The Collapse of the Fiat Dollar and the Coming Shift in Global Power

India’s current government is impatient with the West’s slow approach to reforms, especially within the United Nations (UN). According to recent updates, India plans to host the Global South Summit, aiming to build a new platform that excludes the West and favors a more democratic, cooperative world order.

The UN reforms deadline passed in December 2022, and now India faces a cooling period until 2028, even for non-permanent membership in the UN Security Council. This signals a loss of relevance for the UN, as major powers like India, Russia, and China skipped the 2022 UNGA, downgrading participation to foreign minister level.

Now, India, China, and Russia are expected to push other countries to avoid the UN as well. The West, especially the US and UK, missed their last chance to collaborate with rising powers like India.

A global shift is expected once the Fiat dollar collapses. The BRICS+ group is preparing to launch a commodities-backed currency, which could replace the dollar and euro in global trade. Once Asia and the Gulf stop accepting Fiat currencies for oil and goods, global institutions like the IMF, World Bank, and UN could lose their grip.

This could lead to serious economic trouble for Western countries. Socialist benefits like Medicaid, retirement plans (401K), and income support may vanish. Western citizens may then react angrily, blaming Asian immigrants for the economic fallout.

There’s a possibility of riots in US states like Texas, Florida, Pennsylvania, and California. Skilled Asian workers could face street-level backlash despite being valued by companies. Many NRIs and Asian professionals might return home due to safety concerns.

The collapse of the Fiat system, which began after the 1971 unpegging of the dollar from gold, could also lead to a massive loss of unneeded service-sector jobs. This may favor the Native American population, who may return to traditional, local enterprise models.

The social structure may shift toward joint family living, as low-interest loans disappear and credit card debt becomes unaffordable. Already, many youth live with their parents post-pandemic—this trend will increase. The Western ideal of privacy and nuclear families will likely fade.

With the bursting of this debt-based bubble, society might move back to traditional values and simpler lifestyles. The upcoming economic rebalancing will be global, social, and deeply personal.


Popular posts from this blog

The Facade of Power: Unraveling Body Doubles, De-Dollarization, and Global Shifts

The Dollar, Proxies, and the Changing Global Order

Revolutionary Reforms: Holding Leaders Accountable and Shaping India's Future