(Christine Lagarde (IMF), Mohammed bin Salman, unnamed Chinese minister)
Zero Hedge: The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.
One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.
These sentiments are not only pervasive among mainstream economists, they are also all over the place within the alternative media. I suspect the main hang-up for liberty movement analysts is the notion that the globalist establishment would ever allow the dollar or the US economy to fail. Isn’t the dollar system their “golden goose”?
The answer is no, it is NOT their golden goose. The dollar is just another stepping stone towards their goal of a one-world economy and a one-world currency. They have killed the world reserve status of other currencies in the past, why wouldn’t they do the same to the dollar?
Globalist white papers and essays specifically outline the need for a diminished role for the US currency as well as a decline in the American economy in order to make way for Central Bank Digital Currencies (CBDCs) and a new global currency system controlled by the IMF. I warned about this years go, and my position has always been that the derailment of the dollar would likely start with the end of its petro status. Read More @ Alt-Market HERE
Opinion: Petrodollars are the primary source of revenue for many OPEC members and other oil exporters. Oil exporters settle sales of oil in U.S. dollars because the dollar is the most widely used currency, making it easier for them to invest export proceeds.
That King dollar, the world’s lone reserve currency is under attack, has been making headlines for 7 years. There are 3 key dates to keep in mind:
October 1, 2016, the International Monetary Fund (IMF) approved the Chinese Yuan as a world reserve currency.
Just 1.5 years later:
March 28, 2018: China launched the ‘PetroYuan’ for settling oil trades in a threat to the US Dollar.
On March 15, 2022: The Petrodollar weakened as the WSJ announced that Saudi Arabia is considering accepting Yuan For Chinese Oil Sales and with China a major player among the BRICS nations Brazil, Russia, India and South Africa a ready market for the yuan is being built.
Featured Article: The rise of MBS was backed by the Public Investment Fund (PIF), a fund comprised of trillions of dollars supplied by globalists within Carlyle Group (Bush family, etc.), Goldman Sachs, Blackstone and Blackrock. MBS garnered the favor of the globalists for one specific reason – He openly supported their “Vision For 2030”, a plan for the dismantling of “fossil fuel” based energy and the implementation of carbon controls. Yes, that’s right, the head of Saudi Arabia is backing the eventual end of oil based energy, and part of that includes the end of the dollar as the petro currency.
In exchange for their cooperation, the Saudis are being given access to ESG-like funding as well as access to AI advancements and the so-called “digital economy.” It sounds crazy, but there is much talk of AI developments to cure numerous health problems and extend lifespan. With those kinds of promises, it’s not surprising that Saudi elites would be willing to dump the dollar and even oil.
CBDCs and a new global economic system:
While globalists plot and plan for the end of the US dollar and a single currency made up of a basket of digital currencies controlled by the International Monetary Fund (IMF), the Bible tells us that would only be temporary.
When he arrives on the world stage, Antichrist, indwelt by Satan, and the False Prophet will seize control of the global political system (Revelation 13:4), the global religious system (Revelation 13:11), and the global economic system (Revelation 13:16-18).
All three are being rebuilt to accommodate the final government.
Thanks VS for editing this post
