Blueprint for Replacing the Global Reserve Currency
| Phase | Action | Mechanism | Current Examples | Challenges |
|---|---|---|---|---|
| 1. Create Alternatives | – Develop new reserve assets (e.g., BRICS currency, gold-backed tokens) – Expand IMF SDR usage |
Reduces USD dependency in central bank reserves | BRICS discussing common currency China promoting SDR |
Lack of trust in new systems |
| 2. Force Commodity Trade in Non-USD | – Price oil/gas/food in alternative currencies (e.g., Yuan, Ruble) – Create commodity exchanges outside Western control |
Weakens petrodollar dominance | Russia/China trading energy in Yuan/Ruble India-UAE oil trade in rupees |
US sanctions retaliation |
| 3. Build Parallel Financial Infrastructure | – Establish SWIFT alternatives (e.g., CIPS, SPFS) – Launch digital currency systems (CBDCs) |
Enables sanctions-proof transactions | China’s CIPS (Cross-Border Interbank Payment System) BRICS Pay digital system |
Limited global adoption |
| 4. Form Strategic Economic Blocs | – Expand BRICS+ membership – Local currency swap agreements |
Creates self-sufficient trade ecosystems | Saudi Arabia, Iran joining BRICS China-Russia $200B+ local currency trade |
Bloc cohesion issues |
| 5. Weaponize Trade Deficits | – Target countries holding excessive USD reserves – Offer debt relief in exchange for currency diversification |
Forces USD liquidation | China dumping US Treasuries Zambia’s Yuan debt restructuring |
Risk of dollar collapse chaos |
| 6. Trigger Loss of Confidence | – Accelerate US debt crisis – Promote narratives of dollar instability |
Encourages global flight from USD | BRICS gold accumulation De-dollarization rhetoric at UN |
Potential global recession |
| 7. Institutionalize the New Standard | – Make alternative currency IMF-recognized – Enforce usage in global contracts |
Locks in new reserve status | Yuan in IMF SDR basket New development bank standards |
Western institutional resistance |
Key Strategic Requirements
✅ Critical mass of major economies (China + BRICS + EU dissenters)
✅ Commodity backbone (Energy/minerals traded in new currency)
✅ Military deterrence (To prevent US intervention)
✅ Time horizon: 10-20 year transition
Historical Precedents
-
GBP → USD Transition (1920s-1944): Took 25+ years, required two world wars and Bretton Woods
-
Potential USD → Yuan/BRICS Transition: Currently in Phase 2 (commodity pricing shift)
Fiat currency
- If enough force is applied and if people have enough confidence in it, it will circulate.
- Until people lose confidence in it.
- Currency is used as money by political decree.
- Thereafter, the value of currencies are measured only in relation to each other.
Mmt – Currency is sovereignty
- Attack the oligarchy
- Tax the corporations
- 1. Incentivises them to spend on people instead of the government.
- 2. Incentivizes behaviour and more productive outcomes
- 3. Incentivises research and development.
- Food, energy, tech sovereignty
- Material Progress => Human Development Greed => Generosity. Competition => Cooperation Individualism + Hedonism => Social Responsibility.
- Markets and economies are governed by rules set by governments. And big corporations in the West.
- Economics is a social science, not a physical science
- They are wealthy because of the rules of the game and not hard work.
- Political donations are not free speech but legalized bribery. Political parties have become giant fund raising machines. They use the money to get elected and reelected
- The free market is not fair. Each change in laws has made the rich richer and the poor poorer. Banckrupcy and bailouts favour the corporations, but not the workers.
- International trade is good for everyone. Global trade is not natural, it is structured by rules decided which assets will be protected and which will not.
- Trade deals protect the West from local laws.
- Taxing the rich is socialism. The rich are on corporate welfare programs and the poor get pink slips. Government spending is used on the wealthy instead of the poor.
- Corporates need tax cuts and profits to create jobs. Jobs are created by spreading the wealth and more middle class people spending money on goods and services, creating more demand for goods and services amd thus creating jobs.
- Unions are getting smaller and weaker. We need stronger unions that can bargain for higher paying jobs.
- Inflation is caused by too much government spending and wage increases. Many industries are monopolized – Meat, Airlines, pharmaceuticals, groceries. We need more competition. The government raises interest rates and that kills jobs. Break up monopolies with laws.
- Unconditional growth is good. Treat the earth like everything else, a limited resource. Target sustainable rather than growth.
- Life expectancy has dropped for the poor, because income and wealth has a direct effect on health and longevity. They suffer from economic stress and have taken to opioids.
- Government debt is not a problem, as long the debt is it’s own currency.
