The collapse of the dollar

[ハイイロギツネ]

Russia says "BRICS must be prepared for the collapse of the dollar."

Dedollarization is happening at a rapid rate around the world.

What are your predictions?

[FeverDream]

I wonder what would go up if dollar goes down

[DarkCrystalMethod]

Originally posted by FeverDream:

I wonder what would go up if dollar goes down

Monopoly money... from the actual board game.

[Pocahawtness]

No idea. But who on earth listens to Russia?

[DarkCrystalMethod]

Originally posted by Pirate☠️Pocah:

No idea. But who on earth listens to Russia?

China and N. Korea.

[secuda]

Brics will collaps first either with sanction or inner fighting.

[DarkCrystalMethod]

I heard Turkey is joining BRICS, so whats the neat trending new acronym for these bad countries going to be?

[ハイイロギツネ]

Originally posted by FeverDream:

I wonder what would go up if dollar goes down

Well, the big ones are gold and bitcoin.

[livinggg]

I predict road runner will continue to outrun wile e. coyote

[Professor]

Not a collapse just a transfer in value. From one form of value to another form of value, is the real change taking place. Value in paper & metals or value in raw data & algorithms are some of the challenges faced by the more traditional economic methods of today.

Centralised systems of value are changing under pressure from decentralised systems of value & will probably share prominence & importance with each other, as a truly new competitive form that rivals the old traditional ways. A collapse of one thing, easily translates to the rise of another & the form it takes will likely be very different to what we are historically use to.

The scepticism of BRICS today is not much different to the scepticism of the UN & the EU in their early days, in fact there is still much scepticism today surrounding aspects of these historical structures. However they are still there, surviving & slowly evolving to the ever changing sentiment of trade, equity & humanitarianism.

[aka]

Crypto will not benefit from economic instability... if you think it might, you're wrong, are u surprised ? ohh...

BTC is a ‘risk on’ asset, meaning in times of economic instability, more than enough investors would sell their Bitcoin, leading to a massive decrease in value ... and super crash with no protection, it's not a stock exchange.

The people that claim it would go up, are liars or ignorant... snake oil pushers, not math wizards.

BTC is somewhat popular in the USA, especially among white male university students and their grandmothers that love them.. And yea, many wealthy boomers from around the world exploit this fact, but it cannot ever progress beyond that point.

Why? Because it's not scalable... it can "never" be used for anything, ever! It never has and never will. Only con artists or ignorant people would think it has any future. Claims they are working on second layer protocols like the "Lightning Network" to improve scalability and transaction speed, are lies, and it makes anyone who respects math cringe. They could claim they are working on time travel, because that is the one thing that could make BTC scalable.

Above all things, buy land, nothing on earth holds more value in the future than an American or Canadian land deed. Gold is okay..it might even double in the next 10 years, but you have to protect it, there are dudes in minivans with drones scanning your house for gold and platinum.

Buying ETFs for gold or gold receipts is not a good idea in tough times. Those companies don't need to give you anything. What are you going to do, sue them? There aren't enough courtrooms to get a date 200 years from now.

Land is the only gold God made, and in an inflationary world, the yellow stuff is what you buy it with.

Boom!

*Drops the mic*



https://www.youtube.com/watch?v=s8eylqN0LD8

[ハイイロギツネ]

Originally posted by Villgarious:

If the dollar collapses all economies will collapse, all the world economies are tied together nowadays. The collapse would send shock waves through the entire world and all would suffer greatly. Nobody wins short term from this event and it is doubtful most governments would survive this event to benefit in any real way.

I would suggest stocking food, water and ammo just to have a leg up. I would also diversify my investments buying Crypto, precious metals (physical) and stocks from different countries.

In the end though food, water and ammo will be king.

Once you prepare then you really do not have much to worry about since you will have dealt with the only issues you can truly control.

BRICS already has a system ready to replace SWIFT.
Russia and China have developed their own financial messaging systems to reduce reliance on SWIFT and mitigate the impact of potential sanctions.

1. SPFS (System for Transfer of Financial Messages):
The SPFS was developed by the Central Bank of Russia in response to the threat of being disconnected from SWIFT due to sanctions.

2. China
CIPS (Cross-Border Interbank Payment System):
Launched in 2015, CIPS aims to support the internationalization of the Chinese yuan (RMB) and facilitate cross-border payments.
CIPS is directly connected to SWIFT for message transmission but also operates its own independent messaging system.
It integrates with China's domestic payment system and has seen growing adoption, especially within the Belt and Road Initiative framework.

[Delta]

Originally posted by FeverDream:

I wonder what would go up if dollar goes down

Bitcoin

[GunsForBucks]

If they remove the American dollar from the world marketplace then all that printed American money the corporations voted to throw around to everyone comes home to roost and will cause a hyper inflation reducing the value of the dollar to almost nothing.

We will then be forced to either accept a new system, probably implemented with implanted microchips to track you and grade your worth that you can use to buy things to live on if you obey them. The removal of cash is the last bit of freedom we have left.

So we accept slavery or decide to make a new currency to replace the dollar. Then we can probably apply to BRIC as well but then still have the corporations of China in charge going the same slavery route.

Maybe partner with Russia and break them away from China who is the current corporate favorite. If we pick freedom over slavery they would likely be our best friends. We just have to flush the corporate fascists who don't want to support the people they extort.

[Scorpion]

My prediction is that soon, some tragedy will befall america, outside economy. Their spy-drones flying over Crimea and ATACMS missiles operating in ukranian ground but calibrated by nato personnel, were directed at a heavily populated beach in the Russian Crimea, killing children and harmless, unarmed civilians, in a great number; with cluster munition, forbidden by international treaties, i might add.

"spreading democracy" in the wrong place, is so going to cost them a dear price, this time round. Crimea is not Yugoslavia.

[Xero_Daxter]

Good thing I invested in property and gold which never goes down in value.

Matter of fact I have a gold bar of 24 carrot 🥕 gold.