Dollar, crypto both failing as governments make way for new world reserve currency


NewsTarget: The world is transitioning from a paradigm of Federal Reserve fiat currency dominance to what appears to be a gold-backed digital currency that will eventually serve as the new world reserve currency instead of the United States dollar.

The BRICS (Brazil, Russia, India, China, and South Africa) nations have already announced plans to create this new gold-backed digital currency as competition for the dollar, which is rapidly declining as the U.S. military-industrial complex loses its foothold of control over the world.

In order to level the playing field, especially for smaller nations, BRICS is in the process of bringing a gold-backed digital currency to fruition, and soon. And the recent failures of FTX, Genesis Trading, and other fraudulent cryptocurrency exchanges and platforms is helping to speed things along.

“This theme of fraud and money laundering is now a recurring motif as the truth about these exchanges is revealed,” writes Stan Szymanski for Encouraging Angels about this transition of power and currency control.

“While the implosion of crypto is continuing to be exposed through money laundering and bankruptcy, the U.S. Dollar (and by default, the United States) has clearly lost its stranglehold on world currency leadership.” Read More …

Opinion: Seems like yesterday that the late Dr. Jimmy DeYoung interviewed me on CBDCs, but in actuality it was almost three years ago.

March 28, 2020 Jimmy Sr. asked me this question during the pandemic: “The digital dollar has been mentioned as a way to get money to people … why?”

My response: We have known since November 2019 that the Federal Reserve has been working to develop a digital currency but were shocked to hear that the House version of the Congressional Relief bill included paying people with it, so that is our indication that even though it did not make it into the final bill, Central Bank digital money is ready to go.

Jimmy: Explain digital dollar:

Me: Essentially  the digital dollar is an electronic entry on a bank ledger but like paper money is only backed by the full faith and credit of the issuer. (we have learned since then that digital dollars will be backed only by the Federal Reserve)

Jimmy: Could this become a global currency?

Me: The short answer is yes. Last week the Federal Reserve announced they were considering confiscating dollars coming from Asia because of virus germs on the paper currency. A digital currency would solve all that. 

The International Monetary Fund (IMF) already has a monetary system in place called the SDR (Special Drawing Rights) which is a unit of money made up of a basket of currencies including the dollar, pound sterling, euro, and renminbi that could replace the US dollar as world reserve currency. According to that report the switch could happen over night.

After that, the digital dollar was mostly downplayed by central bankers and governments until March 9, 2022, when President Joe Biden signed Executive Order 1406 authorizing the Federal Reserve to study the feasibility of a digital dollar.

As far as I was concerned, EO 14067 was a red flag that digital money would be just around the corner.

In our most viewed post of 2022:  “Biden to Replace the Dollar?”

Economist Jim Rickards said this:

Currency upheavals happen about every 40 years.

  • The first was Roosevelt confiscating private gold in 1934…
  • The second was Nixon abandoning the gold standard in 1971…
  • Now, Biden’s plan could pave the way for “retiring” the US dollar…
  • And replacing it with Executive Order 14067

Rickards asks the question: Where were you on March 9, 2022 when President Joe Biden quietly signed the death warrant of the US dollar?

As Rickards puts it, Executive Order 14067 “is the most treacherous act in the history of the Republic:

  • The US paper dollar will be made obsolete
  • Soon your cash will be confiscated or become worthless paper
  • The cash currency we have now will be replaced with a new programable digital token
  • The new currency will allow of total control of all American citizens
  • Every digital dollar will be programed by the government
  • Government will be able to track and control every purchase you make

In my opinion piece on the article I said this:

There is one major short-fall with Jim Rickards’ analysis, and it is a lack of connection to what Bible prophecy has to say about the total control of money:

Phase 1: Revelation 6:5-6 begins the new economic order that will be cheered by the 1% despite evidence of global hyperinflation affecting the masses

Phase 2: Revelation 13:16-17 brings new restrictions to the economic order that will be accepted by the global elite as they receive a mark on their right hand or forehead in order to be able to buy and sell like everyone else.

Phase 3: Revelation 18:11 is the total collapse of the economic order that no one, not even the 1%, will be able to avoid:

“And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore”.

See our paper “The 1% and Revelation: Do Not Harm the Oil and Wine” HERE

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