The majority of Americans are absolutely ignorant about money and how it works. Consequently, many of us have absolutely no idea what it would mean if the world were to un-pin from the U.S. dollar. There was a video produced by a well-known and highly regarded U.S. economist and investor that explains what would happen (I apologize, I couldn’t find it). When he was on FOX, Beck spent several weeks on this issue, as well. Basically, if the U.S. dollar is abandoned as the world reserve currency, we will cease to be a world power within two weeks! In two weeks or less, our money will be worthless on the world market. You will see oil soar to over $400+/barrel, which means most of us will no longer be able to buy gas – let alone pay our electric bill or even buy food. In short, we will become the Weimar Republic (which is one reason I have been urging you to learn about the Weimar Republic). Well, it has begun:
The deal, which extends over a three-year period and amounts to an exchange of about $30 billion in trade per year, marks the latest effort among two of the world’s largest emerging economies to shift the dynamics of international trade that have long favored the U.S. dollar.
Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias.
Neither Russia nor the Chinese think the U.S. is there friend. If they could destroy us, they would. Well, they are well aware of our vulnerability to the world abandoning the U.S. dollar as its reserve currency, but up until now, they needed to keep the U.S. dollar in that position because their economies were tied to it. But no longer: now they are approaching a position where they can survive without the U.S. Once they believe they are there, they can easily remove us from the world scene by doing nothing more than removing the U.S. dollar from its thrown – and these stories are a warning that they are preparing to do just that.
China, Russia, Japan and several of the most powerful Gulf States are actively plotting to end the decades-old practice of buying and selling oil in dollars, the Independent claimed today.
The newspaper said the plan is for the US currency to be replaced for trading oil by a basket of currencies, including the Japanese yen, the Chinese yuan, the euro, gold and a new, single currency for the Gulf states. If executed, the move would be a significant blow to the dollar’s position as the premier world currency and would potentially threaten America’s position as the world’s leading economy.
Once oil is un-pinned from the U.S. dollar, we cease to be a player on the world stage. Start making plans to live in this new world: it is coming, and coming sooner than I had feared.
[NOTE: this is what happens when you elect leaders who are so arrogant as to think they are important enough or ‘smart enough’ that they can control the rest of the world. Sooner or later, they find out that there are people in the world who do not acknowledge their self-indulgent delusions of greatness and they go their own way.]