Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses --
• https://news.bitcoin.com by Kevin Helms--Global Reserve Currency Status
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--Global Reserve Currency Status
In a time when de-dollarization news are dropping fast and furious and even Elon Musk is now jumping on a bandwagon...
US equity rebounded from Tuesday's month-end pension and CTA selling boosted by overnight news that China's economy was roaring back sparked growth optimism and outweighed concerns about sticky inflation that could keep the Fed on its hawkish path.
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. "There are no issues with discussing how we settle our trade arrangements, whether it is in
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, o
Interviewed Tuesday at Bloomberg, Saudi Arabia Finance Minister Mohammed Al-Jadaan indicated that Saudi Arabia would be open to conducting trade, including involving oil, in various currencies -- mentioning in particular the euro and the Saudi riyal
...in global oil trade … the dominoes begin to fall on the US empire
Financial Conditions continue to ease since The Fed Minutes specifically warned against "unwarranted" easing of financial conditions...
Credit Suisse's Zoltan Pozsar: the de-dollarization of the global oil industry is in full swing–even if we can't see the final end game from here
Silver jumps 5% Platinum, palladium rally U.S. housing data falls 0.5% in Nov.
On November 15th, 2022, several of the world's biggest banks agreed to a shocking new plan – one that could lead to a complete overthrow of the U.S. dollar as we know it.
The end of world dollar hegemony is coming and hardly anyone in government is taking notice or even understands what this means.
The petrodollar is now on its last legs as Saudi Arabia has declared China to be its "reliable partner" for energy and trade.
What Comes Next?
The parabolic ascent of the U.S. dollar (USD) against all currencies and commodities, however, contains the seeds of its own demise...
Today, the Bank of England made a series of statements more likely to cause liquidity problems than solve them, at least in the short term.
On March 9, 2022, President Biden quietly signed Executive Order 14067. Buried inside this order is a sinister provision that could give the government unprecedented control over your money and freedom.
What I am doing
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Is it wrong to hope for a collapse? A collapse might be the only way to fix it, but it is risky.
The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claiming that the international status of the U.S. doll
People who speak out openly with concern about the potential death of the U.S. dollar have been written off as conspiracy theorists for the better part of the last few decades.
Major central bank gold transfers precipitate WWII, fueling tragedy and destruction, while cataclysm re-emerges as a world ordered and denominated in dollars. Exit gold.
The Russia-led Eurasia Economic Union and China just agreed to design the mechanism for an independent financial and monetary system that would bypass dollar transactions...
Let's start with this: over the course of the past two years alone, the Federal Reserve has printed approximately 80% of the US dollar supply. The money printing machines must be running around the clock.
I think that they actually believed that they could get away with it. I think that they were actually convinced that they could create, borrow and spend trillions upon trillions of dollars without any serious long-term consequences.
Today was all about two things - what went up (crypto) and what went down (US economic growth forecasts).
Since August 15, 1971, the US dollar has been completely severed from gold. President Richard Nixon suspended the most important component of the Bretton Woods system, which had been in effect since the end of World War II.
China is beating the U.S. when it comes to innovation in online money, posing challenges to the U.S. dollar's status as the de facto monetary reserve.
Was Richard Nixon a real gold friend who understood the futility of tying a weakening dollar to gold which is the only currency that has survived in history? So was Nixon actually the instigator of the movement to FreeGold?