Posted on 04/02/2023 6:22:41 PM PDT by CFW
Now that they're holding less, there is greater diversification. Nothing to fear.
The collapse of the dollar as the world reserve currency would massively drive up the cost of foreign goods - and thus lower our standard of living - significantly. At first.
But over the longer run, it would result in a rebound of US manufacturing.
The latter point is exactly why China does not want the Yuan to be the world reserve currency.
When this happens, the $32+ trillion (and growing) in debt will cauae the US to financially collapse.
Our nation witnessed the stealing of an election by a deep state coup and placed a senile old man at the top to complete the destruction of our nation
“You will not be able to buy or sell without government approval. “
How does government “approve” anything when it no longer exists?
Astounding statement from White House official talking head Karine Jean-Pierre:
“We are deeply concerned about the transition of Brazil and China to national currencies when conducting mutual settlements. This is a violation of the rights of our citizens who rely on a stable dollar exchange rate on the world market .
America will not allow other countries to dictate their terms to it in mutual trade. We want to warn that the violation of the rights of ordinary Americans will not remain without consequences for these countries.
https://twitter.com/Spriter99880/status/1642925742165049360
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.