“Seek Yahweh while He may be found. Call upon Him while He is near. Let the wicked forsake his way and the unrighteous man his thoughts and let him return to Yahweh, and He will have compassion on him. Turn to our Elohim, for He will abundantly pardon.”

Isaiah 55: 6-7

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Major Currency Changes are Taking Place Globally Mostly Under the Radar

Since I started SnyderTalk, I have been warning my readers that countries like China, Russia, and Iran are very unhappy about the U.S. dollar being the dominant “global reserve currency.”

See “The U.S. Dollar as the World’s Dominant Reserve Currency.”

Even more important, though, the U.S. dollar is the global currency used for oil transactions. It’s called “the petrodollar system.” Every country buying or selling oil must stockpile U.S. dollars to make transactions. That includes every country in the world, since every country uses and/or sells oil.

Even our enemies must stockpile dollars. That helps the U.S. economy significantly. Iran, for example, produces a lot of oil and sells it on the global market. Iran is an enemy of the U.S., but it must stockpile dollars to engage in oil trade.

See “Understanding the Correlation Between Oil and Currency.”

Since Russia invaded Ukraine and the U.S. and Europe started applying more and more restrictive sanctions on Russia, Russian oil and gas exports in particular, the relationship between the dollar and oil has become increasingly important and problematic. As the world’s second largest oil exporting country, Russia has searched for ways to get around those sanctions. Already, Russia has reached agreements with Iran, China, and Turkey. See the articles below:

Now, more emerging countries around the world are applying for membership in the BRICS nations: Brazil, Russia, India, China, and South Africa. They plan to establish a global system for trade that bypasses the U.S. dollar. That raises serious doubts about the petrodollar system that was put in place in 1945 at the end of World War II and the dollar as the world’s top global reserve currency. The uncertainty in the market brought about these changes has led to gold hoarding by country central banks and other institutions in anticipation of possible mega changes to come.

See the video below:

Eleven years ago, I talked about this problem in two related videos. See the videos below:

Video 1

Video 2

The point I want to make today is that the problems I talked about 11 years ago are rapidly taking center stage globally. If you have not thought about these issues before, now is the time to acquaint yourself with the facts.

I am not a goldbug, a commodities hoarder, or a financial advisor. But like Bob Dylan said in his song Subterranean Homesick Blues, “You don’t need a weather man to know which way the wind blows.”

As a world, we are spiraling toward an uncertain future that threatens to undermine every safeguard that was put in place at the end of World War II to maintain global political and economic order. That uncertainty produces lots of negative consequences.

A Warning to U.S. Citizens

This is a warning to most U.S. citizens who are largely ignorant about the advantages our country has had since the end of World War II, because the U.S. dollar has been the dominant global reserve currency for almost 70 years. The wild inflation that other countries around the world have been experiencing for a while may be coming to our country soon. If it does, there will be gnashing of teeth and violence in the streets like nothing anyone alive today has ever seen.

The people in our country are not prepared to deal with the problems that have been plaguing other countries around the world for quite some time. Saying that people in our country are soft is an understatement.

Fasten your seatbelts, because this promises to be a bumpy ride. I am positive that I will have a lot more to say about this in the days ahead.

The TRIC Countries

Now that you know what the BRICS countries are, I want to introduce you to the TRIC countries. I coined that term several years ago to identify the countries that I think will lead the charge globally to topple the United States from its position of world leadership and dominance. They are Turkey, Russia, Iran, and China.

Have a blessed Thanksgiving, and enjoy spending time with your families.

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“I am the good shepherd. I know My sheep and My sheep know Me — just as the Father knows Me and I know the Father — and I lay down My life for the sheep. I have other sheep that are not of this fold. I must bring them also. They too will listen to My voice, and there shall be one flock and one Shepherd. The reason My Father loves Me is that I lay down My life — only to take it up again. No one takes it from Me, but I lay it down of My own accord. I have authority to lay it down and authority to take it up again. This command I received from My Father.”

John 10: 14-18