Posted on 04/06/2023 4:16:23 PM PDT by CFW
President Donald Trump long ago warned the American people about the serious threat of China when he was in the Oval Office, and the situation has only gotten worse since Joe Biden’s administration has taken control.
“China is trying to displace the U.S. Dollar as the NUMBER ONE CURRENCY throughout the World,” he wrote on Truth Social on Wednesday. “Unthinkable three years ago! If this happens, and under Biden’s leadership it probably will, this would be the biggest defeat for our Country in its history. We will be reduced to SECOND TIER STATUS. AMAZING. MAKE AMERICA GREAT AGAIN!”
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Get ready for a bank holiday this year in which they’ll all be closed for a minimum of three days and maybe as long as two weeks.
If the dollar loses its reserve currency status things will be worse here than when Britain’s Pound lost its status.
At least in the old days Britain was a civilized country.
The difference is we are no longer a civilized country.
The main factor is government spending.
What percentage of all the money spent in England was spent by the government?
What percentage of all the money spent in the US is spent by the government?
For Britain it was the cost of two massive wars.
I heard Britain didn’t finish paying its war debts until some time in the 1970’s.
and he got paid for it
A year ago I would’ve told you our banking system was as solid as the Rock of Gibraltar.
Now I’m not so sure.
It might not be a bad idea to keep some Federal Reserve Notes stashed away.
There’s a big price to pay when everybody watches the US seizing and stealing other countries money and assets.
We have been exporting a lot of inflation lately. I suspect other countries are getting a bit tired of it.
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the solution for this is to hire Musk to build nuclear power plants and desalination plants in the same way he builds his cars and trucks.
That will drop the cost of energy to something like .01@kwh and drop the cost desalinated seawater to roughly $250@acre foot—which is cheap enough to farm any desert on the planet with non field crops. all fruits, nuts, vegetables would be profitable.
the cheap energy would enable the US to pipe water from the spring floods on the mississippi to nearly anywhere in the west. The desalinated seawater could be piped econonmically anywhere in the south west.
The habitable size of the USA would roughly double—as would the habitable size of earth.
The cheap electric power would make the USA the cheap manufacturer. Combine that with a low dollar and the USA would change from being an exporter of capital to being an exporter of manufactured goods. Our trade deficit would swing from 1 trillon dollar to a trade surplus of one trillion dollars.
We would have just re engineered the world.
We have been exporting a lot of inflation lately. I suspect other countries are getting a bit tired of it.
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Politicians in other countries aren’t getting tired of it. They also want to print as much money as they can, and when the US prints, it’s easier for them to do it too.
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