“Global De-Dollarization: Navigating Economic Chaos and Change
'De-Dollarization' is a term that basically means moving away from using the U.S. dollar for international trade and instead, using other currencies. In simpler terms, these countries are planning to use less U.S. dollars and more local currencies for their trading activities. This move will positively influence how the value of gold and silver changes internationally.
“Global De-Dollarization: Navigating Economic Chaos and Change” Starting from January 1, 2024, countries like Saudi Arabia, Argentina, Egypt, Ethiopia, Iran, and the United Arab Emirates will become fully-fledged members of BRICS. Their joining will importantly impact the gold and silver markets, as part of a broader shift known as 'dedollarization'. Let's unpack this: 'De-Dollarization' is a term that basically means moving away from using the U.S. dollar for international trade and instead, using other currencies. In simpler terms, these countries are planning to use less U.S. dollars and more local currencies for their trading activities. This move will positively influence how the value of gold and silver changes internationally. The groundwork for de-dollarization is being laid in the next 4 months for oil to be traded outside the dollar when Saudi Arabia & UAE join BRICS in January 2024. Phase 1 the BRICS+ nations will be using local currencies for bilateral trading of oil, natural gas and commodities worldwide. The dollar dominance is done!!! The global de-dollarization campaign is gaining momentum, as countries (71) around the world seek an alternative to the dominance of the US dollar. In Phase 2 the BRICS+ nations will introduce a new gold-backed currency to rival the Dollar’s role on the global stage. With gold and silver prices poised to skyrocket, the time to prepare is right now. If you are worried about navigating this economic chaos, Swiss America is the trusted safe haven for your wealth. Our 40-year legacy is built on the pillars of privacy, preservation, and protection. We believe in the timeless value of gold and silver, converting your bank and retirement accounts into these tangible assets. It's not just about securing money—it's about securing your future. With Swiss America, sleep easy knowing your wealth is safeguarded in the storm of economic change. This report will give you all the answers you need to make some smart decisions for you and your family. Put your trust in us, because your financial peace of mind is our greatest accomplishment.
. “The Slow Burn of the Dollar Is Heating Up!!!
Imagine a world where the rules of the global economic game are being rewritten. This is not science fiction - it's happening right now, with the BRICS nations - Brazil, Russia, India, China, and South Africa - at the forefront. They are welcoming six new members - Saudi Arabia, United Arab Emirates, Iran, Argentina, Ethiopia, and Egypt - at the start of 2024. Over 40 countries have expressed interest in joining the bloc, and 22 countries have formally applied. This is not just an expansion; it's a revolution that has significant implications on the worldwide economy.
Together, this expanded alliance will control a striking 42% of the world's oil supply. Interestingly, they only consume 30% of it. As the game changes, the once dominant US dollar is being chosen less frequently as the preferred global reserve currency. Its use has slid quite significantly from 73% in 2001 to just 58% today. The United States, historically a kingpin in the global money arena, has been known to flex its financial muscle, imposing sanctions and exerting influence. The US has effectively weaponized its currency, imposing sanctions on countries accounting for a significant 29% of the global economy and 40% of the world's oil reserves. These sanctions adversely impact countries' capacity to trade on an international platform, thereby motivating the desire for de-dollarization amongst the now BRICS bloc members. Amid these shifts, the US grapples with its internal challenges - soaring inflation, a towering national debt of $33 trillion, and an impending banking crisis due to rising interest rates.
Large countries like China, Russia, Brazil, India, and many others (71) are beginning to rely less on the US dollar. Instead, they're using their own national currencies for trading. This shift is changing global finance and could affect everyone's savings. So, it's important to stay informed and ready. Groups like BRICS are also starting to use a combination of various local currencies, not just the US dollar, which is called a multi-currency system. As we're stepping into a new era of global finance, the influence of the US Dollar is dwindling while new financial arrangements are gaining momentum. It's crucial for everyone to adjust to these changes.
But why is this significant change occurring, and why now? There are five main reasons driving this transformation, which we'll discuss to make this pivotal economic shift clear.
How well you know and handle these big changes will determine whether your bank accounts and retirement savings thrive or greatly suffer in the coming years.
Five Crucial Factors for De-dollarization: At the heart of this shift towards multipolarity are five crucial reasons anchored in pragmatic economic considerations: 1. **Reduce Dependence on US Dollar:** It's a strategic move to limit the hegemony of USD in their economies and curtail the American influence that
comes along with it. The shift would diversify their economic exposure and mitigate vulnerabilities. 2. **Shield Against Economic Sanctions:** In aworld where the dollar has become an extension of geopolitics, de-dollarization is a potent solution to insulate against the economic blowback of US sanctions.
3. **Limit Exposure to US Fiscal Policies:** RisingUS inflation, spiraling national debt at $33 trillion, and insolvent banks due to interest rate hikes pose risks to economies strongly tied to the dollar. Dedollarization serves as a safeguard against these external fiscal shocks. 4. **Impact on Forex Market:** US monetary policy and interest rates have a significant impact on foreign currencies traded on the Forex market. The increased rates may destabilize other currencies, urging countries to de-dollarize. 5. **Foster Economic Cooperation:** Multipolarity allows better integration of BRICS countries, fostering economic cooperation, improving stability, and possibly even creating an alternative financial order to challenge existing Western-dominated systems. These countries are reducing their use of the U.S. dollar in trade and using more various currencies. Their aim is to balance the world's economy, increase financial independence, and protect against U.S. money policy changes. It's a tough journey, particularly for large economies exploring new financial territories.
" Dedollarization" is shifting the global economy tremendously, much like a high-stakes chess game nearing checkmate. Those with US bank and retirement accounts, once regarded as safe and steadily growing, find their financial security on very shaky ground. This will lead to significant declines in the value, stability, and potential growth of these accounts. In simpler terms, the dollar - will start losing its footing, much like sand slipping through fingers. Dedollarization will cause the worth of your bank and retirement accounts to drop sharply. It's important to understand this change to properly plan and avoid losses. Realize it’s urgenency and think about your next steps carefully. Here are five key reasons how this shift will negatively impact your US bank accounts and retirement portfolios: 1. BRICS and Global De-Dollarization: BRICS (Brazil, Russia, India, China, South Africa) and (71) global countries are shifting their trade dependency from the dollar to their own or other currencies. This de-dollarization will lead to a weakened dollar, thereby reducing the value of dollar-denominated savings or retirement accounts. 2. High Inflation: High inflation reduces the purchasing power of money, meaning that your dollar-savings or investment returns would buy less over time. This deterioration in purchasing power will erode the real value of your bank savings and the future incomes from your retirement accounts.
3. Bank Insolvency: This occurs when a bank lacks the necessary assets to cover its liabilities. If your bank becomes insolvent, your deposits are at risk. The Federal Deposit Insurance Corporation (FDIC) only has $116 billion to cover $10 trillion of insured deposits. You will be bailed-in and lose your money to protect the banks.
4. Bilateral Trades Outside the Dollar: Major global economies engaging in bilateral trades using their own or non-dollar currencies undermines the value of the dollar. A depreciated dollar will lower the value of your dollar-denominated savings or investment portfolios. 5. Multipolarity Currency Scenario: The emergence of a multi-currency system where global transactions no longer heavily rely on the dollar will diminish the dollar's global standing. This will result in the decreased value of your US bank account balance or US retirement accounts due to a weakened dollar.
Summary: Undoubtedly, the phrases that once brought us comfort, like "savings accounts" and "retirement funds," now seem to echo in an alarmingly uncertain financial landscape. Let's not pretend that all is well in the field of global finance; we are facing an impending storm of a scale we've never experienced before.
The amount of global reserves held in dollars has dropped from 73% in 2001 to just 58% in 2023. Also, 29% of the global economy is under sanctions, and 40% of the world's oil supply is likewise impacted. With 71 countries moving away from the dollar, it's obvious that the old financial systems are being shaken, and relying solely on them for our financial wellbeing is notwise. The pace of change is not slowing down. BRICS has already rolled out the first phase which involves bilateral trading in local currencies, sidestepping the dollar. The second phase will introduce a gold-backed currency to challenge the Dollar’s dominance on the world stage. We are a fossil fuel energy driven society. Russia and OPEC+ plan to cut oil production, oil prices will go up in the US and Europe. This will make the Federal Reserve increase interest rates even more. Higher interest rates will lower the value of bonds that the banks hold along with commercial real estate and corporate loan defaults, putting them at risk of bankruptcy. The huge US national debt, now over $33 trillion and high inflation, are also playing a huge part in creating a financial storm. It's not a question of "if'', but "when" this storm will sweep away not only your bank savings but your retirement dreams as well.
In this situation, physical gold and silver offer security and privacy that paper money can't provide. The old saying, "If you don't hold it, you don't own it" rings truer than ever. It's time to rethink your financial strategy. Do you want to keep your assets tied to a chaotic financial climate and depreciating dollars, or invest in the privacy, preservation and
protection of physical gold and silver? Tangible assets like gold and silver are pure wealth and they have no counterparty risk and no one else's liability. They are the only safe havens in this financial storm, and it's a good idea to invest before it's too late. Your privacy, preservation, and protection is quite literally in your own hands.
“Wealth Security: Six Key Benefits of Physical Gold During Global De-Dollarization and Economic Chaos”
1. **Shield Against Dedollarization**: Gold offers an impressive defense against the risks associated with de-dollarization. As various countries contemplate shifting away from the U.S. dollar for global trade, the value of the dollar could significantly drop. However, the value of gold is internationally recognized and not tied to a single currency, making it immune to such geopolitical shifts. 2. **Hedge Against High Inflation**: Gold is renowned as an inflation hedge. As inflation erodes the value of paper currencies, the relative purchasing power of gold tends to remain stable or even rise. Thus, gold is a solid investment for those seeking protection against high inflation rates. 3. **Guard Against Bank Insolvency**: In an event of a bank failure, depositors may lose their funds. However, physical gold you've privately stored isn't subject to this risk. It's not directly affected by the financial system vulnerabilities and hence offers protection against bank insolvencies. 4. **Safe From Bilateral Trades**: When countries engage in bilateral trade agreements that bypass the U.S. dollar, this can indirectly impact the value of your dollar-linked investments. Gold, being a globally recognized store of value, is largely immune to these bilateral trade shifts, thereby offering protection for your wealth. 5. **No Counterparty Risk**: When you own physical gold, you take on no counterparty risk. That means its value doesn't depend on another entity's ability to meet its financial obligations. Gold is not anybody's liability - its worth is inherent. 6. **Privacy and Ownership**: Holding physical gold and storing it privately gives you actual ownership and affords a high level of privacy. This can be of immeasurable worth for many who fear government intrusion or potential asset seizures. It's an old saying, but it's true - if you don't hold it, you don't own it!!! That’s not just about having tangible wealth; it's about having control over that wealth, too.
John Colyer - Swiss America 1-800-289-2646 x1031
Buying The Saint-Gaudens Double Eagle The centerpiece of America's 20th century "gold standard" was The Saint-Gaudens Double Eagle, or $20 gold piece, which stands above the rest as the single most magnificent coin of this or any era in U.S. history. In 1904, President Theodore Roosevelt hired personal friend and sculptor Augustus Saint-Gaudens to design the new $20 and $10 coins. The Saint-Gaudens $20 design was so acclaimed that the Mint chose to use this design for the creation of the modern Gold American Eagle coins. These coins are highly sought after by investors and collectors alike for their historical significance and rarity. With the passing of the Gold Recall Act in 1933, all gold coins were taken out of circulation, making pre-1933 gold coins a true treasure. In addition, like all Pre-1933 US gold coins, $20 Saint-Gaudens gold double eagles allow for the purchase and sale without the 1099-B reporting required by the IRS for their bullion counterpart. Numismatic coins are excluded from FDR's Presidential Executive Order 6102, Section 2B of 1933.
Buying $20 Liberty Double Eagle Gold Coins America's largest circulating gold coin was the Double Eagle or $20 gold piece, born in the exciting years of the great California Gold Rush of 1849. The new mines yielded the greatest mass of gold in recorded history. Vast quantities of the yellow metal helped to speed the developments of the American West and had far-reaching effects on the world's coinage. Designed by James B. Longacre, the obverse (front) of the $20 Liberty gold coin features Miss Liberty wearing a crown inscribed with the word "Liberty". Thirteen stars representing the original thirteen colonies and the date encircle her. These coins are highly sought after by investors and collectors alike for their historical significance and rarity. With the passing of the Gold Recall Act in 1933, all gold coins were taken out of circulation, making pre-1933 gold coins a true treasure. Their status as a collectible allows for the purchase and sale without the 1099-B reporting required by the IRS for their bullion counterpart. Numismatic coins are excluded from FDR's Presidential Executive Order 6102, Section 2B of 1933.
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