Replies to post #18143 on First Mining Gold Corp (FFMGF)

[Implanting]

You make a very valid point about loans taken out in dollars having to be paid back in dollars. I hadn't heard that reason to date, but it absolutely makes sense.

As Mish's article stated the dollar's dominance has already been slowly eroding over time. IMO that erosion will just increase in speed going forward, albeit still much slower than probably many expect. The world is changing and unfortunately the U.S. is not as influential and necessary as it once was. That's the biggest reason why the dollar as a reserve currency's time is on the clock.

I just heard a woman on Charles Payne's biz show talking about the dollar. She made some good observations, a big one being that the Wall St. crowd is attempting to bury the notion that the dollar's dominance is in trouble. They want to fool the Sheeple into believing that will never happen and that the world will ALWAYS need dollars as the reserve currency. It's not hard to figure out why they want that.

She also mentioned that the drum beat will continue for everyone to hear and when the BRICS countries have this big conference in S.Africa in August they're going to clear up a
lot of questions that may still be unclear about their continued dedollarization.

Should be very interesting going forward.

[Implanting]

I thought about something else that really accelerated the recent cry to dedollarize from the BRICS countries. That of course was the sanctions that the U.S. hit Russia with when they invaded the Ukraine. What alarmed many of these countries is that the U.S. basically "froze" the dollars that Russia was able to use (before the sanctions) in the Swift payment system.
From what I read that amounted to the U.S. taking the dollars away from them.

So, here's the biggest reason China wants to get out of the dollars they're holding and to buy as much gold as they can accumulate. Why? Because what will the U.S. do to them if they chose to invade Taiwan? I think it's safe to say that one of the first things the U.S. does is to sanction them in ways similar to Russia. They may attempt to freeze their dollar holdings too.

What's that going to do to the world financial situation? I would expect there to be a shit storm caused over it and again it would be another very large nail in the dollar's coffin, as it
would just confirm to everyone how the U.S. is weaponizing the dollar.

I suppose something like that could engender WWIII? Needless to say many countries might run, not walk, out of their dollars if that happened.