BRICS Alternative Currency Near Realization, American Empire Death Imminent?

• BRICS Alternative Currency Near Realization, American Empire Death Imminent?
  by Armageddon Prose, via https://www.zerohedge.com/
  When I was younger in 2010, during a brief stint as an English teacher in Saudi Arabia that didn’t end harmoniously for the involved parties, I was struck by the fact that I could buy cigarettes from the corner store in dollars. I had a vague appreciation prior of the global dominance of the dollar, but it had never occurred to me that it could be used to conduct mundane transactions halfway around the world.
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  Those days are, if not over, soon to be over.
  Via Business Insider (emphasis added):
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  “Russian Foreign Minister Sergey Lavrov said BRICS countries are developing a payments platform that will allow them to bypass the US dollar, per TASS, a state news agency.
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  The initiative came from a summit of the BRICS countries in Johannesburg last year where the group — which includes the key members of Brazil, Russia, India, China, and South Africa — called for more trade and lending in their national currencies.
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  Lavrov said on Monday that the platform will improve the international monetary system and allow payment in national currencies for mutual trade. Russia is keen to move its trading partners away from the dollar because it faces significant sanctions from the US and its allies.”
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  The U.S. government cannot print its way out of this mess because the only value that it derives from the dollar, it being based on nothing, is based on global demand. When no one wants its trash anymore, it becomes just that.
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  When it prints money — a misnomer anyway, because it’s actually just digits in a computer — the whole operation is predicated on people and entities wanting more of it. But the world has apparently had enough of the Ponzi scheme, so shit’s going to get super weird, which is bad news for anyone who loves empire and great news for anyone who hates the U.S. government in its current form. Massive pain is on the way, but it’s coming one way or another and something better might just come out of the other side.
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  read more.

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