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BRICS Create New Intl Trade Currency, Damage to the Dollar Will be Enormous and the Domestic Economy Will Collapse in a Short Period of Time +Videos

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By Amber William  /  My Daily Informer

Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.

It’s no secret that recent volatility in the world financial system has more than a few people openly talking about the threat of an economic collapse — and I’ve been explaining for several years now why I believe an economic collapse is inevitable.

If history is any guide, the good news is that it won’t result in a complete breakdown of society.Argentina suffered through the collapse of its own economy just over a decade ago and life goes on — but it remains less than idyllic there.

Nobody can say exactly how the collapse of the “almighty” US dollar will unfold, but you can bet that most people will be unprepared if and when it happens. If we’re lucky, it will happen one weekend after the-powers-that-be announce a bank holiday followed by a complete fully-controlled system reset that results in significantly lower standards of living for everyone.

Given the global nature of world market – particularly how oil is denominated in USD, it’s likely that every economy will be significantly impacted. A shift to an international currency would likely occur quite quickly – one that includes a basket of currencies and a significant amount of precious metal backing (gold, silver). Countries are also likely to bypass the USD and enter into direct trade deals with each other – China has already started this with Russia, Brazil, Australia and a number of other countries. This lowers the impact of USD exposure.

To answer your question directly: Job stability – jobs that have exposure to American exports will obviously be the hardest hit, so manufacturing etc. Additionally, a lot of the global “innovation” industries such as IT, Biotech, entertainment etc will be hit hard, as will international finance which involves US transactions. Jobs least likey to be impacted will be those that cater to local needs such as local agriculture and essential service industries.

Little to no social unrest: This will depend heavily on the following I think (availability of food, water and essential services). One would prefer a country that is relatively isolated (to avoid influxes of refugees that would create disturbances), has a stable democratic government, and has an efficient police force and army (as last resort at maintaining the peace), and can maintain essential services without relying on external countries (water, sewage, electricity, food supply chain).

Good availability of food and water: This is likely the biggest concern. Some people say that “society is only ever 3 meals away from collapse”. That might be overstating it, but highest on the list of concerns during a global collapse/instability caused by something like a rapid USD decline would be availability of food and water. “Availability” will be most likely determined by proximity in a world where energy (ie shipping) prices are fluctuating wildly.

Given this, some of the the last places you would want to be would be countries such as UAE, Saudi Arabia, Singapore which rely heavily on imports of food and water, and also have huge exposure to the USD trade.
A better list would include net exporters of food, countries that are isolated (preferably by sea), and countries that take care of their energy needs (particularly electricity in the short term and hydrocarbons in the medium to long term).
Most countries in the southern hemisphere would be pretty resilient like South and some parts of Central America. The Australia (and neighbor New Zealand) are likely to be the counties with the highest standards of living after a global shock. They have also mine a lot of gold.

I believe that the supramacy of the dollar as the strongest international trade currency, is becoming weaker and weaker. There are some countries that simply refuse to deal in dollars at the moment. If BRICS create a new international trade currency, the damage to the dollar will be enormous and the domestic economy will collapse in a short period of time. So be prepared for hard times.

 

The Bank of Russia has already signed an agreement with China to set up a bilateral gold trade which should be formulated and functional in 2018.

A BRICS wide gold trading system would be yet another blow to western control of global currency exchange, metal exchange and would further challenge the status of the Dollar as the de-facto global reserve currency and standard currency of international exchange.

Some key events have already seen China in particular, and the BRICS more widely, take aim at the west and Washington’s stranglehold over global monetary networks.

This includes:

–Venezuela’s embrace of China’s Petroyuan

–China’s new system to buy oil futures contracts in Yuan which can be easily convertible to gold at the exchanges in Shanghai and Hong Kong

–Bilateral trade between BRICS members and wider Eurasian partners in local currencies

–Russia’s forthcoming Cryptorouble

–Proposals for a BRICS wide cryptocurrency

As I previously reported in The Duran:

Russia is not actually interested in undermining American “democracy”. In fact, the United States isn’t particularly concerned either. But Russiagate continues to give mainstream media a narrative that it can sell to its dwindling core audience. However, when it comes to the real linchpin of American power, the almighty Dollar, things are very different.

Since it typically takes millions of Dollars at minimum, to even enter major US elections, it is clear that the American electoral system, like just about everything in the US, is as tied in to the power of the Dollar as any other institution. The entire contrived narrative about Russia is really a thinly placed mask which hides the real worry in the US about Russia’s latest geo-strategic moves.

Today, Russia’s Prime Minister and Deputy Prime Minister took part in an official visit to China where both countries signed agreements to expand bilateral trade in national currencies, as opposed to using the US Dollar as the standard transaction currency.

In the summer of 2017, the Presidents of Russia and China led a large meeting of top government and private sector officials from both countries. Scores of agreements were signed, including those which set into motion, bilateral trade in national currencies.

Today, Russia’s Deputy Prime Minister Sergey Prikhodko commented on the progress of these arrangements. He said,

“At present, financial regulators of the two countries are working on extending the bilateral currency swap agreement for the next three years.

In 2016, the share of national currencies in payments for exports of Russian goods and services amounted to 13 percent, imports, 16 percent. In the first quarter of 2017, these figures rose to 16 percent and 18 percent, respectively”.

With countries throughout the world, including Turkey, Venezuela and Iran beginning to trade in national currencies or in Chinese Yuan, the power of the US Dollar as a standard trading and reserve currency is being actively and openly undermined by China, Russia and their trading partners. This of course is perfectly legal as countries can trade in any currency they wish. They can even use barter as a means of exchange, as Iran sometimes still does with Russia.

While the US has long felt threatened by Chinese trade and industrial dominance, now the US Dollar is being actively challenged by the growing power of the Chinese Yuan. The Yuan is now positioned to threaten the hegemony of the Dollar as a major trading and reserve currency.

This has expressed itself in the following ways:

–China offering the sale of oil futures contracts in gold backed Yuan

–Countries as wide ranging as Venezuela, Turkey and Russia conducting major bilateral trade in national currencies (as opposed to the US Dollar)

–The possibility of a new BRICS trading standard based on the Yuan, gold or other ‘eastern’ currencies

–The possibility of a BRICS regulated crypto-currency

Additionally, other nations which have been hit by unilateral sanctions, including Iran, have also showed a willingness to embrace a new Dollar free trading regime with its existing and new partners.

In this sense, while the US has often criticised China for pegging the Yuan to the Dollar, the combination of China being willing and able to convert Yuan to gold in respect of oil futures contracts, as well as the increasing global confidence in the Yuan as a reliable trading and reserve currency, may eventually lead to China floating the Yuan or pegging it to another standard.

As China holds billions in US sovereign debut, China holds the fate of the Dollar in its hands more than ever, as now China has many other options at its disposal when it comes to diversifying its monetary policies.

In a recent report form the US based Navy Times, journalists interviewed sailors aboard the USS Shiloh cruiser. The ship which is based in Japan, has been running missions throughout East Asia in an attempt to allegedly deter North Korea.

But far form deterring North Korea, the American seamen have stated that their conditions have left them demoralised and even suicidal.

In this sense, one sees US sailors used and abused by their chiefs, preparing for battles which many believe cannot be won, all the while, provoking the Chinese superpower in its own maritime territory.

At the same time, it is crucial to understand that the military endeavours of the US have nothing to do with security the territory or people of the US, but instead follow on from the perceived financial and monetary benefits that the US intends to achieve by disrupting the peace and stability of regions vital for Chinese trade. At the same time, the US is surprised and reacting unreasonably to the reality that as China’s trading, logistical, fiscal and monetary might grows, so too will its geo-political influence necessarily grow. The US being so keen to protect its hegemony, a hegemony built increasingly on excessive military spending and the power of the Federal Reserve’s monetary manipulation, seems unwilling to gracefully accept China’s rise to global prominence as a leading power of the 21st century. China is consequently faced with the perfect storm of the US fighting for its monetary hegemony using its military, all the while attempting to restrain China’s growing political clout.

In short, the US is not fighting for the security of its realm, but for the security of the Wall Street based financial industry and that of the Federal Reserve, in addition to the overarching geo-political hegemony that both have allowed the US to exercise with impunity. It is not a transparent war, but it may become a deeply ugly war, nevertheless.

Should the US Dollar’s value plummet as a result of international markets losing confidence in the USD, the US economy and those which are directly tied into it, will feel the sting.

These developments also call into question, the long term feasibility of the Yuan being effectively pegged to the Dollar. The moment that China feels that floating the Yuan will incur greater aggregate advantages vis-a-vis the pegged Yuan, China will float its currency.

While it used to be received wisdom that it was the Dollar which gave the Yuan its value, the new dynamics in international trading markets and the sheer size and diversity of the Chinese economy, are changing this reality and changing it rapidly. If the Yuan is allowed to float on currency markets, the US Dollar is the currency that has the most to lose from such an event and it is now an event whose proximity in time is becoming ever closer. It will also be a further sign of China diversifying its international points of sale away from the US.

While people like Steve Bannon speak of China frequently, most US commentators and politicians are focused on Russia. The reason for this is because Russia is still considered to be more geo-politically active superpower in areas which cause embarrassment for the US, primarily Syria. The other reason is that because of the US economy being so dependant on China and because China owns so much US sovereign debt, many in the US are still more afraid of fully alienating China, whilst Russia by contrast, has comparatively few economic ties to the USA.

The flip side of this reality, is that Russia is in many ways even more free when it comes to developing new anti-Dollar currency solutions. China still needs the US consumer market and thus, things will have to necessarily progress in a gradual manner in respect of the inter-dependant but mutually distrustful economic and monetary ballet between Beijing and Washington.

Russia has no strings attached in this sense and US sanctions against Russia and many of her traditional partners, only serve to further drive home the importance of de-Dollarising Russia’s trading networks. This indeed is one of the reasons that Russia is set to launch a crypto-Rouble which will compete directly with both the Dollar and existing western cryptocurrencies for small and medium sized international transactions.

Conclusion

Russia has avoided the pitfall of the 1990s US/EU music industry, albeit on a much more substantial scale. Just as Paypal and other online apps have destroyed many physical bank branches, in the coming years, there is a very real possibility that as cryptocurrencies get easier to use and become more widely accepted for day-to-day transactions, they could supplement the largely old fashioned banking/monetary system. When this happens, countries that reject cryptocurrencies for fear of not being able to collect revenue from such transactions, will find themselves totally shut out.

Russia has avoided this pitfall by embracing technology and making it work both for Russia, for consumers and for commercial interests. It’s a win-win situation and this is almost certainly, only the beginning”.

Nobody can say exactly how the collapse of the “almighty” US dollar will unfold, but you can bet that most people will be unprepared if and when it happens. If we’re lucky, it will happen one weekend after the-powers-that-be announce a bank holiday followed by a complete fully-controlled system reset that results in significantly lower standards of living for everyone.

If not, collapse will be much more chaotic …

The worst part of any such chaotic, unplanned, economic collapse occurs in the first few weeks after the initial event that precipitates the crisis. It could be an extremely volatile and scary time — especially in major metropolitan areas — as people caught unprepared end up roaming far and wide, searching for the most basic of necessities, and doing whatever they must to ensure their survival until anew currency is eventually established that helps repair the broken supply chains. Until that occurs, however, most people will have to rely on the black market for almost everything, but life will go on, and goods and services will continue to be traded — just far less efficiently than before.

How long will it take for things to get back to a relative state of normalcy? That’s anybody’s guess, but I’ve been preparing under the following assumptions:

  1. A collapse of the US dollar will not — repeat, WILL NOT — result in a Mad Max end-of-the-world scenario
  2. Supermarket shelves will remain empty for six months

With that in mind, here’s how you should consider preparing for a collapse — in order of descending importance:

Water. If you’re dependent on your local municipality for water, what will you do if a lack of spare parts shuts down the water system for a week or two? If the situation is dire, you can get by on about one quart of water per day. However, ideally you should prepare to have at least one gallon per person per day for at least two weeks, preferably four. You should also purchase a heavy duty filter to purify additional water. Top-of-the-line water filters that will purify up to 13,000 gallons cost roughly $250.

Food. In the opening days and weeks of the crisis, the last place you’ll want to be is anywhere near a supermarket, fighting clueless hooligans or hoards of looters and panicked people. Some of the cheapest food available on a cost per calorie basis is white rice. And while canned food is preferable to dry, dehydrated, and freeze-dried vittles because it’s ready to eat and doesn’t require other valuable resources to prepare such as heat and water, it’s also much more expensive. That being said, while there may be occasional utility disruptions due to a lack of spare parts, I don’t expect catastrophic failures. You should have at least a six-month supply of food on hand. Remember: Even if the food shortages fail to manifest themselves or are quickly extinguished, the food you store will come in handy if you find yourself unemployed and unable to afford, say, $30 for a loaf of bread.

Warmth. Although I live in a warm weather climate, I realize many people don’t. If you live in an area with extremely cold winters, make sure you have a sufficient supply of wood or heating oil on hand.

Medications. If you need prescription medications, make sure you have enough to get you through until the supply chains are restored. Make sure you always have an extra bottle or two of aspirin, cold medicine and vitamins. You should also have a decent first-aid kit and, if at all possible, a supply of antibiotics on hand.

Sanitary supplies. One of the most important things we take for granted, aside from food and water, is sanitation. Make sure you have a six-month supply of multiple soaps on hand including: bar soap, laundry detergent, and dish washing liquid. You’ll also want to make sure you have adequate stores of toilet paper, baby wipes, paper towels, trash bags, and feminine hygiene products.

Employment. The best protection against hyperinflation is your own earning power. Unfortunately, those on fixed incomes like senior citizens and other retirees will be especially vulnerable to rising prices because buying power declines sharply as dollar-denominated savings and retirement accounts rapidly lose value. Thankfully, most people who manage to remain employed will be able to minimize the loss of their purchasing power because employers will be pressured to increase wages in order to allow their workers to keep up with rising consumer prices. So keep your skills polished and stay employable.

Barter items. When a national currency fails and the normal supply chains breakdown, the local economy carries on and products become available via the black market. The only difference is that instead of using dollars, people will begin trading with others for needed goods and services. Proven options for bartering during times of economic distress include: whiskey and other alcohol, coffee, cigarettes, chocolate, salt, batteries, ammunition, and butane lighters.

Defense. Even now, when seconds count, the cops are only minutes away. And you can bet that if the economy collapses your local police will be hours away. That’s because they’re going to be overwhelmed trying to keep some semblance of order — especially if you live in a large metropolitan area. After Argentina’s economy collapsed at the turn of the century, crime skyrocketed. In fact, rapes increased by 165%, car thefts climbed 248%, robberies climbed 4159%, aggravated assaults rose 5597%, and burglaries increased by an incredible 512,100% (!). That is serious stuff, folks. So, more than ever, protecting your home, family, and yourself is going to be your responsibility. Learn how to use and safely handle a firearm. Then invest in at least one handgun and at least 500 rounds of ammunition, preferably more. My entire family, including my 16-year-old daughter, has taken multiple handgun classes and I consider those courses to be among the best investments I’ve ever made. If you aren’t comfortable with purchasing firearms, then make sure you have alternative defense options on hand such as pepper spray because the odds are good that you’re going to need it.

Being prepared always is a perfect move towards living an enjoyable life. You need to prepare for both success and failure simultaneously. Being alert could save the lifestyle of your friends, relatively and more importantly your valuable life. Bad things that are anticipated to occur needs to be prepared for perfectly because they are inescapable, such as, global warming. So if you are looking for a perfect guide that will explain to you how to outlive catastrophes of all kinds, then never overlook “The Lost Ways”. It is the best program for you. Is this book a scam? No. the truth is that this program is 100% genuine and results are guaranteed. It has been tested in many countries and many customers have given positive reviews about it. What are you waiting for then? Get your copy today and see your dreams turning into realities. Moreover, there is a 100% money back guarantee. You have no chance to lose. Your investment is save and productive.

http://www.mydailyinformer.com/brics-create-a-new-international-trade-currency-the-damage-to-the-dollar-will-be-enormous-and-the-domestic-economy-will-collapse-in-a-short-period-of-time/

Read more great articles here: http://www.mydailyinformer.com



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    • wheeties

      hey Amber…i got over a trillion usa dollars that i want to get out of into something better so i wont lose any value—i already have lots of gold/silver and other metals–what currency should i get into? they need to have a large army to defend my investment–can not be a socialist country which is most of them–need to have a decent court,polictical system also–should have a fair and balanced trade and copy right system–hurry Amber tell me what i should do,you sound like an expert.(moron,idiot..)

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