Here is a look at the US dollar, China, CRICS, Gold and the global power rebalance.
Death of the US dollar
April 16 (King World News) – Gregory Mannarino, writing for the Trends Journal: This is certainly no secret; nations are actively sidestepping the U.S. dollar in international trade and financial agreements with more on the way. This is something that’s part of a larger global de-dollarization trend. This movement is gaining momentum as trust in U.S. fiscal policy and geopolitical influence continues to waver.
U.S. Economy & Global Power Balance
The Ripple Effect: This isn’t just political, it’s economic self-preservation. With rising debt levels, inflationary policies in the U.S., and weaponization of the dollar through sanctions, countries are building parallel systems, and they’re accelerating.
We are witnessing a rapidly accelerating dollar purchasing power decline, and this WILL get worse.
As of March 2025, the Consumer Price Index indicates that the dollar’s purchasing power has decreased by 2.2 percent compared to the previous year. BY THEIR OWN NUMBERS!
Just over just the past few weeks, the U.S. dollar has experienced an even faster decline, with the Dollar Index falling below 100 for the first time since July 2023.
The U.S. dollar’s purchasing power is declining RAPIDLY, with expectations of further erosion due to inflationary pressures and global economic uncertainties.
Here are the key players so far. (And More are coming).
BRICS Nations (Brazil, Russia, India, China, South Africa)
- Russia & China: Leading the charge. Most of their bilateral trade is now conducted in yuan and ruble, not dollars.
- India: Using rupees and other currencies in oil and defense deals, especially with Russia and Middle East partners.
- Brazil: Recently struck a deal with China to trade in their local currencies.
- South Africa: Has voiced support for reducing dollar dependency.
Iran: Already cut out of the SWIFT system, Iran has been using the Chinese yuan, Russian ruble, and barter systems to bypass dollar-based sanctions.
Turkey: President Erdoğan has advocated for reducing dollar reliance, and Turkey has conducted trade in local currencies with Iran, China, and Russia.
Saudi Arabia: The big one. While still tied to the petrodollar system, recent deals with China to sell oil in yuan and growing ties with BRICS suggest they’re positioning for a post-dollar world.
United Arab Emirates (UAE): Engaged in non-dollar bilateral trade agreements with India and China.
Argentina: Has started paying for Chinese imports in yuan, due to dollar shortages and pressure on their reserves.
Southeast Asia: Nations like Malaysia, Indonesia, and Thailand have discussed local currency settlements and reducing dollar reliance in regional trade.
Africa: Various African nations are negotiating BRICS-backed payment systems and seeking to bypass dollar-denominated debt burdens.
What To Do?
King World News note: Regardless of how the US dollar trades, all global fiat currencies backed by nothing. Continue to use weakness to add to accumulate physical silver because silver is the cheapest hard asset on the planet. Also, although they have recently rallied, mining stocks remain, as a whole, remarkably undervalued and should continue to play catch up as the public enters the gold and silver space. Eventually the gold, silver and mining share bull markets will culminate in a mania.
Prins Predicted Gold Price Explosion
To listen to Nomi Prins, who predicted the price of gold would surge well above $3,000, that the US dollar would see a mini-crash, and that global markets would be engulfed in chaos, discuss her latest dire warnings and predictions for global markets CLICK HERE OR ON THE IMAGE BELOW.
RELEASED!
To listen to Alasdair Macleod discuss the wild trading in gold, silver, and global markets CLICK HERE OR ON THE IMAGE BELOW.
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