"Global De-Dollarization: Navigating Economic Chaos and Change"
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.We are a fossil fuel energy driven society. Russia and OPEC+ will cut oil production even more causing oil prices to rise in the United States and Europe which will cause The Federal Reserve to hike interest rate hikes even further. Over 40 countries are keen on joining BRICS, a powerful economic alliance, with 22 already having formally applied. We can't ignore the real threat of US banks going bust because of insolvent bonds, or imminent failures of commercial, real estate, and corporate loans. This disaster will destroy your bank savings and retirement funds. The huge US national debt, now over $33 trillion, high inflation, and the growing acceptance of multiple currencies and bilateral trades are playing a 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.
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