End Of Days For The U.S. Dollar Reserve Currency Status

The eastern hemisphere Eurasian geopolitical economic bloc of countries led by China and Russia have been systematically reducing their usage in the to settle bilateral trade activity:

“In the first quarter of 2020, trade between Russia and China in dollars fell below 50 percent for the first time to 46 percent, a significant decrease from 75 percent in 2018.”

It also happens to be the case that the eastern block of countries, spear-headed by the Shanghai Cooperative Organization, which includes some key Middle Eastern countries as well as India, have been the source of the demand for physical gold over the last 10 years that is required to be delivered from vaults in London and that has prevented the western Central Bank cartel from preventing the gold price from rising.

The U.S. dollar is backed by the “full faith and credit” of a Government that is technically insolvent other than its ability to print currency to fund the Treasury’s enormous and rapidly growing spending deficit – a deficit that will climb rapidly over the next 12 months

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

(Visited 5 times, 1 visits today)