People are sharing these.
Posted on 03/02/2024 1:26:56 PM PST by delta7
KEY TAKEAWAYS Biden’s unprecedented freezing of U.S. dollars owned by a foreign central bank has fundamentally jeopardized the currency’s hard-won reserve status.
Janet Yellen dropped a bombshell last year, casually admitting that not only is de-dollarization happening, but Americans should expect more.
At a minimum, it’d be multiple years of double-digit inflation like we’re used to seeing in third world countries. At worst, it’d be a full-blown Weimar Republic.
America’s political establishment has less respect for the U.S. dollar than our foreign adversaries.
That was made clear when Tucker Carlson recently interviewed the Russian strongman President Vladimir Putin, who clearly articulated how the uniparty in Washington is destroying America’s greatest strategic and economic asset—her currency.
Last year, led by the chairman and ranking member of the relevant House and Senate committees, a bipartisan and bicameral bill was introduced that would hand another $300 billion to the Ukraine, this time in the form of the confiscated U.S. dollars owned by the Russian central bank and the Russian people.
There are now renewed calls for this measure as both the budget battle at home and the war in the Ukraine drag on.
Not during the Vietnam or Korean wars or at any point during the height of the Cold War did America do this to the Soviet Union. U.S. statesmen understood then, as our adversaries do now, that the dollar’s reserve currency status is among our most important global assets, both economically and strategically.
>>> The Decline and Fall of the U.S. Dollar
This steadfast principled commitment facilitated our post-war expansion of influence over global affairs and commerce, directed investment to the U.S., and kept inflation at bay by parking dollars as reserves the world over.
Eager to demolish this foundation of our global presence and dam that holds back inflation, the Washington uniparty is rallying behind the next step to gut the U.S. dollar.
We warned on this site before how Biden’s unprecedented freezing of U.S. dollars owned by a foreign central bank has fundamentally jeopardized the currency’s hard-won reserve status. In fact, it’s a main factor now driving dozens of countries away from what they see as a dangerous and unpredictable United States—countries now including France and Saudi Arabia.
Of course, China is eager to exploit these fears and welcome countries into its rapidly growing BRICS anti-dollar bloc.
After the Biden administration spent months scoffing at the mere hint of de-dollarization, Janet Yellen dropped a bombshell last year, casually admitting that not only is de-dollarization happening, but Americans should expect more—in her words, it’s “only natural” for countries to flee the dollar since the world is big.
In fact, countries are not fleeing the dollar because the world is big, they are fleeing because Biden made them question the U.S. dollar by using it as a political football where countries must grovel and obey Washington or risk having their national patrimony frozen.
Nations who disagree with Biden on abortion, homosexuality, fossil fuel use, etc. also run the risk of seeing their dollar reserves taken away. As if on cue, the Biden administration has threatened sanctions against countries with anti-sodomy laws such as Uganda.
This asset seizure bill would dramatically up the ante. If the U.S. is willing to not just freeze, but actually hand over a nation’s entire dollar reserves to another country, it confirms the worst fears of any country questioning whether they can count on the dollar or the U.S. at all.
>>> “Woke” Sanctions and Countries Abandoning the Dollar Will Ruin the World, Not Just U.S.
As more nations lose confidence in the dollar, they will sell their dollars. If enough countries do this, those trillions will come flooding home to America—essentially 70 years of deficits pouring in almost all at once.
This tsunami could set off an inflation the likes of which we haven’t seen in a century. Imagine the last three years of price increases put on steroids, amphetamines and covered in nicotine patches.
At a minimum, it’d be multiple years of double-digit inflation like we’re used to seeing in third world countries. At worst, it’d be a full-blown Weimar Republic replacing wallets with wheelbarrows for carrying around currency.
Such an economic catastrophe would, of course, take America off the world stage, not by choice but by necessity. The uniparty would have made their virtue-signaling gift to the Ukraine at the expense of America’s very standing as a world power.
The naïve calls for currency manipulation are a defiling of the dollar’s sanctity and an assault on people’s property rights. If the uniparty in Congress and the Biden administration push the issue much further, it will mean a long walk off a short pier into an ocean of misery for the American people.
I have to disagree as currency is digital now.
Thus saith the war criminal abettor
——“replacing wallets with wheelbarrows for carrying around currency.”
I have to disagree———
Me too. All you need is your I phone that that access to the electronic bank ledger where all your money exists. Currency is obsolete
“Thus saith the war criminal abettor”
Sounds like you have me mixed up with someone else - I DO NOT support or ‘abet’ Ukraine.
Note that this is from BBC - Ukraine bombs Russian Market:
“At least 27 people have been killed in a shelling attack in the Russian-held city of Donetsk, the Moscow-installed leader of the region says.”
https://www.bbc.com/news/world-europe-68047144
But for some good news - Russia caught many of these Ukrainian WAR CRIMINALS when they got trapped in Avdeevka during the Russian liberation of that city. And now with Russian advances, terrorizing the City of Donetsk is getting more costly for Ukraine, as they have to expend longer range weapons.
No, you abet the Russian and now Hamas war criminals.
Russia announced support for Hamas
“Russia announced support for Hamas”
Link please, all I hear is a call for a cease fire. Please provide a link for where they support the Hamas side of this conflict.
Precious Metals are listening, so something is going on. I’ve been in this game for close to 20 years now and have never seen PM prices higher. :)
My advice? Sell your Gold now if you have to use it to get yourself out of any and all dollar-based debt (mortgage, vehicles, farmland) but hold on to your Silver for the future.
Mama Like! :)
Economic data to watch next week:
Tuesday: ISM services PMI
Wednesday: ADP employment data, Bank of Canada monetary policy decision, Powell’s testimony before the House Financial Services Committee, JOLTS job openings
Thursday; European Central Bank monetary policy meeting, weekly jobless claims; Powell’s testimony before Senate Banking Committee
Friday: Nonfarm payrolls report
And by all means, if you love what the government is doing to people, fund it by buying T-bills. But if you don't support the unelected bureaucracy that is waging war against America, why would you want to fund it by buying government debt?
>> If 90,000 people read the Scriptures, see the Signs of the Times and get Saved (John 3:17-18) then the goal is accomplished, to a significant degree. Then hopefully they’ll tell 10-100 others. I’d like for it to be 90 million.
Thank you for laboring in the billion-soul harvest!
“Faith comes by hearing the Word of GOD.”
You are not listening
Romans 10:14-15:
14 How then shall they call on him in whom they have not believed? and how shall they believe in him of whom they have not heard? and how shall they hear without a preacher?
15 And how shall they preach, except they be sent? as it is written, How beautiful are the feet of them that preach the gospel of peace, and bring glad tidings of good things!
(Thank you for laboring in the billion-soul harvest!
“Faith comes by hearing the Word of GOD.”)
Thank you my brother (hope I got that correct).
The Enemy has kicked me pretty hard the last 40 years or so. I’ve had some amazing miracles too.
But now I have time on my hands while my cars are having mechanical problems and hence I’m not working.
So I’m going to keep pushing the Gospel forward, if I can, through my meager efforts.
If this happens those pesos will reach parody. That is how serious this is.
(But should that happen, then they might be running around in their vans 🚐🚐🚐🚐🚐 looking for people who DON’T have thr Economic Mark of the Beast on their RIGHT HAND or FOREHEAD.
It’s not going to happen tomorrow, but I’m telling people NOW before it’s illegal to share the Bible online.)
I was pretty sleepy 😴😴😴 and didn’t notice.
Thanks, autocorrect.
“You are not listening”
No link - didn’t expect one, since nothing exists.
No big deal, par for the course here.
Is this anything like, "I've never seen the value of our money lower?"
You are not only ignorant but lazy
The cure for ignorance is enlightenment and you are complacent and enlightenment resistant.
Do you own research.
Hint........ Iran and Russia
“Do you own research.”
Still waiting for the link - after all, YOU MADE THE CLAIM.
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