dollar are being discussed all over the place.
Combine the land mass, population, and natural resources of the BRICS countries with those of the potential new members and the result is more or less half the world. And now things are getting real:
China brokers a peace deal between Saudia Arabia and Iran, two bitter historical enemies who want to join the BRICS alliance but can’t if they’re in an undeclared war. Should they stop competing and start cooperating they could dominate the Middle East and raise China’s clout in the region, at the petrodollar’s expense.
two days ago, Saudi Arabia agreed to begin dealing in the Petro-Yuan, the age of American hegemony is finished and ‘merica will now find itself in an unenviable spot.
Take heart, Kal. Remember, diversity is our strength. So we’ve got that going for us, which is nice. Plus too, there’s a ton of GoSports! TM still on tv. And we have psychotropic drugs and plenty of fentanyl, so yeah, not so bad. Then there’s the F-35, almost forgot about that. And drive thru coffee places are so abundant you can’t swing a dead cat without hitting one. Yep, we’re right where we need to be.
plus.. the peasants don’t have F-15’s or nukes… so there’s that
I will believe it when I see it. Do not think for a minute that the demons, Orcs, and Orcettes at Mordor-On-The-Potomac have not gamed this situation back and forth for years. The dollar “collapse” will be an orchestrated switch to either a dual-currency system like the Chinese, or some other snake oil which the Sheeple, Normalcy Bias fools, cuckolded “conservatives” human remoras, and other useful idiots will swallow hook, line, and sinker. If Americans can line up in droves to have the Leviathan’s minions inject poison into their arms, and then watch while legions of their fellow citizens get sick and die from the jab; they will fall for anything. “No one ever went broke underestimating the intelligence of the American people ” -- H.L. Mencken. Life is a vale of tears. Bleib ubrig.
Interesting times, indeed. It’s in progress. No going back.