Military severely degraded, illegal alien invasion, lawlessness, extreme division, unpayable debt, high inflation, US hegemony destroyed, etc…
The list is increasing in size and frequency….
The Biden Admin is trying to destroy both the dollar and the country
Quick answer - yes. Nothing else makes sense.
Republic died w/ the tyrant Lincoln. Dollar killed w/ A1S10 violating ‘Fed. Rsrv’ & Nixon’s illegal EO.
Suddenly, peeps are ‘surprised’
You are ascribing malice or incompetence to the process. It is neither IMHO.
What better way to overwhelm international and national finance and create absolute superiority over markets than by destroying the dollar’s usefulness and replacing it with a Central Bank digital currency.
It would not have to be a one for one replacement. It could be a revaluing of the massive trillions of debt. Think of it as currency debasement and devaluation hidden in a new form of money.
The ruling class goal is to kill off most of the population and enslave just enough to keep themselves fed and comfortable.
The dollar is pretty bad and the Federal Government appears on its way to bankruptcy, but other currencies, and their governments, are even worse.
BTW, gold is at record highs in every world currency.
Obama, Valerie Jarrett, Susan Rice
Biden just stumbles, mumbles, grumbles and takes bribes.
“How long will it take for the war cheerleaders”
Nonsense and irrelevant. As much as Biden is incompetent when it comes to everything related to national security, our military spending is not the problem.
The budget busters and massive additional spending and borrowing - puting pressure on the interest rates needed to be offered to sell U.S. debt, adding to inflation, requiring the virtual printing of money to spend that borrowing - is 100% due the explosion of trillions in DOMESTIC spending, not military spending.
When you run the world’s reserve currency, THE highest priority is to make sure that you are an honest broker from a commercial point of view. You don’t steal peoples money, otherwise you absolutely undermine confidence in that system, or else destroy it altogether. If you are going to take money from a sovereign country as a punishment for initiating a war, then you need a legal process for doing so. That usually involves a treaty at the end of that war. It does not involve taking money from a nation with which we are not officially at war, and never have been. In my opinion, the people at the top in the Federal Reserve, the Treasury Department, and elsewhere in the government with the exception of the senile, corrupt, hair-sniffer) know this very well - heck, I am a mirror finance and economics major from 40 years ago, with an interest in history, and I know this. Yes, of course they are incredibly arrogant. But they KNOW this, yet they continue doing what they are doing. This is not an accident.
My personal course of action is to do what people did during the inflation of the 1970s, which is to put our increasingly worthless fiat currency into hard goods of one type or another. This might mean Buying a larger home, fixing up or expanding your existing home, purchasing a new car, a new refrigerator, stocking multiple freezers with meat, or buying gold and silver as hedges. At this juncture, Bitcoin might also be an option, Especially as it is easier to carry from place to place than Gold and Silver are.
“How long will it take for the war cheerleaders”
Nonsense and irrelevant. As much as Biden is incompetent when it comes to everything related to national security, our military spending is not the problem with respect to the dollar, nor will any financial matters related to Russian holdings in western banks affect what most of the world think about their assests in western banks, because they are not behaving like Russia - creating a war.
So many of the premises of the author are nonsense; aiming to help whom???
The budget busters and massive additional spending and borrowing - puting pressure on the interest rates needed to be offered to sell U.S. debt, adding to inflation, requiring the virtual printing of money to spend that borrowing - is 100% due the explosion of trillions in DOMESTIC spending, not military spending.
P
What is a “Dollar” ???
...
Ohhhhhh............ You mean those “Federal Reserve Notes” that you carry around?
“Is the Biden Administration Trying To Destroy the Dollar”
The Biden Administration Trying To Destroy the US Republic
There, fixed it
They are trying to destroy the debt - by paying it off with greatly inflated, cheaper dollars. They have no other way out.
Does the sun shine?
Is water wet?
Does a bill fold?
Can a square root?
Does a skunk smell?
Can a sine wave?
btt
Trying Baba Louie? There is no try, there is only is.
Concern about the US Dollar (USD) is not backed up by any recent monetary data.
Against a basket of foreign currencies - a basket that includes all the BRICS currencies - the USD has floated between $100 and $112 for the last 24 months.
$100 equals par or neutral. Numbers above $100 equal USD strength. Numbers below $100 equal USD weakness.
USD price as I write this: $105.78
https://www.cnbc.com/quotes/@DX.1
Yes, USA government - at every level - has severe financial problems.
Trillions of dollars in debt. And, trillions more in unfunded future medical and retirement benefits.
The good news - the rest of the world is in even worse shape than we are!
Of course not! They have already destroyed it!
They are just temporarily artificially propping it up in case Donald Trump gets elected - then it can crash! Guess who gets blamed? >see Herbert Hoover!
Western financial markets are now a dangerous place to park your money.
Wonder why Costco is selling gold bars as fast as they can stock them.
The stock market looks like a high speed yoyo.