Dismantling Dollar Dominance… BRIC by BRIC.

The Unit… on Deck? How is Bitcoin Signaling Early-October Low??

Bretton Woods & the 80-Year Cycle of ‘War’.

Is Dollar Low (Paradoxically) Imminent?

09-29-24 - “The Dollar Index, on a technical (chart-based) basis, produced a convincing negative signal on the monthly charts at the end of August.? As is usually the case with technical analysis, it provides the early warning signs, the trigger signals, and often the confirmation signals… before the fundamentals materialize.

Throughout the 2010’s and early-2020’s, multi-year, multi-decade & multi-generational cycles had forecast a major top for the US Dollar to take hold in late-2022/early-2023.?

It did exactly that!?

Chart-based sell signals were triggered in late-2022 and were followed by a ~20-month topping phase that was finally confirmed on August 30, 2024.? Now comes the ‘reality’...

October Surprise?

Election years are historically known for an ‘October Surprise’.? It is similar to the Olympics, arriving every 4 years… often to much fanfare.?

In 2016, that was believed to be James Comey’s announcement that the FBI had reopened the investigation into Hillary Clinton’s emails and email server.

Prior to that, also in October 2016, the ’Access Hollywood’ tape was published… so there were two competing surprises.

In 2020, President Trump tested positive for Covid, which may or may not have had an impact.?

In October 2024, [reserved for INSIIDE Track subscribers]…

However, there is one October event that could be used for campaign fodder by either party and - if it unfolds in line with current expectations - would have a powerful, confirming impact on the US economy for years to come…

(m)Bridge to… Everywhere?? CBDC

On October 22 - 24, 2024, the BRICS nations will meet in Russia for their annual summit.? A lot of speculation is that they will announce the introduction of ‘the Unit’ - a gold-backed pseudo-cryptocurrency (not exactly one) to compete with the US Dollar for global trade.

While that speculation is running rampant, and the reality - at least right now - will likely not meet the hype, it is another ‘BRIC’ in the wall being slowly erected around US global hegemony.?

At the core of every development are China and Russia.

Another related development is the viability of Project mBridge - a multi-central bank digital currency (CBDC… not to be confused with CBDs that were all the rage a few years ago) between China, UAE, Saudi Arabia, Hong Kong & Thailand… with 31 observing members waiting in the wings.

The handwriting is on the wall.?

The US Dollar has been weighed & found wanting… an eerie similarity to the Babylonian Empire in the book of Daniel.

Two Are Better Than One (Synergy)

Similar to that ancient time, when the Babylonian Kingdom was overtaken by the Medes and the Persians, it is a pair of nations - China & Russia, along with a host of allies - that are steadily chipping away at Dollar supremacy… and nothing is likely to derail that forward momentum.

Ironically (though not really when you consider a typical ‘buy the rumor, sell the news’ reaction), the charts are showing that the US Dollar Index is nearing a multi-month low as Gold is poised to set a multi-month peak…

In either case, the Dollar is still in the early stages of what is likely to be a multi-year decline.?

At the same time, Gold - one of the best vehicles by which to assess the true value of the Dollar - is in the 9th year of a major advance (since its low in late-2015) and the 2nd year of a corroborating advance that began in late-2022.?

In both cases, those advances could last into 2027/2028.

40 & 80-Year Cycles of Currency War

As explained before, 2024 is a momentous time for the US Dollar and global foreign exchange… at least from a cyclic perspective.?

The Bretton Woods Agreement was forged in 1944, in the midst of World War II.? It was the first negotiated monetary union… an archetype of agreements to come.?

This one had Gold at its core and the US Dollar as the ultimate ‘facilitator’.? And, it was the latest phase of a 40-Year Cycle and an 80-Year Cycle - both of which had/have dramatic impacts.

1944 was 80 years from the Coinage Act and Banking Act of 1864, which was 80 years from the founding of the Bank of North America and establishment of the first mint in 1782/1783.?

The 40-Year & 80-Year Cycles tied together decisive moves in America’s currency devolution and central banking ‘evolution’. The 1864 Banking Act established key federal banking laws that would last until the creation of the Federal Reserve.?

That 1864 Act also included the key criteria for ‘establishing a national banking association’.? It ushered in the beginning of the ‘national banking era’… that continues to the present… 160 years later.?

2024 ushers in similar centralized banking cycles… on a global scale.

(Gold?) BRIC by BRIC

BRICS nations are pushing to unify other nations against US Dollar supremacy and provide more monetary freedom for bilateral trade agreements.

1784 began an era when coordinated banking and a gold-backed currency were codified into the governance of the 13 US Colonies.? 80 years later...

1864 began an era of national banking associations in the US - reacting to critiques about a highly ‘inelastic currency’ throughout the nation.? It would begin the subtle transition away from Gold.?

1944 began an era of unified global banking (the IMF & World Bank were created at that time) and currency coordination that was originally (for the first ~30 years) based on Gold.? Gold was the basis for the US Dollar and the other global currency values were pegged to the US Dollar.?

All that came to a screeching halt when Nixon ‘shut the gold window’ in 1971.? That led to the abandonment of Bretton Woods in 1973.?

2024 is 80 years from the start of that gold-based global monetary ‘union’.?

2024 is also 160 & 240 years (80-Year Cycles) from major events in the evolution of a national and then international currency & monetary union.

2024 could time a dramatic shift for Gold, the US Dollar, and/or the global monetary order.?

Based on the Dollar/Gold relationship, the US Dollar has been in a downtrend since October 2023… on a slightly larger scale since October 2022… on a modestly larger scale since December 2015… on an even larger scale since October 2008… and on a major, multi-decade basis since October 1999.??

Will October 2024 time another dramatic shift?...

The Dollar Index remains in negative territory, maintaining its monthly downtrend (that projects an ultimate drop below the July 2023 low) for over a year and corroborating that by turning its intra-year trend down and fulfilling the latest phase of a textbook monthly 21 MAC reversal signal.

That monthly trend indicator is what helped pinpoint the Oct 2023 secondary peak.? It is also what helped time - along with a recurring ~5-month cycle - the May 2024 high, the ‘2’ of ‘C’ wave peak.?

The latest phase could produce a low in October 2024.

The chart on page 8 illustrates that 21 MAC sequence as well as the ongoing wave perspective.? This powerfully corroborates the overall outlook for 2024 - 2026 and arrives just before a closely-watched meeting of BRICS nations…

The monthly charts favor a low in October ‘24 followed by a secondary peak in 1Q 2025, ideally in January ‘25.? That could then usher in a sharper decline into [reserved for subscribers].

There is a lot more to this scenario that will continue to be addressed and analyzed.? It reinforces the decisive role the US Dollar is projected to play throughout the entire US economy and in diverse markets (and why a new bout of inflation could be seen in 2025/2026).”? ?-- October 2024 (9/29 - 9/30/24) INSIIDE Track

The Dollar Index is poised to set a decisive low in October 2024. ?Daily cycles projected a low on September 27th or 30th, reinforcing those larger-magnitude cycles.

At the same time, Bitcoin is producing some intriguing signals that could lead to a sharp move in October.

Impending INSIIDE Track publications will be updating all of this and more.

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Specific analysis, targets, cycles & projections will continue to be published in related Weekly Re-Lay & INSIIDE Track publications.

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