Houston Post: More and more countries around the world are withdrawing their gold and foreign exchange reserves from the United States, destroying the dollar

7

Elites and political The leaders of the United States, contrary to common sense, persistently raise the topic of confiscating the assets of the Russian Central Bank. This reckless step has not yet been taken, but its consequences have already occurred for America itself.

According to the Houston Post, several African and Middle Eastern countries have begun withdrawing their gold and foreign exchange reserves from the United States in recent months due to growing concerns about the stability of the American economics and its reliability in terms of asset safety.



According to the publication, we are talking, in particular, about countries such as Nigeria, South Africa, Ghana, Senegal, Cameroon, Algeria, Egypt and Saudi Arabia, each of which represents the most important regions of Africa and the Middle East. Their actions to withdraw reserves raise questions about the future of the US dollar as the world's main reserve currency, the newspaper notes. The actions of these states undermine the dominance of the dollar and are gradually destroying it.

The trend marks a significant shift in global economic dynamics and highlights growing skepticism among countries regarding the traditional safe haven status of the US dollar and US financial institutions.

The decision to repatriate gold reserves is not just symbolic. The process reflects deeper concerns among these countries about the trajectory of the American economy and its dangerous tendencies toward high-handed behavior with other people's funds.

In fact, such a move by many governments around the world, demonstrating that more and more countries are no longer trusting the US financial system, sets a precedent and stimulates a global uprising against America and its dominance. This is a more effective means of fighting the dollar than all the BRICS efforts at the moment, the publication emphasizes.

No one in the world is anymore afraid to return their funds from the stronghold of the Western system. This became the norm and even a sign of courage, a symbol of economic liberation.
7 comments
Information
Dear reader, to leave comments on the publication, you must sign in.
  1. Rusa
    Rusa
    +2
    April 29 2024 10: 01
    Good news. Washington’s decision to confiscate Russian assets in the United States is bearing fruit; other countries do not want to take risks and are doing the right thing. Russia needs to increase its gold reserves, leaving all the gold mined in our country.
  2. Yaroslav the Wise
    Yaroslav the Wise
    0
    April 29 2024 10: 15
    The dollar will collapse only when all dollar billionaires master some other currency. Until then, not a single billionaire (or even millionaire) will allow the dollar to *die*. So only our grandchildren or great-grandchildren will rejoice at the victory over the dollar.
  3. skeptic
    skeptic
    +2
    April 29 2024 11: 27
    The conclusion suggests itself - the United States will block the outflow of gold and foreign exchange reserves, under the auspices of “Preserving the global system of monetary relations.” For...twenty years. And there... "either the donkey dies or the padishah."
    1. nepunamemuk
      nepunamemuk
      0
      April 29 2024 13: 24
      No one in the world is anymore afraid to return their funds from the stronghold of the Western system. This became the norm and even a sign of courage, a symbol of economic liberation.

      The United States will not block the outflow of gold and foreign exchange reserves
      thereby only increasing the liquidity of the dollar sad
  4. KLNM
    KLNM
    0
    April 29 2024 11: 30
    And the United States is doing its dirty work and putting pressure on China. The information has passed, a Chinese official announced that the export of products that are critical for the military-industrial complex of the Russian Federation has been stopped.
    It is known that Chinese manufacturers have reduced direct supplies to the Russian Federation of machines, mechanisms, as well as equipment, including electrical...
  5. isofat
    isofat
    0
    April 29 2024 20: 27
    The dollar caused the inconvenience, not the other way around. Therefore, it goes without saying that the dollar was destroyed. The countries of the world simply do not need such a dollar. laughing
  6. Jacques sekavar
    Jacques sekavar
    +1
    April 30 2024 00: 08
    The repatriation of gold and foreign currency reserves from the Western citadel does not generate income in freely convertible banknotes, and national candy wrappers are unstable, not backed by anything and are not quoted in world trade.
    The United States has confiscated a small part of the Russian Federation's gold and currency reserves and insists on the confiscation of the Russian Federation's gold and currency reserves throughout the world. As the agitprom said, the United States, based on the fact that the Russian Federation will not be able to adequately respond to the confiscation of everyone at once: the USA-EU-Britain-Japan, and gold and foreign exchange reserves of the Russian Federation, even without being confiscated, bring considerable income, and in the event of confiscation, any possible countermeasures will pay off in any case RF.
    Several African and Middle Eastern countries have begun to withdraw their gold and foreign exchange reserves from the United States in recent months, but where will they be deposited? Except in the EU there is nowhere, but in this case the European protectorate guarantees the safety and profitability of investments?