absolutely right! I'll touch different topics in my next posts.
Black Wizard
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A historical shift in the Global Financial System
#Btc #XRP A Historical transition in the making ! from a "Petro dollar to a crypto dollar"?! From "control the oil and Control Nations" to "control Crypto and Control Nations" As the BRICS consistently transforms that Block into a force to be reckoned with, making Bitcoin a strategic reserve asset and capitalize on Ripple's XRP and the awaited RLUSD stable coin can potentially help to keep the Hegemony of the US Empire alive. The US has Kept it Empire the world Super Power through these three major interrelated pillars; 1.Keeping the US dollar highly demanded and a global reserve Currency. Evident after the World War II when the USD was pegged to gold and all other Currencies to the USD which catalysed the creation of high demand for the US dollar and made it a global reserve Currency. Further, when the Nixon administration abandoned that system and currencies remained free floating, the US struck a deal with Saudi Arabia to trade its Oil in US dollars which gave birth to the Petrol dollar concept. Up to date, the USD has literally been backed by Oil. 2. Keeping the US Treasuries as one of the most preferred safe haven assets on Earth, thereby Funding the infrastructure and all the government operations by running a deficit. At over $35 Trillion of National Debt which over 123% the US GDP, It's becoming unsustainable. 3. Dominating the SWIFT System to reward friends and punish enemies through sanctions. As of today, all the above pillars are tremendously being shaken by the BRICS Block as follows; 1. Challenging the Petrol dollar concept by Controlling around 40% of the global oil production with the recent inclusion of Saudi Arabia, Iran and UAE in the Block as major oil producing countries globally. Member states have started settling transactions in between using local currencies as opposed to the US Dollar. Whether we are heading into a Multipollar Currency driven global economy or remaining into a unipolar, the US still needs a strong continuous demand for the US dollar!. 2. Major US Treasuries holding Countries like China has already started dumping the US Treasuries and heavily investing into infrastructure projects like the One Belt One Road initiative and purchasing a lot of Gold. 3. Creation of Cross Border payment systems to rival the SWIFT like CIPS for China, SPFS for Russia and BRICS Pay. 4. Challenging the US as a global reserve Currency by thinking of creating a BRICS common Currency. Possible Solution for the US by making Bitcoin a Strategic Reserve Asset. 1. Heavy Bitcoin Purchases by the US and huge demand for it from all around the globe shall parabolically shoot Bitcoin prices to prices that have never been dreamt of given it's limited supply. Higher Bitcoin prices means the US will need a few Bitcoins on it balance sheet to solve it's Debt Crisis. 2. Creation of continuous high demand for the US dollar and Treasuries. Since crypto currency can only be bought through stable coin which are mostly backed by US Dollars and cash equivalents like the US Treasuries, a high demand for Stable Coins such USDT and the awaited RLUSD, Bitcoin itself and other Crypto assets shall automatically result into higher demand for the US dollar and US Treasuries Thereby keeping the US Empire major pillarsfirmly standing for the next 5-10 decades since the last Bitcoin will be mined in 2140.
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