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All Aboard the De-Dollarization Bullet Train!
The US dollar is in a strangle hold death grip, and it’s color is turning from a green, more akin to a color of death, as there is no getting out of this. Pretty soon The US Dollar’s Star Will Soon Flame Out
These days it seems that everywhere you turn, the signs are there that the petro-dollar-juiced system is coming unglued. The gale-force winds that have been driving the world to de-dollarize have now literally become almost a raging storm. I’ve always believed that this would indeed be the end game which we’re now witnessing playing out, but currently, even I’m bowled over at how fast the whole deck of cards is being reshuffled.
Speaking of reshuffling, over the weekend, several more prominent countries have all but joined China’s regional bank, the AIIB. The East’s star continues to rise to the heavens, as the credit lifeline of the West gets nearer to the end of its rope. We’re not talking about some two-bit players either, these newest nations to sign onto this project are some real doozies! Let’s examine these newest signees together, and discuss the implications.
Newest Members
One of the newest(and certainly the largest) members to agree to the arrangement is Russia herself. Remember, Russia is a key leader behind the anti-dollar alliance, so this comes as no great surprise that they’d also be seeking to join this financing vehicle at its outset. After all, this new Eastern Bloc isn’t merely a Chinese phenomenon, but rather is a “joint venture”, whose progress is almost entirely defined by both Russia and China together.
Dollar has made life and also has destroyed that’s why this is one of the most loved currency and also the one which people hate the most. I am a lover of this as I just made 400 pips recently on single trade and I must appreciate my broker OctaFX since they have got terrific swap free account where I am not required to pay any fees or commission for keeping my trades on for longer period unlike other brokers which are eager to eat up our money.