Global De-Dollarization Navigating Economic Chaos and Change

" De-dollarization" 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 its urgency 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.