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The World’s Rush to Reduce Dependency on U.S. Dollar Accelerates as the Great AI Bubble Burst Apocalypse Draws Closer

While I have been reporting on the Big Tech crash that started accelerating in 2022 for over a year now, others in the financial sector are finally beginning to see where the current AI hype is leading the U.S., and using such words as "apocalypse" in terms of what is going to happen when this AI bubble (which almost ALL economists now admit is a real thing) bursts. ZeroHedge News reported this week that Goldman's head of research has apparently "seen the light" when it comes to the AI bubble, and "is downright apocalyptic on what the current AI bubble will lead to; think dot com bubble on steroids" and that it "will be the biggest bubble in history." While AI has sucked up all the capital in the U.S. economy for the past year and a half to create this economic apocalypse that now awaits us, the true extent of the crash of Big Tech goes far beyond just chat bots and LLM AI. Indeed, when the history books are written in the future about the collapse of the Great American Empire, chief among its causes will be our over-reliance on technology and the false Darwinian belief system that whatever humans can do, machines and technology can do better as they evolve. This reliance on technology started in the 1800s when America abandoned using natural plants, herbs, and things in creation for healing, and when traditional methods of healing, such as homeopathy, were banned in favor of laboratory-produced pharmaceutical poisons, starting with vaccines, in the false belief that man's technology could eliminate human disease. Today, the field of "biotech" still earns $trillions while Americans get sicker and sicker, creating a highly medicated society addicted to their products, which are now the #1 cause of death in the U.S Another great failure in American "biotech" technology is the destruction of the family farm in favor of mega food companies and the proliferation of genetically modified foods, along with all the chemicals needed in pesticides and herbicides to even grow crops in highly industrialized mono-cropping systems. Meanwhile, the non-Western countries of the world are finally teaming up together to form a new economic system that does not allow the warmongering United States to impose economic sanctions against them if they don't accept American "freedom" and become a "democracy" like us. It was announced this week that the two most sanctioned countries in the world by the U.S. today, Russia and Iran, have partnered together to form their own credit card payment system. Also being reported this week is the announcement that the BRICS nations are launching their own financial system.

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The Reign of the U.S. Dollar as The World’s Reserve Currency is Rapidly Coming to an End – Is the Death of the Iranian President Related?

In an event that was barely covered in the western media last week, Russian President Vladimir Putin made a 2-day visit to China to meet with his counterpart, Chinese President Xi Jinping. A lot of the western media coverage seemed to be infatuated with the fact that the two of them hugged each other in public, which was allegedly unprecedented, and that spawned dozens of articles of corporate media conspiracy theories about what it was that made them so happy with each other. But details of the meeting are now beginning to emerge, especially as some sources have begun translating Russian and Chinese versions of descriptions of what happened during the meetings into English. And if these English reports are accurate, it is no wonder as to why the two were so happy, as it appears that the U.S. Dollar's supremacy as the world's reserve currency is on the way out as the rest of the non-western world is rapidly abandoning the U.S. Dollar, which spells doom for the United States, and the ultimate end of the U.S. Empire as the world's most powerful nation. And now add to that the news of the suspicious death of Iran's President that happened this weekend after I started to write this article, and perhaps we now can see clearer into the future to understand what is about to happen next. It's not a pretty picture, at least not for Americans.

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Iran Central Bank and Oman Ditch the U.S. Dollar

The strategic policy of the Central Bank of Iran (CBI) is to set aside US dollar in trade and FOREX exchanges with other countries, the CBI chief said. Mohammad Reza Farzin made the comment in his meeting with Omani Minister of Commerce, Industry and Investment Promotion Qais bin Mohammad Al Yousef in Tehran on Monday. During the meeting, Farzin pointed to the full readiness of the Central Bank of Iran to remove the US dollar from trade and economic transactions between Iran and the Sultanate of Oman.

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As U.S. Bank Deposits Resume Outflows, How Quickly Will The U.S. Dollar Collapse?

While it has been a relatively quiet week in the financial sector, it may not be long before the economy takes over headline news again. ZeroHedge News reported today that U.S. banks are experiencing more runs on deposits. Pam Martens of Wall Street on Parade addressed the current "credit crunch" that was revealed this week with the release of the Federal Reserve's "Beige Book" report. Almost everyone now in the corporate news media financial sector is admitting that the U.S. Dollar's decline is a foregone conclusion in the future. The only question left is, how quickly will it collapse? Alasdair Macleod of Goldmoney has written the best analysis of the current U.S. Dollar situation that I have read so far, and it was republished on ZeroHedge News as well. This is a bit of a long read, but it is well worth it to understand what is probably in store for the U.S. Dollar in the future, as he tackles the question: "How quickly will the dollar collapse?" If you want a spoiler statement from this article, it would be this: "Assuming that foreign holders reduce their dollar exposure and at the margin buy renminbi (Chinese currency), the fall in the dollar relative to the renminbi could be unexpectedly sudden and substantial."

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