Hardly a week goes by without a country announcing that it is distancing itself from the dollar. The question of his replacement will soon arise. Bitcoin is chomping at the bit.
Bitcoin, the safe bet
Bitcoin is a parallel monetary system that will soon be indispensable to hundreds of millions of people living in countries where national currencies are collapsing in hyperinflation.
So many countries where “remittances” generally represent a significant part of GDP, when international sanctions do not prohibit them.
Bitcoin is an impregnable defense against the vagaries of inflation, geopolitical upheavals and physical limits to growth.
Look at the Nigerians who have seen peak oil production accompanied by recurring inflation of between 10% and 20% per year. Look at the Ukrainians, sacrificed on the altar of geopolitics.
The virtues of Bitcoin are great on an individual scale, but also on a national scale. The whole world is seeing the realization that the dollar is no longer a store of value worthy of the name.
Huge debt and 40-year high inflation have made the dollar very unattractive. Washington tried to replicate the Iraq and Libya scenarios in Russia. But it’s a fiasco.
The share of the dollar in central bank reserves has fallen from 72% in 2002 to 58% today. It even represented 85% of the reserves at the end of the 1970s.
The wars of the empire no longer pass. Several countries weighing very heavily in the concert of nations are clearly benefiting from Moscow’s show of force to emancipate themselves from the dollar.
Double or quits
A defeat in Ukraine would see the United States lose influence. The empire would suddenly no longer be invincible. Hence the stubbornness of the puppet Zelensky who still claims to want to take back Crimea despite staggering sacrifices.
According to Scott Ritter, a former inspector for the United Nations special commission in Iraq, the Ukrainian armed forces have lost more than 330,000 men:
“Commander of the Ukrainian Armed Forces Valery Zaluzhny told Pentagon Joint Chiefs of Staff Mark Milley that 250,000 Ukrainian soldiers lost their lives. About 83,000 are missing. »
Faced with this butchery, the United States will not hesitate to serve Polish cannon fodder.
The Ukrainian president’s statements to his Polish counterpart Andrzej Duda last Wednesday strongly suggest that Poland will absorb Ukraine. The former clown has pledged that there will be no more “of borders in political, economic and – particularly important – in historical terms” between the two countries.
In an article published on April 8, the newspaper Rzeczpospolita advises Ukraine to join “the great and powerful Polish state” to better counter Russia:
“It would be deep cooperation between the countries of our region, especially Poland and Ukraine. The question of Kyiv’s membership in the EU and NATO would then be resolved by itself. »
Or how to provoke an open conflict between NATO and Russia…
“You are either with us or against us”
According to the magazine Fortune, the White House is preparing to close ranks among its vassals. Two emissaries from the US Treasury are soon expected in Asia as well as in Europe to demand the application of all sanctions against Russia.
Indeed, the Japanese ally recently decided to give up by buying Russian oil above the limit of 60 dollars per barrel. It was not counting India which became the first buyer of Russian oil. Not to mention Saudi Arabia driving up prices for the rest of the world.
The Saudi kingdom even recently welcomed a Russian warship for the first time in 10 years. And what about the reconciliation flash with Iran under the auspices of China. This diplomatic miracle is all the more interesting since Persia has been under embargo for decades by refusing to sell its oil in dollars.
Even JFK’s nephew and presidential candidate realizes this:
“The collapse of US influence over Saudi Arabia and the Kingdom’s new alliances with China and Iran are painful emblems of the dismal failure of the neocon strategy to maintain hegemony. of the United States through aggressive projections of military power. […] The war in Ukraine is the final collapse of the short-lived “American Century” of the neocons. […] They made the moral authority of the United States a laughing stock, pushed China and Russia into an invincible alliance and destroyed the dollar as an international reserve currency. […] »
Macron and the blue lotus
The French president let go during an interview with POLITICO on the plane home from his three-day state visit to China.
For Macron, Europe must reduce its dependence on the United States. We must avoid being drawn into a possible confrontation with China because of Taiwan. “The great risk” for Europe would be “to find itself drawn into crises that are not ours, which would prevent us from building our strategic autonomy”did he declare.
In other words, France seems to be distancing itself from the Taiwan issue. The President of the European Commission, also on the trip, affirms for her part that she blew the cold by telling Xi Jinping that “the threat of the use of force to change the status quo is unacceptable”.
Another shocking statement, the president believes that Europe must reduce its dependence on “the extraterritoriality of the American dollar”.
So many statements that are not to the taste of Marco Rubio. The powerful US senator castigated Emmanuel Macron’s attitude, asking if he was speaking for the whole of Europe:
Does France really intend to calm things down in Ukraine and join the global rebellion against the dollar? It wouldn’t be the first time the former Rothschild banker has told stories.
Be that as it may, dedollarization is underway. The Rubicon is crossed. The world will have to find a new reserve currency.
Gold? It is true that central banks are buying them like never before lately. But that’s forgetting too quickly that the Gold Standard was a disaster. Make way for Bitcoin, to avoid World War III.
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