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.
Facts: almost 40 percent of the DOW is foreign money, piled into the US because of WAR, EU countries piling $$$ into a safe haven….the trend will continue until the EU countries feel “ safe”….the dollar is not dead, but wounded.
Who puts their money into a nation that is at war? All bets off if/when the US goes to war…until then ….happy sailing in paper.Steer clear of .gov debt instruments, the $$$34 trillion of debt has consequences.
No. I stated the fact.
You are not only lazy but incompetent.
...still waiting for that link, and no need to insult as the mods don’t like that.
Oh! a threat. Your arguments fail so you whine
Link please.
You know, that one was at about 67,500 or 67,800 when I posted it to you guys there
It’s already jumped substantially too
It’s amazing how many people are sharing these days
Thank you. I thought I had replied “thanks” but now that I found the thread again it looks like I missed (I was using my cellphone, I believe, on that day)
[90,020 views]
98,513 unique visitors as of this moment, FRiend(s) - I had to look to find this thread again
FWIW, these are not views - you can see it 1,000 times - it only counts once - these are counted by I.P. addresses it seems (home, office, cellphone) etc.
God bless you all
[Thank you for laboring in the BILLION-SOUL harvest!
“Faith comes by hearing the Word of GOD.”]
WOOHOO!!!!
1 Corinthians 3:6
King James Version
(Apostle Paul)
6 I have planted, Apollos watered; but God gave the increase.
https://www.biblegateway.com/passage/?search=1%20Corinthians%203%3A6&version=KJV
And again - one of my favorite passages:
John 4:35-36
King James Version
35 Say not ye, There are yet four months, and then cometh harvest? behold, I say unto you, Lift up your eyes, and look on the fields; for they are white already to harvest.
36 And he that reapeth receiveth wages, and gathereth fruit unto life eternal: that both he that soweth and he that reapeth may rejoice together.
https://www.biblegateway.com/passage/?search=John+4%3A35-36&version=KJV
God bless you Nervous Tick!
(You know, that one was at about 67,500 or 67,800 when I posted it to you guys there)
76,294 today (it says “views” but it’s actually unique I.P. addresses) - which means at least 76,294 people at this point
I believe (IMHO) that people are starting to see the Biblical significance of current events - as they should
A little update my FRiend (FWIW)
[Memorization is great because you can recite it when you have nothing in hand or are in a position where you can’t read, like being stuck in a traffic jam.]
Yes - I’m hoping (praying) that some things get so ingrained that whenever people see (for example) “Days of Lot”-type events, that they immediately think of Luke 17:28-30/32 and can basically recite same from memory.
So when they run into somebody in a restaurant or on the street, they’re able to witness to them on the spot.
Repetition forms a stamp on the brain - except for the reprobates
The Holy Spirit has always brought verses to my memory - even when I’m mad or upset about something (or when my attitude is ...... not-so-good .... oops)
Considering the extent of stupidity the Country has sank, no.
To repair the damage that the Clinton, obama, Biden Regimes have done to the Nation, the National i.q. would have to ascend to the level of the Founding Fathers. This is not going to happen. As the Nation grows further from God it becomes more evil, more corrupt, and more stupid. The Founding Fathers would never have fallen for the global warming scam for example. Plus they knew the difference between a man and a woman.
[76,294]
77,063
Wow - a little praise report my FRiend
Gained 769 new people on that one in just 6 hours and 36 minutes
God’s Word is going forth! - Thanks to everyone who is sharing with others!
God bless you all!!!
Praise God! Exciting update news!
God bless.
[76,294]
77,063
Now 77,497
Up 1,203 new people in 21 hours
A few people are seeing the Signs of the Times
You did. It was to 3 of us at once:
https://freerepublic.com/focus/news/4221465/posts?page=53#53
I looked because I distinctly remembered that you did and was wondering how it could have been deleted.
Keep up the good work.
Thank you
Only later did I realize that I had pinged you when responding to another
I don’t give up easily lolol 🤣
Which is how I keep moving forward
And it’s also how I can get myself into trouble 😜
Ouch 🤕🤕🤕🤕🤕
God bless
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