You forgot to mention Charles De Gaulle R.I.P.Recent history shows how the dollar is protected:
Dominique Strauss Kahn was proposing an IMF currency that is a bundle on international currencies (Yuan, Eur, Yen, CAD... + of course the USD) and was leading french polls for president
Qaddafi was proposing gold standard for any trade with Africa and started getting traction
Saddam Petrol for food
I think this is not taken lightly and i would not bet against the USA to be honest. All the trade war and uyghurs and spying is getting front pages now suddenly...
very conspiracy theory sounding...i noticed but who knows
‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiffwww.rt.com
‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff
22 Jul, 2020
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As the world grapples with Covid-19, precious metals’ prices are pushing higher. Massive moves in gold and silver are coming, according to veteran stockbroker Peter Schiff.
He says silver may hit $50 per ounce. The rally will be short-lived, however, with Schiff describing the metal as “the new bitcoin.”
The rise in gold and silver price is “about to explode” and this is just the beginning of a much bigger move, according to Schiff.
“We’re barely getting started,” the CEO of Euro Pacific said in his podcast. He explained that is also coinciding with what’s happening to the US dollar, because gold is the greenback’s “principle competitor” when it comes to reserve assets.
“The US dollar is about to collapse and when it does, gold is going to take its place. The bottom can drop out of the dollar any day, and gold could go through the roof any day. So, this is a real race and you have to get out of the dollar before it’s too late,” Schiff said.
The yellow metal “will resume its role at the center of the monetary system,” and “the world is going back to a gold standard whether the Federal Reserve wants it or not.”
And that could happen as soon as this year or the next, according to Schiff.
Frankly it is impossible to bypass US regardless of how many SWIFT alternatives one will create.
That is unless "Belgium, Denmark, Finland, the Netherlands, Norway, and Sweden " think that having access to Iranian Market is much more beneficial to them than having access to US Market.
It's not one or the other, they want to have a margin of independence, the fact that the US dictated on them the sanctions on Iran opened some eyes, and it's not like they're going to war with the US, they just want to have an alternative ready if things go wrong.
It's not 0 or 1 : the dollar dominates completely or is collapsing.
There are just changes happening that might make a difference in the long run.
US passport is not what it used to be. Many with dual citizenships who don’t live in the US are trying to give up their US passport to avoid paying unnecessary income taxes to the US if they have no reason to live or retire in the US. An EU passport is more valuable especially for those who are about to retire and want to live the rest of their life with dignity. In average, US retirees are among the most miserable in the world because they cannot keep up with inflation and the medical system for them is degrading.Can't believe the Bosnian, Romanian, and Emirati passports are now ranked higher than the US one.
Explore the interactive global ranking of the world's passports in real-time. Which passport is ranked 1st? Which is last? Find out on Passport Index!www.passportindex.org
According to the report, Safran wants to partner with German manufacturer ZF Friedrichshafen to develop a new drive which could be installed in a large military drone. However, it is currently unclear whether the European military’s bid to completely avoid US technology is a realistic one.One of the advantages of 100 percent European-made products is that these enterprises’ data remains in Europe and does not fall into the hands of non-European countries.
5 links from RT.com ...always makes me wonder if i am in a bubble if all my news comes from the same source ...any 1 source alone is a bad one read other opinions. The truth is almost always somewhere in between.
German & French arms producers want to reduce use of US technologies in military production – reportFrance and Germany want to cut their technological dependence on the US – a NATO ally – and rely more on their own products when it comes to manufacturing military equipment, according to German newspaper Welt am Sonntag.www.rt.com
German & French arms producers want to reduce use of US technologies in military production – report
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France and Germany want to cut their technological dependence on the US – a NATO ally – and rely more on their own products when it comes to manufacturing military equipment, according to German newspaper Welt am Sonntag.
Military producers in Germany and France are reportedly attempting to phase out US technologies in helicopter construction, making a new assault rifle for the German Armed Forces (Bundeswehr), as well as a new fighter jet developed under the Future Combat Air System (FCAS) program, led by the two nations’ planemakers.
The protection of sensitive data is one of the reasons behind the push to gain more independence from the US in military production, the German outlet reported. Moreover, the companies are concerned that Washington maintains control over any equipment using its technology under the International Traffic in Arms Regulations (ITAR), and can therefore block arms exports.
“Without ITAR and other US regulatory systems, Europe gets more freedom in who to supply with military products,” said Florent Chauvancy, sales director of the Helicopter Engines Department of French manufacturer Safran, as cited by the publication.
According to the report, Safran wants to partner with German manufacturer ZF Friedrichshafen to develop a new drive which could be installed in a large military drone. However, it is currently unclear whether the European military’s bid to completely avoid US technology is a realistic one.
The news comes shortly after the US announced the withdrawal of roughly 12,000 US troops from Germany, as US President Donald Trump repeatedly accused Europe – and Berlin in particular – of failing to pay its share of NATO's defense costs. At the same time, the president said he doesn’t want to “protect” Germany, as it pays “billions of dollars” for imports of energy from Russia.
The US has been vocally opposing closer cooperation between Russia and Germany on energy, including the construction of the Nord Stream 2 pipeline along the Baltic Sea, while trying to boost its liquefied natural gas (LNG) shipments to Europe. While last year Washington only managed to halt the project, it has recently stepped up pressure on investors and all European firms involved in it.
“It’s a clear warning to companies that aiding and abetting Russian malign influence projects will not be tolerated. Get out now or risk the consequences,” US Secretary of State Mike Pompeo said earlier this month, in a clear warning to the parties involved with the project.
RT is very trustworthy. As trustworthy as the Chinese Communist Party newsletters that another forum member was using to explain Covid did not originate in China.5 links from RT.com ...always makes me wonder if i am in a bubble if all my news comes from the same source ...any 1 source alone is a bad one read other opinions. The truth is almost always somewhere in between.