I call BS. Even red states are passing the uniform commercial code to establish a single digital currency here.
The dollar is dead. This administration plus a majority of republican leaders killed it.
“All that is required is to end the US central bank’s easy-money policies, reduce monetary inflation, and rein in deficit spending.” Yeah...like the Biden administration is going to start working on that starting tomorrow! Especially the deficit spending...I can’t see the Democrats willing to cut back on any spending. It’s all they know and want.
Not so sure I agree with his rosy take. Fads have a habit of taking seed and spreading like wildfire. This is especially true when the U.S. has abused the privilege as they have recently, coupled with their out-of-control hegemony around the world.
France is in talks now, and the EU will follow closely behind sooner than later, is my prediction.
It was one thing when America was respected. That respect has totally eroded under Biden.
Stolen elections have severe consequences, and the world knows that the 2020 election was stolen.
I believe the Rev 6 black horse will not allow the US dollar to recover any significant value.
President Trump threatens the Deep State and the $$$ faucet. I remember Rush mentioning, during the 2007-8 financial debacle, that the Fed issued trillions of $$, but would not disclose the recipient(s). The current Obama / Biden Regime is printing and stealing as much as possible before the spigot is shut down. Yes, they will do whatever they can to stop President Trump, DeSantis etc, in order to make the $$ faucet neverending. If President Trump manages to win in 2024, the months between election day, and before he takes office Jan 20th will be very interesting, and dangerous. SloJo will be placed back in the basement. Obama and his Deep State, Ruling Class minions will continue to damage everything they can.
Every dollar not required for international trade will have to find a place to go.
There are two parts of the equation. The first is the money banks (or money changers) will lose their cut of the transactions. This will hit the money center’s bottom line. A little at first, but then more and more.
The second is that the intermediary banks (central banks or money banks) will not need as many dollars in reserve. They will adjust their reserves accordingly. This means they could sell their dollars for other assets. More dollars flowing right back to the US will cause inflation.
Again…this will happen slowly. But once it gets on a roll, it will be difficult to stop.
I don’t see a problem. Just refuse to allow any imports from
China from here on out. We’ll see whose currency goes South
in moments.
We have funded them long enough.