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→De-dollarization
===De-dollarization===
===De-dollarization===
De-dollarization is the process of freeing countries from use of the [[dollar]] to denominate the values of goods and services exchanged. The use of the dollar means that all of the transactions pass through the American banking system, which means that the United States has a [[monopoly]] information flow of who is selling what to whom. This American domination and an exclusive [[commercial]] advantage is removed when trade is conducted in national currencies and do not go through the United States banking system. De-dollarization is a consequence of American abuse of the power of the dollar as the global reserve currency. It is the abuse of the global financial system by spendthrift [[Congress]]es and the [[Federal Reserve Board]] of printing excess dollars in circulation and offering nothing of real value in terms of manufactured goods or services to back it up, thus robbing the rest of the planet.
[[De-dollarization]] is the process of freeing countries from use of the [[dollar]] to denominate the values of goods and services exchanged. The use of the dollar means that all of the transactions pass through the American banking system, which means that the United States has a [[monopoly]] information flow of who is selling what to whom. This American domination and an exclusive [[commercial]] advantage is removed when trade is conducted in national currencies and do not go through the United States banking system. De-dollarization is a consequence of American abuse of the power of the dollar as the global reserve currency. It is the abuse of the global financial system by spendthrift [[Congress]]es and the [[Federal Reserve Board]] of printing excess dollars in circulation and offering nothing of real value in terms of manufactured goods or services to back it up, thus robbing the rest of the planet.
The [[BRICS]] group, led by Russia and China began building an international finance and trading system that does not rely on dollars, that uses countries’ local currencies, gold, oil, or other assets to trade. The U.S. abuse of economic sanctions to [[blackmail]] and punish other countries that did not bend to America's will added to the impetus. The rise of BRICS means that the US dollar will, at a minimum, lose its relative [[monopoly]] on [[oil]] and [[gas]] trades and sales.
The [[BRICS]] group, led by Russia and China began building an international finance and trading system that does not rely on dollars, that uses countries’ local currencies, gold, oil, or other assets to trade. The U.S. abuse of economic sanctions to [[blackmail]] and punish other countries that did not bend to America's will added to the impetus. The rise of BRICS means that the US dollar will, at a minimum, lose its relative [[monopoly]] on [[oil]] and [[gas]] trades and sales.