This is the one our side cannot lose. From Brandon Smith at alt-market.us:
This article was written by Brandon Smith and originally published at Birch Gold Group
World reserve status allows for amazing latitude in terms of monetary policy. The Federal Reserve understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The dollar’s petro-status also makes it essential for trading oil globally. This means that the central bank of the US has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
Much of that cash as well as dollar denominated debt (physical and digital) ends up in the coffers of foreign central banks, international banks and investment firms where it is held as a hedge or used to adjust the exchange rates of other currencies for trade advantage. As much as one-half of the value of all U.S. currency is estimated to be circulating abroad.
World reserve status along with various debt instruments allowed the US government and the Fed to create tens of trillions of dollars in new currency after the 2008 credit crash, all while keeping inflation under control (sort of). The problem is that this system of stowing dollars overseas only lasts so long and eventually the consequences of overprinting come home to roost.
The Bretton Woods Agreement of 1944 established the framework for the rise of the US dollar and while the benefits are obvious, especially for the banks, there are numerous costs involved. Think of world reserve status as a “deal with the devil” – You get the fame, you get the fortune, you get the hot girlfriend and the sweet car, but one day the devil is coming to collect and when he does he’s going to take EVERYTHING, including your soul.
After you wallow in the devil’s excrement he comes nipping at your ass (h/t-Tuco) and then only God can help you. (h/t-God)
This generation has pushed HIM away in their enlightenment and now there will be a high price to pay.
Worldlings will lose their minds over not being able to leave the luggage behind.
Nothing new under the sun.
Breaking from Mystikal:
Born 2 Be A Soldier (Instrumental)
Pingback: Unification Of CBDCs? Global Banks Are Telling Us The End Of The Dollar System Is Near, by Brandon Smith — Der Friedensstifter
This is the guy that keeps barking about globalism. I don’t see that (globalism) in the current state of world affairs, from my perch. Maybe best to ignore this fool!