Collapse of US Dollar Will Sink America
1 out of 1000 US voters have no comprehension of HOW money works. The US Dollar has been the only reserve currency in the world for the past 80 years and we own the printing press. We can create dollars out of thin air and use those to build bridges, pave roads or buy bombs and war planes. But as of late we’ve been using the Dollar as a club to punish anyone else in the world who disagrees with us. The other powers of the world have taken note of this and are looking for another source of money. When this happens America will be in real trouble as the demand for dollars will plummet. When demand plummets so does value.
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We are living in the last days of the American empire. The No. 1 weapon of the empire -- the US dollar -- has been targeted for termination by most of the other powerful nations across the planet, including China, Saudi Arabia, Brazil and Russia.
It turns out that no one likes to be hit with weaponization of the currency, and with the US government regime under Biden, the bullying tactics of the American empire are convincing other nations to abandon the dollar and build their own systems for international financial settlement.
That's why next month -- August, 2023 -- BRICS nations are meeting and announcing what is reported to be a gold-backed cryptocurrency.
This cryptocurrency will reportedly be decentralized, meaning that no nation can alter its ledger or print more coins (i.e. money) out of thin air. The fact that this BRICS-based ledger cannot be counterfeited will give it intrinsic value that will instantly make it a better store of value than the US dollar (which is losing purchasing power by the day). We can expect a rapid adoption of the BRICS cryptocurrency system by the nations of the world. And when those nations no longer need dollars to carry out transactions with other nations, they will dump the dollar.
Since they no longer need dollars, they also don't need dollar-denominated debt instruments. This means international holders of US treasuries will offload them, causing a supply glut of treasury debt instruments on the open market, making it far more expensive for the U.S. Treasury to try to auction new debt instruments that provide funding for the government's debt habit.
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