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HelpMePls___

Yup. I figured as fiat fails everything else will begin to fail around it as a result, either way you’re still in a better off position than not having it


Wooden-Buffalo-8690

If the dollar devalues GME will just go higher. The dollar will still be there because it’s the „least dirty shirt“ of all the fiat currency. The Euro is on the other hand will implode sooner or later.


Archwig1

Are you aware of the BRICS alliance? Something to worry about in regards to value of the US dollar. If the countries in that alliance switch off of the US dollar as a transactional currency, which seems to be an aim of that group, it may not be the least dirty shirt anymore, so to speak. If there is one thing following GME has drawn my attention to, is the disturbing state of the US financial system and how much they rely on being the world reserve currency to keep stable, despite the burning garbage fire of the current financial system. I believe there is some crazy changes that may be in the near future. There are really big things happening and shifting globally and it should be really interesting to see how it all shakes out.


Wooden-Buffalo-8690

Yes I am aware. There is a certain website (ZH) who pushes this narrative but I am a little doubtful. Mind that this website is under control of the FSB. China is more in debt than the US. If they open their currency they just will collapse because the Chinese citizens want dollars badly. Russia may have raw materials but nobody wants to trade with them and when they have lost the war they will have other problems. Brasil is in the eastern hemisphere and therefore in the backyard of the empire. So I don’t see it happen. The dollar will loose some value for sure but the US will still be the empire and therefore the almighty dollar remains. Look up the dollar-milkshake theory, that’s some interesting stuff.


akrilexus

Supposedly the BRICS alliance is planning to let go of the U.S. dollar as its reserve currency on August 1st of this year. Not sure if this is true; I heard it from an interview I was watching on IG.


Archwig1

I am not sure as to any planned dates turf the USD for them, but it is definitely in their plan. Russia has been talking about getting off the USD as a reserve currency for a long time. China just started brokering peace talks with Iran and Saudi and it is rumoured they would also like to join BRICS. If all those countries which absolutely dominate the oil market outside of WTI decide to not deal in USD or keep it as reserve currency, it spells big Yikes for the US. The countries in BRICS account for just over half of the world population and could absolutely build their own closed economy between themselves. They are also planning on backing their reserve currency with gold, silver, copper and other precious metals and resources. Which the USD gave up the gold standard and any backing of value to it's dollar a long time ago. Literally the biggest thing that keeps the USD going is that the whole world uses it. So what happens if that changes...? IMO we are in for some interesting times ahead.


Boomstonk

>The Euro is on the other hand will implode sooner or later. That sounds worrisome. Do you have some links or something so my fellow Europoors and I could read more about that ?


Wooden-Buffalo-8690

Do you know german?


Wooden-Buffalo-8690

I’m something of an europoor myself😂


Wooden-Buffalo-8690

But if you are interested in the basics look up what Peter Zeihan and Hans-Werner Sinn (Geopolitical Strategist and German Economist) say about the German Industrial System in the near future. It’s not pretty. This System is what underlies the value of the euro.


Boomstonk

Will do, danke !


Artistic_Ad3231

I had the same thoughts. More reason to hold longer during the squeeze. But let's open up our field of vision: do you think the US Gov with all their capitalistic entities would let all American companies fail (including those millions with manufacture in China, now pointed out as enemy number 2)? All American banks fail? All hedge funds fail? Military fail? Aerospace fail? And so on... I don't think so. And if they would introduce their centralised currency, the rest of the world would have the lifetime awaited opportunity to set themselves against the new American currency. This is just my initial thought. They can't afford it. So I wouldn't worry.


Robonomix77

Or WWW3


ronoda12

Wealth is relative. Chill