The Death of The American Petrodollar is Happening
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In a recent conversation between TV host Brannon Howse and attorney and financial expert Rebecca Walser, a compelling exploration of the BRICs banking system's expansion unfolded. This development, announced on January 20th, 2024, involves the inclusion of countries such as Iran, Egypt, Argentina, Ethiopia, Saudi Arabia, and the United Arab Emirates. The interview delved into the potential implications of this move, which some view as an economic challenge to the supremacy of the American dollar as the world's reserve currency.
A Paradigm Shift for the Petrodollar
Rebecca Walser shared her perspective on this significant shift in the international financial landscape. She noted that six nations are being added to the BRICs system, and this expansion is a crucial turning point that signifies the end of the Petrodollar era. Walser emphasized that the BRICs conference has centered around bilateral trade agreements, indicating a growing effort to transact without relying on the US dollar.
Of particular significance are Saudi Arabia and the United Arab Emirates, both substantial oil producers. With these additions, the BRICs bloc now comprises a staggering 46% of the global population and approximately 37% of the world's GDP. This surpasses the combined GDP of the G7 nations, a realization that underscores a growing shift away from the US dollar's dominance in international trade.
Walser explained that Saudi Arabia's participation in this transition is particularly noteworthy. As one of the world's leading oil producers, Saudi Arabia's decision to begin sales outside of the US dollar is a critical step toward the dollar's potential decline. Bilateral trade agreements among the BRICs nations, set to commence in January, contribute to the broader narrative of decreasing dollar reliance.
Implications for Currency, Precious Metals, and Markets
The discussion then turned to the potential ramifications for the American dollar, precious metals, and the stock market. While no predictions can be entirely conclusive, the interview participants agreed that these changes have the potential to reshape these economic elements.
Walser acknowledged that the exact outcomes are complex and interwoven with multiple factors, including global interconnectedness and technological advancements. The interview highlighted the unprecedented nature of this currency transition, emphasizing that the modern world's dynamics are distinct from past currency shifts. The rise of digital communication, intricate trade relationships, and initiatives like China's Belt and Road project have reshaped the landscape in which such transitions occur.
Social Security and Economic Sustainability
The conversation also delved into domestic financial concerns, with a focus on the challenges facing the Social Security system in the United States. Walser addressed the unsustainable nature of the current Social Security model, which was designed in a vastly different era. She highlighted recent analyses that indicate potential losses in Social Security distributions for future retirees. The urgency of addressing this issue was underscored, with Walser cautioning against complacency due to the distant timeline of predicted problems.
A Call to Financial Preparedness
The interview concluded with a call to action for individuals to take steps to protect their wealth legally and navigate the shifting financial landscape strategically. Walser echoed the sentiment of previous guests on the program, emphasizing the importance of staying informed, understanding the implications of global economic shifts, and preparing for potential scenarios.
As the conversation came to an end, it was evident that the BRICs banking system's expansion is a crucial moment in the ongoing transformation of the international financial order. The interview underscored the need for vigilance, adaptability, and proactive financial planning in a world marked by economic uncertainty and transformation.
Click here to watch this program now:
https://www.worldviewweekend.com/tv/video/rebecca-walser-end-here-american-dollar-and-now-what
This article is sponsored as a public service of the Worldview Weekend Foundation. Thank you for your contribution to www.wvwfoundation.com so we can continue to offer this FREE service.
You can also send your contribution to:
Worldview Weekend Foundation
P.O. Box 1690
Collierville, TN 38027
Click here and visit www.wvwtvstore.com to order emergency, freeze-dried food that will last 25 years and vital emergency supplies or call 901-468-9357.
For a free, no obligation packet of information on precious metals or putting gold into your IRA please text your name and address to Wes Peters of Swiss America or call him at 602-558-8585.
This article is sponsored as a public service of the Worldview Weekend Foundation. Thank you for your contribution to www.wvwfoundation.com so we can continue to offer this FREE service.
You can also send your contribution to:
Worldview Weekend Foundation
P.O. Box 1690
Collierville, TN 38027
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