COULD PUTIN & BRICS FORCE THE ABDICATION OF THE USD AS KING?
putin and brics
What if we faced a scenario in which Russia decided that ONLY GOLD, NOT US DOLLARS, would be accepted for Russian CRUDE? How will this play out exactly?
Though this might sound farfetched, it can’t be ruled out as a possibility, especially with the EU's latest $60 a barrel move.
If Russia were to move away from the US dollar as a reserve currency and accept gold as payment for its crude, it could have significant implications for the global financial system. The use of gold as a reserve currency has historically been associated with economic instability, and a shift in this direction could potentially lead to increased volatility in the market..
It is crucial for governments and central banks to carefully consider the potential consequences of such a move and to work together to maintain a stable and resilient global financial system.
The introduction of CBDCs could solve this problem, but it would significantly impact the global financial system. One potential benefit is that they could make it easier for people to access and use money, especially in countries with limited access to traditional banking services. This could enable more people to participate in the global economy and stimulate economic growth.
CBDCs could also make it easier for central banks to implement monetary policy and for governments to provide financial services to their citizens. For example, a central bank could use a CBDC to directly stimulate the economy by delivering digital money to households and businesses or to provide emergency financial assistance during times of crisis.
Additionally, CBDCs could help reduce commercial banks' dominance in the financial system, potentially increasing competition and improving the overall stability of the financial system.
The BIG RESET could happen, and this could be the Trigger