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De-Dollarization Bombshell: The Coming of BRICS+ Decentralized Monetary Ecosystem — Pepe Escobar UPDATED

Summary:
Footsoldier posted this in the comments. I am promoting it to a post. So-called de-dollarization is envisioned to happen in two major steps stages each with many incremental iterations. The first stage stage is conducting bilateral trade in the currencies of the trading partners. This is already well advanced. However, this is not actual de-dollarization, which is the establishment of a competing monetary system with a goal of eventually replacing the USD as the primary global currency. No one thinks that this will happen quickly and without growing pains, or without Western opposition. But it is a stated goal rather than simply an aspiration. The Unit plan is now on the table.Sputnik GlobeDe-Dollarization Bombshell: The Coming of BRICS+ Decentralized Monetary EcosystemPepe EscobarSee

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 Footsoldier posted this in the comments. I am promoting it to a post. 

So-called de-dollarization is envisioned to happen in two major steps stages each with many incremental iterations. 

The first stage stage is conducting bilateral trade in the currencies of the trading partners. This is already well advanced. 

However, this is not actual de-dollarization, which is the establishment of a competing monetary system with a goal of eventually replacing the USD as the primary global currency. 

No one thinks that this will happen quickly and without growing pains, or without Western opposition. But it is a stated goal rather than simply an aspiration. 

The Unit plan is now on the table.

Sputnik Globe
De-Dollarization Bombshell: The Coming of BRICS+ Decentralized Monetary Ecosystem
Pepe Escobar

See also

Pepe waxes philosophical here. 

For some reason there is increasing interest in Stoicism right now.  

The most prominent Stoics were Marcus Aurelius, emperor of Rome, and Epictetus who was born into slavery. That pretty well covers the spectrum.

Those wishing to up their mental game may profit from reflecting on the Stoics.

Strategic Culture Foundation (sanctioned by the US Treasury Department)
Pepe Escobar

UPDATE

A new order may be in the works already. (The Economist)

Moon of Alabama
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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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