JUST IN: Yet Another Country Ditches U.S. Dollar

Yet another country has announced plans to move away from the U.S. dollar. …

On Tuesday, Egypt’s supply minister, Ali Moselhy, announced that the country is in talks to settle international transactions in local currencies with the other countries in the BRICS alliance.

BREAKING: Egypt announces it will be settling oil transactions in local currencies as part of the BRICS initiative.

The U.S. dollar is collapsing.

— WeLoveTrump (@WeLovePresTrump) June 13, 2023

This announcement adds more pressure to an already overprinted and fundamentally unsound global reserve currency—further eroding the role of the U.S. dollar in international trade.

Below is a list of the countries that have applied to join BRICS so far:

— Indonesia,
— Iran,
– Kazakhstan,
— Mexico,
— Nigeria,
— Nicaragua,
— UAE,
— Pakistan,
– Saudi Arabia,
— Senegal,
— Syria,
— Sudan,
— Thailand,
— Tunisia,
— Türkiye,
— Uruguay.

2/2

— Dagny Taggart (@DagnyTaggart963) May 22, 2023

Reuters provided this quote from Minister Ali Moselhy:

“Nothing of the sort has been implemented but there are discussions so that we can trade in local currencies of countries like India, Russia or China,” the minister told Reuters.

Moselhy said that similar discussions were also being held with Russia and China.

Wall Street Apes explains:

“The BRICS group is on the verge of potentially creating a currency backed by gold. They would effectively destroy the US FIAT dollar & potentially forever ruin the ability the US had to hit countries with sanctions. Long overdue. Saudi Arabia, Argentina, Indonesia and Egypt are considering joining in the alliance.”

The BRICS group is on the verge of potentially creating a currency backed by gold. ⁰⁰They would effectively destroy the US FIAT dollar & potentially forever ruin the ability the US had to hit countries with sanctions. Long overdue.⁰
Saudi Arabia, Argentina, Indonesia and Egypt… pic.twitter.com/I76lpEXQ2Y

— Wall Street Apes (@WallStreetApes) June 2, 2023

Ex-Goldman Sachs exec Lord Jim O’Neill Recently appeared on the Going Underground podcast to discuss the growing power of the BRICS alliance.

Bitcoin.Com reports:

Jim Rickards, an economist and the author of “Currency Wars,” has predicted the unveiling of a new BRICS currency, stating that it “could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.”

Emphasizing that “The process by which this will happen is unprecedented, and the world is unprepared for this geopolitical shock wave,” he noted that “The BRICS+ present a realistic effort to de-dollarize global payments and eventually global reserves.”

Turns out Trump was right again!

Remember when he said this?

TRUMP: “Our Currency Is Crashing And Will Soon No Longer Be The World Standard…”

President Trump said something VERY interesting in his historic speech last night.

Many very interesting things actually.

Historic speech.

But one thing really jumped out to me because we’ve been covering it here a lot.

And that is the crash of the U.S. Dollar.

Bo Polny was one of the very first people to ever talk about this, telling me on my show over 2 years ago that it would happen.

Back then people laughed.

Said Bo was crazy.

And now?

Now you have President Donald John Trump telling you point blank.

Wow.

Watch this:

Trump:
"Our currency is crashing and will soon no longer be the world standard…If you took the five worst Presidents in the history of the United States and added them up they would not have the amount of destruction Joe Biden has done…
These radical left lunatics want to… pic.twitter.com/X20GSBoF1c

— DailyNoah.com (@DailyNoahNews) April 5, 2023

More here:

As always, I never like to just leave you with a problem…

Leave you feeling helpless…

Nah, that’s not what we do here.

I like to give you solutions!

And on that note I have just one question for you:  “Got Gold?”

Got God’s money?

Might be wise.

Read this:

Gold Is About To Become “Unobtainium”?

In the history of the world, it usually hasn’t been a bad idea to secure some of your assets in “God’s money” a/k/a Gold.

And boy do I have a big update for you on that.

Here are two of the best, Steve Quayle and Greg Hunter.

I always love listening to these two chat, even though they got a little chippy at the end, with Quayle chipping back “Did you not just hear me?”

That’s ok, stress and tensions running high.

But there was a LOT in this one and I will try to summarize a couple main points.

First, Quayle points out that China has been absolutely DUMPING U.S. Treasuries in recent months, and then accelerating the sales this week.

According to Quayle, they dumped so much this week they sold them for 15 cents on the dollar just to get out.

As Bo Polny keeps warning us, a failure of the U.S. Dollar (USD) $ is coming and this is how you get a failure.

When the second largest holder of U.S. Treasuries rage quits the market and dumps them at fire sale.

Take a look at this:

China cuts US Treasury holdings to lowest level since global financial crisis. And the sales are accelerating.

At the same time China is increasing its gold reserves. #gold pic.twitter.com/5JwJSkfRJg

— Wall Street Silver (@WallStreetSilv) March 25, 2023

Ok, so to everyone who just tuned out when I started talking about Treasuries, let me explain to you why this matters.

DISCLAIMER: no, I am not a Financial Advisor and I’m definitely not YOUR Financial Advisor.  But I am a reporter and I report it like I see it.  Fair and honest.

Because the US Dollar is likely going down hard….

But that also means Gold is likely about to Moonshot.

Check this out:

Gold's new 8-Year Cycle looks to be confirmed now.

Leaving behind one hell of a sexy looking chart.

The narrative for a big bull market is certainly there. pic.twitter.com/PFv4TJ5KVS

— Bob Loukas 🗽 (@BobLoukas) March 25, 2023

I think you should get out of the banking system now. Shift your deposits into Gold, Silver or Crypto. You can't trust your Bank or the Govt. When the derivatives bubble pops no Govt will be able to print enough money to guarantee all deposits without causing hyperinflation.

— Kim Dotcom (@KimDotcom) March 25, 2023

The Hierarchy Of Money And The Case For $8,000 Gold https://t.co/52Ci27pQxZ

— zerohedge (@zerohedge) March 24, 2023

As for that last one, that would be going from $2,000/oz to $8,000/oz.

We call that a 4x move, or a 400% gain.

Wow.

You can watch the full interview here on Rumble:

If you already have gold, that’s great!

For everyone else….keep reading:

A Faith-Driven, Conservative Precious Metals Company You Can Use With Your IRA!

For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells. Now, we see why.

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the “elites” and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.

If you’ve been waiting for me to bring you a solution about what YOU can do to protect yourself and you’re family, I’m happy to introduce you to something I absolutely love!

Precious metals.

I just talked about precious metals this week with Bo Polny and now I’m bringing you a solution that you can utilize right away if you’re so inclined…

A faith-driven, conservative precious metals company is currently helping Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.

Unlike most companies offering similar services, Genesis deals only with physical precious metals. They do not offer “virtual” or “paper” gold or silver.

With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.

Central bankers aren’t slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it’s understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.

Visit genesiswlt.com or call 866-292-0443 today.

Don’t wait too long, we might have more bank failures right around the corner.

You know what has NEVER “failed”?

Gold.  Precious metals.  Indestructible.

There’s a reason they call it “God’s money”.

Watch this for more:

Stay safe!