Wednesday, October 30, 2024

2025 AD , The Crash of the US Dollar .

2025 AD could bring the undoing
of the US Dollar , it doesn't 
Matter who wins the election , or
who is President . It's
going to Crash .
NOW right we have more changes unfolding in the US economy and with the future of the US dollar changes that have some of the largest US Banks coming out on Friday and sending a not so subtle warning about what to expect post election regardless who wins in November they say start preparing for US dollar debasement and reflation because it's coming regardless what Trump does or even what Kamala . STILL ECONOMIC DOOM!  & 
this all comes back to the source of all of these problems is the excessive government spending and buildup of our Monumental pile of debt big government well wait till you see what happens after the election the markets have been hedging for this for this scenario for months.  US banking collapse is coming folks it's been bubbling under the surface for months and bricks in Russia last wee meeting with heads of state from China from India Saudi Arabia South Africa and 17 other nations Vladimir Putin and Xi Ping working toward this for years this shared goal Putin and China working on this project for decades now to Dethrone the US dollar that's what this Summit was all about Russia and China building this new global payment system to defeat the dollar to neuter the US government's ability to issue sanctions. 
Obvious....isnt it? With 100 trillion debt,( including student loans and mortgages) NATO money laundering, printing tons etc? Changing the driver of a broken down bus wont change anything.  The U.S. dollar has served as the world’s primary reserve currency since the end of World War II. Under the 1944 Bretton Woods agreement, member states initially fixed their currencies to the dollar, the value of which was tied to gold. This brought stability to the global economy after the war. In 1971, however, the Nixon Administration abandoned the gold standard, unsettling the international economy by threatening to undermine the value of the dollar and the reserve holdings of many countries.NOW  corporate media of course highlighting the trade deals and diplomatic relations side of the uh side of the summit but make no mistake about it people this meeting was all about dethroning the US dollar cutting off the US government's ability from issuing sanctions about protecting themselves these other countries against a US Administration that can single-handedly cut off 70% of trade to another Nation arbitrarily with the swipe of a pen which we currently have the ability to do between the power of the US dollar being the global Reserve currency combined with the Swift payment system which is overseen and controlled by who the central banks of the G10 countries it puts the us as the preeminent world power hands down regardless how big China's economy gets the power still resides within the BRICS . Trump's threat to punish countries that drop US dollar will speed up de-dollarization.  One of the most fundamental conditions for the US dollar hegemony is the fact that most of the import/export in the world are done in USD, and for many countries this means that they lose part of their coinage, because they pratically use USD as their money. By using the BRICS money those countries could avoid that loss of sovereignty. So basically it's like an un-weaponized USD. That is, of course, if the BRICS money truly is what we'd like to believe it is and not having backdoor mechanics to allow major players to "mess" with it, making it pratically another USD. There are very few options outside of the dollar. No one wants RMB because it's a closed currency, nor rupees because its a small market with limited manufacturing. That leaves the Pound and Euro as a potential replacement, both of which happen to be under the US defense umbrella. So why use Euro or Yen when you can instead use the reserve currency of the country that protects them military and as such calls the shots more politically. Make no mistake the subsidization or European amd Japanese defense at the hand of the US defense apparatus is an exchange. They get free defense, which results in them being able to fund their generous welfare schemes and the US gets the final say in diplomatic issues. This is why Trump is destructive, as he doesn't understand this 80 year post Bretton Woods arrangement. Though even if Trump gets reelected it still won't change much, as USD would remain the least bad of a list of much worse options. No crypto using the block chain will not replace it, nor a group BRIC currency basket, as it's too complex for international business dealings as it slows convertibility and is more susceptible to currency Arbitrage. The only risk to USD would be if China completely opened its currency, land, and markets to foreign investment and speculation along with a complete remodeling of its legal system to make the country more investment friendly. That would pose a serious risk ti US dominance, but this will never happen, as it would weaken the power of the CCP, which is a no go in China. A completely open Chinese system with similar rules of law, land ownership rights, and speculation as seen in the United States and the Commonwealth countries would be a worthy opponent to USD currency hegemony. The US dollar is already lying in a rather precarious position in recent days, and was previously at rock bottom based on the severe recession a couple of months before. However, with inflation levels back to nominal lines, it is trying to stabilize for the time being. However, Schiff is of the opinion that a major dollar crisis could be on the cards, that could send the US economy crashing .  Losing the world reserve currency would probably be the best thing to happen to the USA we have totally abused this privilege and our government has lived way beyond its means for years both parties are 100% responsible , it will be very painful for a number of years and will force politicians to be accountable to the American people.