Tag: USD death spiral

Global De-Dollarization Accelerates – What’s Next?

From Peter Reagan at Birch Gold Group

Global De-Dollarization Accelerates -- Whats Next?

We’ve written before about how economic catastrophes often start gradually, then suddenly accelerate into utter chaos.

Now it’s time to apply that idea to a different topic: de-dollarization.

Mike Maloney surmises that the dollar will, at first, slowly be replaced by alternatives as the global reserve currency. Then, after alternatives build momentum (e.g. BRICS nation currencies), they could get adopted “suddenly.”

It’s an idea Maloney called “S-curve rejection”:

In his 1926 novel, The Sun Also Rises, writing on how one goes bankrupt, Ernest Hemingway famously wrote, “Gradually and then suddenly.”

This is the basis for Mike Maloney’s notion of ‘S-curve rejection’.

The S-curve is a widely used graph to depict the pace of various processes.

In terms of adoption, this would mean that the acceptance of something new starts very slowly, builds critical mass, then picks up speed suddenly until it has very high adoption and then begins to slow.

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Momentum

Guest Post by

An article at RT made me realize today – all the more- how out of touch with reality the “west” is. It talks about how Joe Biden warns Xi Jinping about economic consequences of China’s alliance with Russia. Thing is, that ship has long sailed. And Xi, even if he would have wanted to -there are no signs of that-, cannot turn it around, It has gained “momentum”.

And it’s “Joe Biden”s own doing. Xi and Putin would have happily continued using the USD in their international trade. But the sanctions made that impossible. And then it took off. From BRICS(+) to SCO to INSTC, various groups that had been formed, now found a reason to exist and flourish. And there’s nothing Xi can do to stop that process, even if he would want to. it’s bigger than him, and China. But even then, why would he?

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LIVING IN THE PAST MAN!

U.S. trying to extend and pretend their empire is not collapsing. The USD still holds sway over global trade, but for how much longer? Is this why they must go to war against China? Their global dominance is waning, and they know it.

“China’s trade with #BRI countries is now larger than China’s *combined* trade with US, EU and Japan. People in America and Europe are stuck in the past and cannot see the trend. Rise of Asia and the Global South will define this century.”

MARCH OF FOLLY: FALL OF AMERICAN EMPIRE

“Folly is a child of power.” ― Barbara W. Tuchman, The March of Folly: From Troy to Vietnam

The March Of Folly - Repeated?

“A phenomenon noticeable throughout history regardless of place or period is the pursuit by governments of policies contrary to their own interests. Mankind, it seems, makes a poorer performance of government than of almost any other human activity. In this sphere, wisdom, which may be defined as the exercise of judgment acting on experience, common sense, and available information, is less operative and more frustrated than it should be. Why do holders of high office so often act contrary to the way reason points and enlightened self-interest suggests? Why does intelligent mental process seem so often not to function?” ― Barbara W. Tuchman, The March of Folly: From Troy to Vietnam

The term “folly” is particularly apt at this stage in the decline of the great American empire. Folly is defined as: criminally or tragically foolish actions or conduct; an excessively costly or unprofitable undertaking. If ever a word captured the actions of American political leaders in the 21st Century and reflect the tragic downfall of an empire borne out of the ashes of the Second World War, it is the term “folly”.

For the last two decades I’ve been befuddled by the inane foolishness of our leaders, as they have driven the nation into a bottomless pit of debt at an astoundingly ridiculous pace, initiated military conflict across the globe, and in the last three years initiated anti-human policies guaranteed to destroy our economic system, depopulate the planet, increase human suffering, and turn the world into a techno-gulag where we will own nothing, eat bugs, and bow down to the commands of globalist overlords.

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Welcome To the Death Spiral

Guest Post by John Rubino

Death Spiral A-Comin' - The National Center

It took way longer than it should have

Gold bugs and other long-suffering critics of fiat currency and endless credit expansion have for decades been predicting that soaring debt would eventually blow up the financial world. As the story went, governments with unlimited printing presses would spend and borrow too much, forcing their central banks to keep interest rates unnaturally low to make interest costs manageable, which would encourage even more credit growth, causing inflation to spike, and so on, until everyone loses faith in fiat currencies and the misbegotten things fall to their intrinsic value of zero.

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