Responding to a video highlighting several news stories speaking on BRICS de-dollarization, ex-US Military General Mike Flynn issued a major financial warning. Indeed, Flynn called on American citizens to “pay very close attention to this financial shift.” Thereafter, he noted that the government’s “incompetency” would make the transitionary process a difficult one.
The video showed clips of news reports from Fox Business and others discussing the downfall of the US dollar. Specifically, FedEx Founder Fred Smith said that the BRICS collective has “set out on a deliberate court to dethrone the dollar.” Moreover, Matthew Piepenburg of Matterhorn Asset Management described the de-dollarization process as “death by 1,000 cuts.”
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BRICS De-Dollarization Leads to Massive Warning From Former US General
Throughout the last year, the BRICS economic alliance has grown profusely in its prominence. Indeed, the alliance has sought to increase its unilateral strength. Moreover, as a byproduct of Western sanctions on Russia, and fear of similar action on allied countries, the bloc has set out to greatly weaken the US dollar on an international basis.
Those efforts, combined with America’s growing debt and fragile economy have equated to the perfect storm. Subsequently, many have expressed concern over the greenback’s status, and what that could mean for the country. Among those speaking of BRICS de-dollarization, ex-US military general Mike Flynn has issued a major financial warning.
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“Everyone needs to pay very close attention to this financial shift,” Flynn said of BRICS de-dollarization. “The incompetency of the fed and those in the federal government will make this an easy transition.”
Perhaps the most harrowing quality of the statement is the sureness of the US Dollar’s fate. Flynn voiced concern over the shifting reserve standing of the greenback not as a possibility, but a near certainty. Moreover, he echoes the same sentiment of Fred Smith, who noted that a de-dollarized global economy would make contemporary living standards “a thing of the past.”
as previously stated, the dollar is entrenched in the perfect storm. Not only has the greenback become less prevalent internationally, but the US economy is continuing to increase its debt. Specifically, US debt has surpassed the $34 trillion mark. If the country is unable to sell its bonds due to continued global shifts, it would spell disaster. One that will be immensely difficult for the current iteration of the country to navigate.