Iran confirms working with Russia on CBDC, tokenized assets for payments
https://www.ledgerinsights.com/iran...russia-on-cbdc-tokenized-assets-for-payments/
JUST IN: Elon Musk says the dollar "will be worth nothing" if the US doesn't do something about its national debt.
The fight to dethrone the dollar
Attempts to challenge the dollar have only strengthened its dominance
https://www.economist.com/special-report/2024/05/03/the-fight-to-dethrone-the-dollar
These wars and rumors of wars that we are seeing and hearing are all about the dollar.
There are several major issues. One is what is seen as America bullying other nations and the other is the US debt.
For some countries, perhaps a very significant minority, they fear the US weaponization of the dollar will impact them. Russia, Iran, and Brazil are three main countries that have expressed this concern. BRICS represents about 40% of the world's GDP so it is by no means an insignificant trading block or threat. However, instead of causing the US dollar to depreciate it is causing it to appreciate as everyone in the West flees to the dollar as a source of safety. This only exacerbates the economic woes of these countries since they must trade in US dollars and their currency is being devalued.
The second major issue is debt. Yes, US debt is unsustainable, but all the countries are guilty of a lack of fiscal responsibility. It is like looking at this great mansion, from the distance it looks magnificent, but when you get inside you discover every single room in this mansion has problems. There are leaks, termites, settling, cracks in the foundation, beams that must be replaced, rotten wiring, leaky pipes, etc. The problem is much greater than the US going bankrupt, the problem is the entire economy and Central banks collapsing. Because of this there is an overwhelming pressure to go to CBDC's and the WEF just said that 98% of the Central Banks are developing plans to make this switch. There are many advantages to governments and investors with a CBDC, but the issue to the US is they would no longer be able to print money.
These are two very powerful factors: Greed and abuse of power that are pushing the world to war in order to replace "king dollar". For many of the countries the situation is so dire they cannot wait another year to resolve this, hence my conclusion that this will take place this year.