Forget BRICS, BRICS+ or Bitcoin, the Real Danger to the King Dollar Lies Elsewhere.
This might surprise you.
The King Dollar is in danger!
That's what we've been reading for decades.
For years and years, everyone has been announcing the imminent death of the King Dollar.
And, as you can see, the King Dollar is still a hegemonic king.
Beyond the power of America, which does everything to defend its hegemony over the world, even going so far as to use its military might, the first reason why the King Dollar dominates in this way is that there is no credible alternative to the King Dollar (TINA).
When the euro was born, some people saw it as the birth of a potential rival, but the euro never achieved that status.
The King Dollar is therefore without an adversary. It's easier to be an ultra-dominant leader.
China and Russia have only one dream: to put an end to the dollar's domination of the world so that they can play on equal terms with America.
The BRICS initiative is a step in this direction, and with BRICS+, the two countries want to accelerate the de-dollarization of the world. However, there is a major problem among these BRICS+ member countries: the only thing they have in common is their detestation of America and Western values in general.
The BRICS+ share no real common values that would enable them to move in a common direction to threaten American hegemony over the world. Each of the member countries aims above all to defend its interests. And since the interests of each are divergent, this initiative is not as dangerous as some would have us believe.
Some people then go on to talk about Bitcoin being a threat to the American dollar in the future.
I'm a Bitcoiner, but with the great hijacking of the Bitcoin revolution we're witnessing, the danger of Bitcoin toppling the US dollar is receding. Unfortunately ...
The giants of finance are doing their utmost to integrate Bitcoin into the current system as a simple SoV, precisely to prevent the Bitcoin revolution from expressing its full potential and emerging as a global monetary system alternative to the dollar system.
So where does the danger for the King Dollar come from?
The danger comes from the American government itself, which is constantly pushing back the limits of American debt. US debt now represents over 120% of US GDP.
The US government has been living beyond its means for years, and the situation is only getting worse. The Fed's excessive use of the money printer is likely to increase this mistrust of the US dollar, and ultimately lead to the collapse of the American system.
The real danger to King Dollar lies within the American government. And the problem is bipartisan, because whether a Democrat or a Republican controls the White House, the problem will be the same.
The current system is flawed and not fixable. The players at the head of this system will only continue to apply the same recipes that will foster the vicious circle of generalized impoverishment we've been suffering for decades.
This is where Bitcoin comes into its own, and this is where Bitcoin represents our way out for a fairer system for all.
If Bitcoin as an SoV wins this generation, I will take it. Just because bankers won this round doesn’t mean that the fight is over. Bitcoin as a payment system can still win in the long run.