As India, China, Russia & The World Departs The Dollar, Where To Now?
It’s no secret that Russia, India, and China waste no love on America as each is left at a disadvantage by recent economic offensives. Geopolitical tensions have consistently fueled division and nations worldwide have begun seeking alternatives to avoid various strains brought about by American Dollars. Much of this has been for political separation, as communications also deteriorate international relationships with America.
However, money talks, and it may speak much louder than politics in this case. Since Trump’s administration began, the Federal Reserve has raised interest rates several times and warns of more such raises to come throughout the next two years.
According to CNBC, roughly 80% of national currencies have suffered losses of value against the Dollar. This means that most of the world is losing exorbitant amounts of money by involving the US Dollar as the preferred, stable medium in their trades.
India and Russia recently agreed to handle India’s purchase of Russian S-400 missile systems via roubles instead of dollars. That’s a 5-billion-dollar deal, and America is left off the table completely. Russia, China, India, Venezuela, and many others are now determined to handle their business without the Mighty Dollar, and that’s just fine.
The beauty of this is that cryptocurrency is also gaining favor as a viable medium of international exchange. Unfortunately, instability is the Achilles heel for most cryptos. Stability was of course a primary reason the US Dollar reigned for so long in these trades, but even that is shaking. Even so-called “stablecoins” are generally riddled with limitations which prevent universal appeal.
The world is in a transitional phase now, and universal appeal is not the main concern to most countries while profits flounder and alternatives are sought, but very soon, it will be. This is predictable for much the same reasons that the US Dollar was once selected for the role. History teaches that much, but the future means learning several other lessons as well, lessons which lead to the creation and appeal of cryptocoins, and later stablecoins, and ultimately GODcoin.
GODcoin is the only solution in existence which will embody these progressive, hard-learned lessons of time. Every nation on earth is going to come to GODcoin to fill the role of universal medium for their trades, and that means you will, too.
This article was authored by Eric Logan, @rasgriz311
There are many advantages to GODcoin especially since it is one of the few coins that will be backed by gold and silver. Not only does GODcoin offer the illuminated path towards a prosperous future, but very soon, it will be the global currency. To learn more, visit the following links:
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very interesting this article, something that if I call my attention is how well would the new cryptocurrency, having its value backed in gold? This would not in the long term cause an imbalance in the economy, by allowing a crypto to be handled by physical values and not the trust of millions of users?
There's no denying where the $USD is heading while countries like Russia, China, and India are gathering gold and making deals!
As soon as the bomb drops GODcoin is going to be your best bet.
The world will descend into chaos and out of the ashes GODcoin will remain tested by fire
Fiat currency will soon be gone and we will enter the digital age of crypto!