GCRπ βOur GCR Continues to Unfold in Real Timeβ by Awake-in-3D β 7.5.22
Tuesday, 5 July 2022, 2:33 AM
Entry Submitted by Awake-in-3D at 12:15 AM ET on July 5, 2022
GCR Plan Continues to Unfold on the Global Stage β Saudi Arabia Considers Joining BRICS Alliance
If Saudi Arabia joins BRICS itβs game-over for the US Dollar as two thirds of the worldβs population will have the option to buy energy in their native currencies.
If this happens, the USA will no longer enjoy exporting its debt or maintain its record high global trade deficits. Furthermore, if BRICS+ nations follow Russiaβs lead in adopting a non-fiat digital currency backed by gold and other natural resources, the USA and European financial systems will be thrown into a death spiral of non-payable debt and currency debasement.
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GCRπ As the worldβs largest exporter of oil, Saudi Arabia is the lynchpin of the βPetroDollarβ system.
If Saudi Arabia joins BRICS+ and pivots away from issuing contracts in USD, global demand for US treasury bonds with decrease significantly causing treasury yields (interest rates on USA debt) to skyrocket. Additionally, the need for nations to hold US Dollars as sovereign currency reserves will decrease in favor of other Reserve Assets.
This means that many countries will begin to sell their Dollar reserves on the open market (the EuroDollar system) creating an oversupply of dollars and under supply of demand for dollars.
Thus begins the collapse of the USD globally leaving the US Treasury unable to pay the high interest rates on its debts.
Game Over. Enter the end of the FED and the introduction of the new, asset-backed USTN currency and our GCR General Redemptions.
@GCR_RealTimeNews