JUST IN – Fed Chair Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar."

BitCoin Mag via SpaceXTwitter ^ | 6/17/22

[BusterDog]

Game over. We are moving from "managed decline" to "controlled demolition."

[crz]

Yup. Supporting a corrupt government like The Ukraine managed to finally push the whole works over the edge.

[House Atreides]

ALL ACCORDING TO PLAN!

[wny]

The corruption of the Ukrainian government is no less than the corruption of the US government

[mware]

There goes the market. I’ve lost 3K since last week.

[WMarshal]

America should be the country bombing the Ukraine. We should also try and hang Col. Vindman.

[Tench_Coxe]

So we're seeing the end of the dollar of THE reserve currency.

So who is gaining by this demolition?

[GOPJ]

Biden - ushers in the destruction of our country? I hate democrats. How dare they so this to our children and grandchildren.

[cuban leaf]

I can’t emphasize this enough: GET OUT OF DEBT at all costs. Stock up on non-perishables, both food and non-food. This is going to be a VERY bad next 12-36 months.

[cuban leaf]

Some good news. Oil is down.
https://finance.yahoo.com/quote/CL%3DF?p=CL%3DF

[cuban leaf]

Actually, oil is falling off a cliff.
https://finance.yahoo.com/quote/CL%3DF?p=CL%3DF

[Pollard]

Sounds like a

Great Reset

[BusterDog]

“So who is gaining by this demolition?”

*****

They get to cancel their debts, keep their assets, and institute a digital currency that they can completely control.

They will monitor how much beef you buy with your digital currency, cut you off at a certain amount, stuff like that.

[Deo volente]

Get ready for digital currency and social credit scores. The destruction of the dollar is moving right along as planned.

Social credit means you agree with our global overlords or risk a big fat “F” on your report card. If you lose your job, and apartment or house, there will always be a re-education camp for you.

Sorry for the pessimism. Alternative and more optimistic views are always welcome. I just can’t find them right now.

[Mr Ramsbotham]

I’ve lost 3K since last week.

I wish I'd lost 3K since last week. :-(

[E. Pluribus Unum]

Anarchy is a two-way street.

Commies are going to be very surprised when they find out.

[OpusatFR]

I can’t find Powell’s statement other than the twitter feed. Is there a link? Or did I overlook it?

[rdcbn1]

Biden Admin guys are playing for the other side. Notice Powell said nothing about the US using it's now dominant power to fight this and he is pretty much cooperating with the destruction of the dollar as the worlds reserve currency. Once that happens, inflation will go through the roof, the dollar will tank and the imported oil Biden is making us dependent on will hit $300 per bbl. Pray for a strong turnout in the 2022 elections and some new blood Republicans with enough guts and political clout to push back. Not even I believed we could fall so far so fast

[BusterDog]

“Actually, oil is falling off a cliff.”

****

Entering a depression. Severe asset deflation. Prices will still be high for fuel, food and durables due to supply push inflation.

[cableguymn]

I wish I had 3k to lose.

(Just to put things in perspective)