China, Brazil Deal Leading To Dollar Collapse?

Above, better start investing in precious metals in case of a dollar collapse.

The leftist government of Brazil and Communist China have struck a deal on Wednesday to ditch the U.S. dollar in trade transactions. The Saudis may also be involved.

According to Fox Business:

Brazil and China have reportedly struck a deal to ditch the U.S. dollar in favor of their own currencies in trade transactions. 

The deal, announced Wednesday, will enable China and Brazil to carry out trade and financial transactions directly, exchanging yuan for reais – or vice versa – rather than first converting their currencies to the U.S. dollar.  

Some are saying that if this trend continues and other nations join in on ditching the dollar, it could lead to a collapse of the greenback and lead to a new U.S. currency, controlled by you-know-who.

That is one reason why silver is pushing $24/toz spot price.

According to Monex:

The Biden administration say the banking industry is "just fine", while other see the bank crisis is "only just beginning." Glenn Beck discussed this on Tucker Carlson last night. To view the video, go here.

It would be prudent to look into investing in precious metals to protect one's financial health.

To read more, go here.