🔥1st Jan, 1999, EURO currency was launched as 1st ever De-dollarization attempt.
24th March to June, 1999 US fooled NATO to bomb Yugoslavia to bring EURO valuation down.
🔥US panics as there is now an urgent need to cook up some ponzi scheme to infuse printed $ in the IT sector.
🔥12th Nov, 1999 Gramm-Leach-Bliley Act brought to repeal the Glass–Steagall Act requirements of keeping investment banking separate from commercial banking
🔥Mar, 2000 Dot com bubble peaks IT valuations
🔥EU reduces parking of excess/savings in US treasuries & play USD-UST cycles to keep the US dollar going.
🔥Dec, 2001 US brings China in WTO as a revenge
🔥Oct, 2002 Dot com crash with 78% fall from peak valuations for the IT sector.
🔥Cut to today, de-dollarization means USD-UST cycles will stop as dollar is ousted from bilateral trade. After which the IT sector collapses along with Realty sector in China.
These 2 places is where the past Reserve currency bubble has accumulated.
Swiss National Bank which is itself in massive losses of 132 billions talking to - #CreditSuisse with the help of continuous secret swaps from the #FederalReserve to give 54 billions 🤣
💥 West while giving ranking & index to Asian economies & entities - 😂
European Union to Federal Reserve on printing another 2 trillion dollars 🤣
De-monetisation has always happened with Gold & Silver ONLY
Let me take you all to the journey of why Western economies & currencies will collapse.
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There was an era of copper, gold or silver metal coins.
Rulers did frequent de-monetisation to collect all precious metals like Gold & Silver coins, then issue cheaper metal coins (fiat currency), then re-issue few precious metal coins, again de-monetise.
Kings made Wealth!
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Aristocrats hit upon the idea of passively investing in others' businesses to stay rich without having to do anything. Capitalism was born - imposed on colonies.
Kings gave special rights/areas to conduct business. No competition in exchange of loyalty money/share to King.
💥PM met & greeted Xi Jinping after Doklam & Galwan, but not at SCO (also went LATE for the SCO Summit)
💥PM congratulated Xi Jinping on 2nd term in 2017 after Doklam, not yet this time in 2022 for the 3rd term.
💥No official PRIOR opposition to Dalai lama ladakh stay & celebrations.
💥Statement from China - We support G-20 (after ladakh & Kashmir venue additions for meetings).
💥LAC air intrusions by China after March, 2022 Wang yi visit - really? Pics of forces playing cricket?
💥Mar, 2022 Unannounced visit of Wang yi (after MEA slammed his kashmir comment in OIC)
💥Jaishankar rude to Wang. No handshake for pics with flags behind. No Jt. Conference. Cribs that Wang didn't invite to FM meeting in China (w/o media asking abt it)