It seems the end really is nigh for the U.S. dollar.
And the mudfight for global dominance and currency war couldn’t be more ugly or dramatic.
The Saudis are now openly threatening to take down the U.S. economy in the ongoing fallout over collapsing oil prices and tense geopolitical events involving the 9/11 cover-up. The New York Times reports:
Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
China has been working for years to establish global currency status, and will strengthen the yuan by backing it with gold in moves clearly designed to cripple the role of the dollar. Zero Hedge reports:
China’s shift to an official local-currency-based gold fixing is “the culmination of a two-year plan to move away from a US-centric monetary system,” according to Bocom strategist Hao Hong. In an insightfully honest Bloomberg TV interview, Hong admits that “by trading physical gold in renminbi, China is slowly chipping away at the dominance of US dollars.”
Putin also waits in the shadows, making similar moves and creating alliances to out-balance the United States with a growing Asian economy on the global stage.
Luke Rudkowski of WeAreChange asks “Is This The End of the U.S. Dollar?” in the video below.
He writes:
In this video Luke Rudkowski reports on the breaking news of both China and Saudi Arabia making geopolitical moves that could cause a U.S economic collapse and obliteration of the U.S hegemony petrodollar. We go over China’s new gold backed yuan that cannot be traded in U.S dollars and rising tension with Saudi Arabia threatening economic blackmail if their role in 911 is exposed.
Visit WeAreChange.org where this video report was first published.
The Federal Reserve, Henry Kissinger, the Rockefellers and their allies created the petrodollar and insisted upon the world using the U.S. dollar to buy oil, placing debt in American currency and entire countries under the yoke of the West.
But that paradigm has been crumbling as world order shifts away from U.S. hegemony.
It is a matter of when – not if – these events will change the U.S. financial landscape forever.
As SHTF has warned, major events are taking place, and no one can say if stability will be here tomorrow.
Stay vigilant, and prepare yourself and your family as best as you can.
Read more:
Pay Attention To The Economy Right Now, Because A Disturbing Series Of Events Seems To Be In Motion
Here’s How We Got Here: A Short Primer On The History Of The Petrodollar
Shock Report: China Dumps Half a Trillion Dollars: “Something Is Very, Very Wrong”
Dollar Moves Shake the World: “Federal Reserve Could Start a Currency War”
It Took 22 Years to Get to This Point
Iowa's governor Kim Reynolds has extended that bird flu "disaster declaration" after the virus was...
President-elect, Donald Trump has announced that he will enforce tariffs on Mexico, Canada, and...
This article was originally published by Michael Snyder at The Economic Collapse Blog under the...
The state of California has killed around 8.4 million birds in the past month during the current...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
Another move by the Globalists to try and end the USA.
The United States is the only thing that stands in their way.
They think ending the use of the dollar will solve their problems, they are mistaken. It will only lead to greater poverty and unrest in their countries, since they have nothing to back up their own currencies.
LMFAO !!! The end is not near for the dollar.
The”END” of the dollar will only occur with a pole shift, EMP/CME, nuclear war, or the BIG ONE at 9.5 or better in California; or a massive eruption of yellowstone.
Neither is China backing its Yuan with gold. It is only PRICING the Shanghai Gold FIX in Yuan. Know and understand the difference.
Nothing to see here, move along. 🙂
DK, I do not know the mechanics of finance, stocks etc. like you do. However, 19 trillion in debt, how many times that in goodies for the Entitlement programs, shaky dirivative markets, inflating bubbles from housing to student loans begs the question as to why you think the dollar cannot collapse other than the ways that you specify. My gut feeling is that we’re in a lot of trouble and if we were that close in 08 then it can happen again. I’m also thinkin bout taking helicopter lessons.
Jacknife: While “financial times” (pun intended) are perilous, they are manageable. Govt Debt to GDP in America is about 105%.
This ratio is well within historical norms.
First you need to understand that the NWO PTB ELITE, hold their wealth in US BONDS because it is historically, the most secure and most liquid paper market backed by the full faith and credit of the United States. (Read: the largest economy and most powerful military ever assembled.) In other words it fungible.
The Uber Rich NEED American debt. It represents their wealth
Second, the Central Banks (Read FEDERAL RESERVE) facilitates the wealth making process for the Uber Rich using the dollar and dollar denominated paper.
Third, the FED is not going to destroy the dollar, or allow anyone else to attack it (without repercussions, up to and including war) because the the dollar IS the source of the wealth & power of the Uber Rich.
They ain’t gonna give it up, and they are not going to commit financial suicide; which is why I say that the dollar will remain THE world reserve currency, and: “The”END” of the dollar will only occur with a pole shift, EMP/CME, nuclear war, or the BIG ONE at 9.5 or better in California; or a massive eruption of Yellowstone.”
WW III Financial War has already begun and this is and has always been the prelude, in modern times, to a shooting war.
Save $20 bills in number ten cans. If nothing else those Jackson’s will become collector items. 🙂
So what you’re saying is that if we have another bubble such as the one in 08, the government will do what they did back then and bail out the bubble maker? Making the dollar weaker yet? And thank you for explaining this.
We are in a “bubble” for financial assets now. The NWO PTB MUST maintain a certain amount of liquidity, if for no other reason than to have cash available to make acquisitions at bargain prices, as those who have been too greedy and too leveraged must liquidate to become solvent as revenue and profits decline in a recession.
That’s why they need US BONDS.
I do not believe the government is going to bail anyone out this time around. I think they will continue to try to mitigate the froth in the financial markets as long as they can; and they can for a long time; but I do not believe that we will see a “bail out” as we did before. A bail in is possible for bank bond holders and depositors with more than $250k in a single account. I don’t believe that affects many “persons”.
Additionally I would expect in a worse case scenario that the FED would re-introduce the “Good bank / Bad bank” concept separating NPL and derivatives into a “Resolution Trust Corporation II” to work them out, keeping the balance sheets of the banks clean, and liquidity ratios above required levels. Its been done before.
Most corporations hold their excess cash in Treasuries.
I believe we are facing an extended deflationary Depression to wring out the credit excesses. That always happens at the end of a business cycle to a greater or lesser extent. It is also political in character to suppress the BRIC’S and maintain control. That is happening now.
“Dollar weakness” is a relative phenomena. In a world of midgets, even a dwarf can be King, when it is backed by the largest economy and most powerful military in the world.
In a deflationary economic environment fewer dollars will circulate and at a lower speed (velocity of money). There is already some liquidity constraints in the markets. As the Depression kicks in available dollars dry up. Yes the FED will inject cash into the system. That cash will not likely reach the masses anymore the next time around than it did the first time.
Meaning NO hyperinflation.
Hyperinflation destroys the currency. The NWO PTB hold their power and wealth in THE currency. They are not going to destroy their wealth and power. Deflation destroys the wealth of those who are leveraged as fewer dollars are available to repay their debts. (Read MIDDLE CLASS).
As asset prices fall, corporations will write down their paper losses against other income (and depreciation) and pocket the cash. Individuals without a corporation cannot multiply their wealth in hard times in this way.
China will be SEVERELY affected. Social unrest is highly likely (as planned) there. The poor here in America have a EBT card safety net. Not so in China. Not YET in China.
Eventually, the clashes between various civilizations, methodologies and global civil and political unrest is designed to give more power, through war, to the Uber Rich (Police State) and less power to the masses: changing Democracies into totalitarian forms of government.
Americans are KEY to how the world develops from the coming world economic and political crisis. Life is plastic. Put your stamp on it !!! 🙂
Saudi’s and Israeli’s are the best friends test days. Both are cancers are earth and the degradation to human DNA.
I recall hearing in the past that when rainbow colored money comes out the dollar’s final days will be at hand. Interesting to see the treasury getting hasty with the new design.
greasemonkold
I been to a few countries and my off the cuff observation is that the prettier and more colorful a money is the less its worth. Add some brightly colored birds and you might as well shift the decimal point over two places.
Rainbow colored money? Damn that means Ru Paul will be on money then. Bwawahahahaha.
Steven
Respectfully you have it backwards. The globalists are trying to maintain the USD as the worlds reserve currency. Regarding backing currencies US dollar is the reserve currency requiring nations to use it in international transactions. Its not “backing up” squat. US dollars have value because of this forced relationship.This system is maintained at the point of a gun as both Iraq and Libya experienced.
Nations are tired of having to hold a currency that has a continuously declining value as it is fiat (currency by decree). In August 1971 the US dollar lost its “as good as gold” status and its been a scam ever since. Having it maintained by direct brute force signifies that its days are numbered.
Well said,
Some people think those who are seeking alternatives to the USD are insidious Bond villains.
In fact, they are merely long-suffering victims of legalized offical counterfeiting conducted for decades by the US and UK banksters, with the approval of the USG.
They are merely attempting to cease being victimized.
Vilifying them is classic “blaming the victim” behavior.
What we are seeing is the death of the Old World Order, and the birth of the New World Order.
Meet the new boss….same as the old boss……
The name “Rothschild” means “Red Shield”…as in Communism. Is it starting to make sense yet??
The first member of the family who was known to use the name “Rothschild” was Izaak Elchanan Rothschild, born in 1577. The name is derived from the German rot Schild, meaning “Red Shield”.
The German family name “Rothschild” is pronounced approximately rote-shilt in German, not roth(s)-chyld as it is in English. The surname “Rothschild” is rare in Germany.[15] The German surname “Rothschild” is not related to the Protestant surname “Rothchilds” from the United Kingdom.
The 5 billion used to re-immures insurance companies for pay-offs made to Larry Silverstein, and money paid to Israel for rigging the planes and demolishing the buildings had to come from somewhere. The money Donald Rumsfeld said was “missing” from the Pentagon was a red herring.
The so called elite conspired to spread communism or Zionism or Collectivism globally putting themselves on top a worldwide pyramid. They intentionally have and continue to demolish US national interests, financial, academic, social, and to erase Christianity out of revenge and hatred and toward their goal of being the masters while maintaining a smaller more controllable population of slaves to serve them.
They gradually removed our gold.
First excuse was WW2 gold confiscation. Then Reagan backed by General Electric and others, removed the gold backed currency.
China and India have been amassing Hugh quantities of gold. NSA are brilliant. There is no way the current outcome was beyond their ability to observe and predict. This is treason pure and simple.
We were duped into fighting to help the Communist Zios in WW2 and like General Mac Arthur said it would, communism has taken over America. America and its Israeli partnership is taking the world on a hellish journey into the madness of the sociopathic leadership of modern Bolshevistic tyranny.
B from CA
“First excuse was WW2 gold confiscation. Then Reagan backed by General Electric and others, removed the gold backed currency.”
Domestically gold was taken out of circulation in 1933 by Executive Order of FDR and once in government hands it was re-valued from $20 oz to $35 oz. It was still used to back up paper currency “theoretically” until August 1971 when Nixon closed the gold window making the USD completely fiat. The reality is by 1958 the US had already printed more money than it had in gold reserves. France called for payment in gold in 1969 and that started the turn of events that culminated in its backing in 1971.
The USD will not lose its Reserve Currency status all at once but little by little in increments the produces of goods will trade more and more with their currency. Its, “death by a 1000 cuts” as each new agreements lessens demand for the USD. Its greatest threat might be fracking and other enhanced oil / gas recovery techniques. If nations find recoverable oil within their own borders they don’t need the USD in reserve to buy oil from another nation.
I read somewhere that all prices for everything are close to going up 50% overnight.
That was only your ObolaCare Insurance Premiums. 🙁
This post is about the lobbyist cancer and bribery system that is robbing America blind. The Bush family owns Goldman Sachs and are the top controllers of the Republican party. The biggest lobbyists are always appointed to all high finance jobs of each president. The Trump campaign threatens this cabal of theft responsible for the theft of untold billions from Americans going back 80 years with Prescott Bush. He who was trading with the Nazi’s during World War 2 among other severe crimes. Ted Cruz claimed to be against lobbyists. His wife Heidi was in the highest position inside the largest lobbying firm in America. She was the managing director of Goldman Sachs in 2008 and received 5 billion dollars during the bailout. Heidi became the director for the western hemisphere on the national security council under national security advisor Condolezza Rice in 2003. She was the number one person behind getting NAFTA passed. She was also director of the US treasury over the entirety of latin american countries to our south. Think drug profits laundered by banks. This was taken from an article on beforeitsnews.com titled: JFK jr. was murdered! Hillary Clinton implicated in bombshell report.
” She was the number one person behind getting NAFTA passed.”
That distinction goes to William Jefferson Clinton. With the majority of Republicans already on board GH Bush 41 couldn’t get the vital Democrat votes needed for passage. In comes Ross Perot who ran as a 3rd party candidate on an anti NAFTA platform. Getting more support than anticipated as his goal was to put Clinton in office he sabotaged his campaign insuring no victory. He took the majority of votes from GH Bush an intended, put Clinton in office and disappeared from the public eye. Clinton made NO NAFTA a campaign promise but not strongly. Once in office “Slick Willy” bribed vital necessary Democratic Congressmen and got NAFTA through the Houses. He then signed it into law. The news media, harping upon Bush 41 support for NAFTA was conspicuously silent with Bill Clinton. These Congressmen, concerned about re-election got Federal money in their districts, got re-elected and then gave an encore, China Free Trade.
The above is how it happened.
Fresh from his visit to his masters in the kingdom, O announces that Assad is disrupting the fragile peace. Guess he got his marching orders handed to him.
We are witnessing the total destruction and the death of each and every inhabitant of Western Society. That’s the whole story in a nutshell. It is going to be very, very nasty before it is over. thanks
I was only a matter of time… https://raptureandendtimes.com/2016/03/28/rapture-2016-an-update/
The EU(QE)has been lapping up AAA investment for years and are desperately moving to higher risk paper…
So, $750B would be welcome by the maniacs in the central banks and would not be a treat to the US financial system…
So what’s this really about… is another ally feeling the heat?
The dollars days are numbered. The communists think they can fix all their problems by killing the dollar. Like the communist revolution the only thing for sure to get killed will be a significant part of the world population.
As long as communist and totalitarian states believe it’s in their best interest to destroy the dollar they will work toward that end. For better or worse, so far the US has crushed and destroyed all who tried.
This will only end in global war or the destruction of the global economy. Either way I want my family to be in a position to survive a long term disaster that is daily looking more inevitable.
Every day the inevitable is delayed is another day for people do get prepared. In every economic collapse that has happened elsewhere in the world, to a man and woman they all said if they only saw it coming and could do only one that thing, they would have stored up more food and water.