(Natural News)—The Bretton Woods Agreement of 1944, which involved representatives from 44 nations, established a system through which a fixed currency exchange rate could be created using gold as the universal standard. It made the dollar a superpower. Its two major accomplishments were the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), commonly known as the World Bank.
However, capital immobility hindered trade among countries. Since encouraging free trade was one of the initial goals of the system, it was undermined by capital immobility, leading to the collapse of the Bretton Woods system.
The Burning Platform‘s economic and political writer Brandon Smith recently warned: “Think of world reserve status as a ‘deal with the devil.’ You get the fame, fortune, trophy dates and a sweet car for a while. Then one day the devil comes to collect and when he does, he’s going to take everything, including your soul. Unfortunately, I suspect collection time is coming soon for the United States.”
According to him, the Department of the Treasury understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades. Of course, the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation, he added.
As a result, the cash ended up in the coffers of foreign central banks, international banks and investment firms. Sometimes it is held as a hedge or bought and sold to adjust the exchange rates of local currencies. As much as 60 percent of all U.S. currency and 25 percent of the national debt is owned outside America.
The current problem is that the Fed is overprinting dollars that it stows currency, but it has time constraints. Eventually the effects of overprinting “come home to roost.” And it may take a brand-new Bretton Woods-like system that removes the dollar as the global reserve currency and replaces it with a new digital basket system like the IMF’s Special Drawing Rights (SDR) currency.
Lately, international banks are already expressing a shift from a dollar-based financial world to using a central bank digital currency (CBDC)-focused system built on unified ledgers. This will place the IMF as the middleman controlling the flow of digital transactions. (Related: IMF “working hard” on new global CBDC platform to replace dollar and other national currencies.)
“We could end up in a world where we have connected entities to some degree, but some entities and some countries that are excluded. And as a global and multilateral institution, we’re sort of aiming to provide a basic connectivity, a basic set of rules and governance that is truly multilateral and inclusive,” the IMF noted in a discussion on centralized ledgers in 2023.
Former White House economist says BRICS could swing an “economic wrecking ball” at dollar dominance
Thanks to BRICS, a bloc comprising Brazil, Russia, India, China, South Africa and, as of 2024, new members Egypt, Ethiopia, Iran and the United Arab Emirates, an economic wrecking ball could be swung to break dollar hegemony, especially since the bloc has been gaining more influence and growing its size.
This was according to former White House economist Joe Sullivan. In a recent op-ed for Foreign Policy, he pointed to mounting fears that BRICS nations could create a currency to rival the U.S. dollar in international trade. Though BRICS officials have said there is no such rival currency in the works, the group could pose a threat to the greenback based on its growing influence, Sullivan warned.
Now that Egypt, Ethiopia and Saudi Arabia already joined BRICS, they could influence over 12 percent of all global trade. That’s because those three countries surround the Suez Canal, a key passage for goods to flow into international markets.
The economist further said that BRICS has major sway in commodities markets. Saudi Arabia, Iran, and the United Arab Emirates are among the world’s top exporters of fossil fuels. Brazil, China, and Russia, meanwhile, are major exporters of precious metals.
Saudi Arabia’s joining could give BRICS a major advantage. The Middle Eastern nation owns over $100 billion in U.S. Treasury bonds, which has helped bring BRICS’ total holdings in the Treasury over $1 trillion, Sullivan further stated.
“The BRICS+ nations do not need to wait until a shared trade currency meets the technical conditions typical of global reserve currency before they swing their newly enlarged economic wrecking ball at the dollar,” he added.
Sound off about this article on the Economic Collapse Substack.
DollarDemise.com has more stories on the death of the dollar. Watch the video where Andy Schectman talks about economic Armageddon, forced CBDC and BRICS. This video is from Sarah Westall’s channel on Brighteon.com.
More related stories:
- IMF says SEIZURE of frozen Russian assets must have sufficient legal support.
- IMF hints that countries will soon be able to repay debt using Chinese YUAN currency.
- Move over USD: Argentina uses Chinese yuan to settle IMF debt.
- IMF unleashes Unicoin, a new global CBDC intended to enslave the entire planet under a one world digital currency.
Sources include:
- CorporateFinanceInstitute.com
- TheBurningPlatform.com
- Expose-News.com
- Markets.BusinessInsider.com
- Brighteon.com
Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.