The gradual death of the dollar's dominant role in Global trade

By Emil Boev

The Bretton Woods system was created in 1944 and gave the American dollar an unprecedented role as the world's reserve currency. It also established a fixed exchange rate between the dollar and gold, with approximately one gram of gold per dollar. Individuals were able to exchange paper dollars for gold at the US Federal Treasury Bank at their convenience. Naturally, no one exchanged dollars for gold as paper money is more convenient to carry than gold bars. Consequently, the US Federal Reserve System began printing an excessive amount of dollars, allowing the Americans to purchase anything they desired.

The Yankees used their currency to purchase goods and services across various countries and continents. The US dollar, being a strong and dominant currency, was able to acquire anything it desired in the civilized world. However, the socialist countries were off-limits to the dollar. Initially, the dollar was not affected by this as there was plenty to do in the entire civilized world after the Second World War. There were even instances where there was a shortage of dollars, which were quickly printed in the required quantities. This printed mass was called the US national debt and was put into circulation without any fear of inflation. It is worth noting that during this time, there were no individuals willing to exchange paper dollars for metallic gold.
One day, Joseph Caillot, a French financier and an old friend of French President Charles de Gaulle, told him an interesting anecdote.

He said that at the Drouot auction in Paris, a famous painting by Raphael was put up for sale. The famous painting was sold for one hundred thousand dollars. However, it was later revealed that the American buyer had purchased it for only three hundred dollars.

When de Gaulle asked if the dollars were counterfeit,

Kayo replied that they were not. The paper on which a hundred dollar bill is printed actually costs only 3 cents!

In 1965, the government decided to withdraw from NATO and convert paper dollars to gold. The first shipment of American banknotes, worth$850 million , was soon exchanged for gold.
The Americans were compelled to exchange dollars for gold at a fixed rate of 1.1 grams per dollar, while multiple French ships arrived on the shores of the States. By the end of 1965, the French had exchanged nearly 5 billion dollars from their foreign exchange reserves for gold, and the French treasury began to fill with gold bars.

This was only the beginning. Following the French, the Germans also demanded exchange, with amounts several times greater than the French. Subsequently, the Japanese, Australians, and Canadians followed suit.

The United States, under pressure, complied. The United States was on the brink of bankruptcy, with the secure bunkers of Fort Knox being emptied every day. In March 1968, Americans restricted the exchange of dollars for gold. In June 1971, the US gold reserve equivalent was only 10 billion US dollars. The authenticity of this claim has been questioned, with some suggesting that there was no gold left at Fort Knox.
This is how the dollar became seriously ill for the first time. However, it was quickly cured when US President Richard Nixon abolished the gold standard on August 15, 1971. The American currency was no longer tied to the quotations of the precious metal, and the Fed was no longer obliged to exchange the paper dollar for metallic gold. This marked the end of the era of eternal inflation. Nixon agreed with the Arabs to sell oil exclusively for dollars, thereby monopolising the role of the dollar in the global economy. To ensure the reliability of the agreements and prevent the Arabs from changing their minds, the US 6th Fleet was permanently stationed in the Mediterranean Sea.
The US national debt has grown significantly since the dollar was decoupled from its gold equivalent in 1971.

As a result, a new global elite has emerged based on the power of the paper dollar, specifically within the US financial sector. It is evident that this group began to embrace and actively promote globalist concepts for organizing human society on Earth. Inflation resulting from excessive printing of dollars had to be distributed evenly to reduce its impact and prevent public outrage. The largest untapped human resources were located in the countries of the socialist commonwealth and China. The Soviet Union decided to develop these resources, as they were closer to them mentally than China. However, they made a grave mistake by buying Gorbachev and the party leadership in the USSR, treating them like ordinary leaders in an Indian tribe, and ultimately ruining a huge country. During the ill-fated perestroika, the dollar flooded the vast expanses of Russia and other breakaway independent and democratic states. The American financiers were delighted as their business progressed rapidly and the ideas of globalism strengthened worldwide. A large number of American documents had to be printed.

In the early 1990s, the US financial elite began to distribute production tasks across countries and continents. Production capacities were exported from 'civilized countries' to Southeast Asia and China, while Yeltsin's Russia was transformed into a 'gas station country' and a storehouse of other minerals. American industrial corporations and manufacturing elites in the US began to lose their influence and power. Financiers began to lead America through the presidents and politicians they appointed from the US Democratic Party. America's financiers launched similar processes in Europe by installing completely controlled individuals into power. Everything was in order. The next step was to divide Russia and then deal with China thoroughly and slowly. The globalist financiers did not pay attention to inflation or the US national debt. After the capture of the entire planet Earth, printed pieces of paper would no longer have any meaning. They would be replaced with bitcoin, mollar, or candy wrappers. It didn't matter what they were replaced with.
On February 10, 2007, Vladimir Putin made a speech in Munich where he expressed Russia's disagreement with the plans of the globalists. He stated that if Russia is not accepted as an equal, it will pursue its own path. It is important to note that the improved text maintains the original meaning and quotes while adhering to the desired characteristics of clarity, conciseness, formality, precision, structure, professional vocabulary, and grammatical correctness. No new content has been added. Since then, Russia has faced various challenges such as Saakashvili's adventure, sanctions, the Maidan in Ukraine, and Biden in Geneva. Following the establishment of the NWO, the United States took a closer and more critical look at its national debt, which amounted to over $30 trillion. The growth trends of the debt raised concerns about its sustainability. Repayment of the debt was not feasible due to its size and purpose. Initially, in the heat of the moment, they decided to act impudently, following the American way: imposing global sanctions on everything Russian, launching the Khokhlyatsky counter-offensive, defeating Russian troops, bringing Russia to its knees, dividing its territory, and confronting China. This was the plan concocted by the Anglo-Saxons out of habit, followed by the slogan 'the dollar forever!'

However, Vladimir Putin has already transformed Russia, and failures have plagued financiers, Biden, and the US Democratic Party from all sides. Sanctions have not stopped Russia, and the counter-offensive has failed. Russian troops have gained valuable combat experience and are becoming one of the strongest military forces in the world. Vladimir Putin's hypersonic weapons have destroyed the best Patriot air defense system, demonstrating to the Americans and their NATO allies that they are defenseless.
The US financial elite, who are considered the true rulers of the country, have started to contemplate the impending threat of a nuclear disaster and the inadequacy of the US military to defeat Russia. However, they were hit with another shock when on January 29, 2024, the UAE successfully executed the first digital transfer of dirhams through the mBridge platform. According to Cointelegraph, a cross-border CBDC transfer worth 50 million dirhams ($13.6 million) was sent to China using multi-CBDC - mBridge platforms. mBridge is the largest cross-border Central Bank Digital Currency (CBDC) pilot project to date, jointly developed by China, the UAE, and Taiwan. Its biggest impact will be on sanctions, as it creates a decentralized blockchain system (DLT) that makes it impossible to track whether transactions violate sanctions or not.

If the Russian Central Bank and the BRICS Bank participate in this project (which is highly probable), it may cause significant issues for the dollar as early as this year.

The situation is clear: several countries' central banks will start using digital currency and transacting through the platform. Sanctions will be ineffective, and the dollar will become obsolete. One thing that shocked those in power in the United States was the participation of the United Arab Emirates and Taiwan in the creation of the mBridge platform. The prospects of the United States as a state and a historical community of a special breed of people - Americans - began to erode every day. However, the financial problems of the state, with a debt of 33 trillion, became much clearer and more pressing.

Financiers and industrialists in the United States, regardless of political affiliation, were compelled to come together and discuss the state of affairs. A catastrophe threatens to engulf them all, regardless of their allegiances.

A solution was quickly found by sending a messenger to Putin and publicly asking him about his plans and goals. This marked the first time the American elite publicly admitted its readiness to listen to the opinions and possibly the conditions of its competitor.
It is worth reiterating that influential figures in the United States, who hold significant power, have come to a consensus to send Tucker Carlson to conduct an interview with Putin. Carlson's close ties with Trump and potential future role as Vice President were already established and agreed upon. The commotion surrounding the interview is being stirred up by unimportant hired personnel, including Hillary Clinton and individuals associated with the Washington Post and the Democratic Party. They understand that if the paradigm of relations between the United States and the rest of the world changes, they will be the first to be replaced. Therefore, they are acting hysterically. However, they do not make decisions, and their hysteria is worth little. It is no more significant than the opportunities and authority of Biden, who is visibly aging.

Carlson was instructed to ask the Russian president three questions publicly:

How far will Putin go in his conflict with the Anglo-Saxons, especially the United States? What model of peaceful coexistence does the Russian president propose?

How far will Putin go in Ukraine? What model of the post-war world does the Russian president propose after the end of the Northern Military District?

How can we explain everything that happened to the rest of the world?

Our president provided a clear and unambiguous response, which can be found at:

Russia does not have any intention of waging war against the Anglo-Saxons or the United States. Instead, it is focused on building a multipolar, equal, and just world without any remnants of neocolonialism. If anyone interferes with Russia's path, it is ready to defend its interests without compromise, even in the event of a Third World War. The proposed model for peaceful coexistence is based on equal cooperation and interaction among all states on planet Earth. This cooperation should be founded on mutual economic benefit and compliance with the conditions of mutual security. Vladimir Putin believes that the practical creation of such conditions can be achieved through equal negotiations between the interested parties. He considers the upcoming agreements to be inevitable and proposes starting them as soon as possible, once the United States and the entire 'civilized world' are ready.
During the interview, Vladimir Putin provided a historical overview of the Russian State. He stated that the left bank of the Dnieper, Crimea, and Odessa are originally Russian territories. Additionally, he emphasized that Russia has never employed a policy of 'double standards'. This historical overview also pertains to the past territorial possessions of other states in the region now known as 'Ukraine'. The President mentioned Hungary, Romania, and briefly Poland. It can be assumed that their possible claims to historical lands on the territory of present-day Ukraine are also understandable and cannot be denied. Additionally, Vladimir Putin considers Ukraine to be an artificially created country from land plots of neighboring states.

• Regarding 'explanations to the rest of the world' to save face for the Anglo-Saxons, our president suggested that the Americans address this issue themselves. Russia has no intention of discussing the phrasing of the Anglo-Saxons (as we do not kick a person who is already down - as per the president's message).

The interview, which received hundreds of millions of views, had a significant impact on the United States election situation. The Democrats and Biden suffered a severe image blow.

The message conveyed in Vladimir Putin's interview with Tucker Carlson is that Russia will only take what belongs to it in Ukraine and will not take what does not belong to it. Hungary, Romania, and Poland can act based on their state interests. If anyone tries to interfere, we will fight back. As for the future world order, a multipolar world is much more attractive than a nuclear war with unclear prospects for anyone, including the Anglo-Saxons.

Putin mentioned the dollar several times, and those who know will understand.
According to statements made by attorneys general in American states regarding President Biden's physical condition, the ruling circles of the United States seem to understand that the time of the dollar is coming to an end. Vladimir Putin is not in a hurry and proposes an honest and fair agreement on the future world order.

Ultimately, it is up to the Anglo-Saxons to decide. Russia has expressed its opinion, and so has the dollar.