{"id":20198,"date":"2023-04-24T22:26:55","date_gmt":"2023-04-24T22:26:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/the-world-is-clearly-de-dollarizing-economics-bitcoin-news\/"},"modified":"2023-04-24T22:26:55","modified_gmt":"2023-04-24T22:26:55","slug":"the-world-is-clearly-de-dollarizing-economics-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/the-world-is-clearly-de-dollarizing-economics-bitcoin-news\/","title":{"rendered":"‘The World Is Clearly De-Dollarizing’ \u2013 Economics Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Ron Paul, the former U.S. presidential candidate and former U.S. congressman, has stated that recent geopolitical events have caused nations to start ditching the U.S. dollar. Paul stated that the debasement of the currency, the manipulation of prices, and sanctions against other nations have made other countries afraid of holding dollars.<\/strong><\/p>\n

Ron Paul Believes De-Dollarization Is Happening at a Rapid Pace<\/h2>\n

Ron Paul, former U.S. presidential candidate and former U.S. congressional representative, has talked about how he believes de-dollarization is starting to accelerate recently, even if he does not know when<\/a> the U.S. dollar will lose its reserve currency status.<\/p>\n

In the latest episode of \u201cThe Ron Paul Liberty Report,\u201d his online videocast, Ron Paul clarified a global reduction in the percentage of reserves held in U.S. dollars is caused by several circumstances, including<\/a> \u201cAmerica\u2019s endless wars, sanctions, wokism, nihilism, and unconstitutional abuses.\u201d<\/p>\n

About the consequences of this, Paul stated<\/a>:<\/p>\n

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It is already starting. More and more we have a series of countries that are transacting their international accounts in their own currencies and ignoring it.<\/p>\n<\/blockquote>\n

Furthermore, Paul declared that the U.S. government has a hand in \u201crigging\u201d the price of gold in order to make the dollar look stronger, having \u201cno respect\u201d for gold.<\/p>\n

Dollar Replacement and BRICS<\/h2>\n

About the possible replacement of the U.S. dollar on international markets, Paul stated that while he was not sure, Russia and China might have some kind of influence in the response to the vacuum that the dollar could leave behind. He also included BRICS, the bloc integrated by Brazil, Russia, India, China, and South Africa, as part of this answer.<\/p>\n

Paul stated:<\/p>\n

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I would keep an eye on BRICS and if they continue or accelerate their purchase of gold. Eventually, the best standard of money is that it is easily convertible into something that you can measure.<\/p>\n<\/blockquote>\n

The BRICS bloc has been studying the issuance of a currency since at least last year, when Russian President Vladimir Putin made the announcement<\/a> at the 14th BRICS summit held in China.<\/p>\n

More recently, Russian State Duma Deputy Chairman Alexander Babakov added<\/a> that such a currency might be potentially backed by gold or other commodities, including rare-earth elements or even land. However, the definition of the structure of the currency could be announced at the next BRICS summit to be held in South Africa in August.<\/p>\n

What do you think about Ron Paul\u2019s thoughts on de-dollarization? Tell us in the comments section below.<\/strong><\/em><\/p>\n

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\nSergio Goschenko <\/h6>\n

\nSergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Al Teich \/ Shutterstock.com<\/em><\/p>\n

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