The Great Dedollarisation has started. In fact, it was inevitable.
"Following a series of corporate cyberattacks that American intelligence agencies have blamed on Russian actors, Russia's sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan - or simply buying precious metals like gold, which Russia's central bank has increasingly favored for its own reserves."
They are getting the fuck out of the USDThis is the first out of many more to come, here are some facts in case you're still living under a rock
-The International energy agency issued guidance last month to
scrap all new oil and gas developments.
Anyone that know a bit in energy knows this is blatant bullshit and nobody is ready for a full transition to for ESG policies, this is literally the confirmation and the green light for skyrocketing price in gas and groceries 50% of your wages
- Larry Fink (the dude manage more money than you can even think of) said inflation isn't transitory and said in fancy financial language that it's about to get insane real quick
- Michael Burry warned of hyperinflation then received a visit from the SEC and deleted his twitter account
- New regulation from the BIS on the paper gold market taking effect this month for Europe and later this year for London. (They know it's about to go down and much more people are going to want exposure to physical gold which they don't have)
This is huge By the way, the FED could trigger the whole collapse of the financial system
by just announcing they are raising rate in a conference. It is that much leveraged.
Nobody will be listening or taking action but smart money is leaving. I will have proof that I warned, everything is in place for a monumental collapse.