De-Dollarization - The End Of The Line - And The Eventual Return To The Gold Standard

The U.S. dollar has been the dominant global currency for decades, and many countries have used it as a preferred currency for international trade, transactions, and reserves. However, in recent years, there has been a growing trend towards de-dollarization, where countries seek alternatives to the U.S. dollar. This trend is driven by various factors, including the U.S.'s use of the dollar as a tool for sanctions and diplomacy, its large trade deficits and debt burden, and the rise of China as a global economic power.

6 April 2023 | Imran Siddiqui | Justice News | Washington D.C.

What is the U.S. dollar and What is it backed with?

The U.S. has been playing around with the “Dollar” since the 1700s, which resulted as a by-product of the U.S. Mint Act of 1792 and its subsequent implementation of the coinage system. The dollar has been redesigned multiple times over centuries until eventually it was robbed of its gold standard in the 1970s and is now backed with just “Debt”. Basically render…