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Nostradamus X's avatar

.....“I certainly want to see the dollar remain as the world’s reserve currency, and there is a motivation that Russia and China have to try to develop another system that avoids the use of the dollar.”.....

She's lying as usual. If you do exactly the opposite of what politicians say, you'll be right at least 95% of the time.

Let me summarize what I know about the history of USD reserve currency.

1. The US operated without a central bank for centuries but the RKM forces had been trying to force the idea of a central bank through the Congress.

In 1913, many members of the Congress were more interested in their year end festivities preparations than in their congressional duties. The banking mafia used the opportunity to push the FED bill trough the Congress/Senate. That was the beginning of a nightmare.

2. The USD was a commodity currency for the US only. WW I and WW II were used to sell it to the world. After WW II, the US was the last man standing and all countries unanimously agreed to trust the USD pegged on Gold (Gold Standard).

3. In the 60s, the French realized that the US was benefiting from the reserve currency status and de Gaulle (French president) asked for their gold to be repatriated from New York.... And a CIA assassination attempt against him failed. The CIA was able to organize the 1968 revolt to get him out...

Color revolutions didn't start in Georgia, Ukraine, etc... It's a CIA playbook. Look at what they did to Aldo Moro.

4. By 1971, the US realized that it was impossible to have enough gold to cover the expenses of their military adventures around the globe. By then, they had already been in Korea (~3million dead - 1953) and bogged down in Vietnam (~2 million dead. 1955-1975).

5. So, the Gold Standard had to go. The problem was now how they'd convince other countries to digest it. Prof Michael Hudson published the first version of Super Imperialism in 1971 and guess who was interested in it? The Pentagon! He was contracted to analyze the implications of Nixon's decision to drop the Gold Standard. Hudson was told that the US was going to use the army power to IMPOSE the new fiat to the world.... And that's why you have 800+ US military bases around the world.

The main purpose of Bidensky is to force the world to continue using the USD! As simple as that. You may have heard a lot about the PetroDollar, but that's just one aspect of the puzzle. Who would not want to steal oil in West Asia in exchange for nothing in the 1970s?

As it stands now, the whole world is sick of the hegemon and there is no way the USD can be the major reserve currency for a long time - the Trust is broken!. I doubt about BOOM's 50-100 years prediction. That's way off if you see in the chart below that BRICS already control 31% of the global GDP and G7 less than 31%.

https://consortiumnews.com/wp-content/uploads/2023/03/Growth-disparities.png

What I think might happen is that the Euro is going to collapse after the catastrophe in Bandera Reich. The sanctions (Mother of all Sanctions!) boomerang on the EU is so powerful that I don't see how they can survive the consequences of their actions. Russia did nothing, they destroyed themselves!

With Russia doing business with the Global South in convertible Yuan, Saudi Arabia investing in China in Yuan and selling Oil in Yuan, Indonesia dropping Master Card/VISA and AMEX, India trading with Russia in Yuan/Rupee/Ruble, I don't see who can stop the ongoing storm. By 2030, I see the USD holding less that 50% of the global reserves market - they're currently at ~59-60%

The convertible Yuan is temporary until the BRICS currency is ready. They've been working on it since 2014.

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Rick Larson's avatar

Interesting report, no I won't read a 500+ page report, no I won't read 35 pages on crypto I don't play that game. It was interesting to note these celebrities having their claws pulled apart, I wonder if all the people who are in that space will be made to do likewise. A sham is a sham and governments pay some bills from shams (fines & penalties).

I would like to suggest dropping the US Dollar moniker as it was replaced by the Federal Reserve Note some time ago, which appears will be replaced by FEDNOW soon. I can see the fancy logo on my computer screen already along with: Settle your accounts NOW!

I recommend an ounce or two of gold laying about just in case of a rare worse case scenario, like the story of the bellhop who bought a large German hotel with an ounce of gold sort of thing (no FEDNOW allowance), but hoarding gold means one hasn't built up real assets that will, like, provide food.

Like an accurate shotgun with proper ammo to match the wild game could.

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