Posted on 05/04/2023 4:36:48 AM PDT by CFW
The United States may have a powerful military, but its true strength lies in the value and status of its currency.
With the U.S. dollar seen and accepted as the world reserve currency, America has the privilege to control the global financial system, run federal deficits without having to worry about consequences, and literally print trillions of dollars out of thin air.
This unique advantage also allows the U.S. to keep interest on its accumulated debt low and provide its citizens a standard of living that would not otherwise be possible. But how long will it last?
Since the end of World War II, the U.S. has held what is often referred to as an “exorbitant privilege” over the global economy. From the destruction of the war came America’s rise and, with it, the acquisition of most of the world’s gold reserves and half the world’s GDP. Its wealth gave the U.S. the power to dictate the terms of the Bretton Woods Agreement between 44 countries.
(Excerpt) Read more at responsiblestatecraft.org ...
"The BRICS countries and much of the global south have been reluctant to sever ties with Russia for a variety of reasons — from needing their oil, food, fertilizer, and military equipment, to taking advantage of the Wagner Group to counter domestic anti-insurgency efforts.
Additionally, many in the global south have harbored long-held resentments towards the West’s rhetorical “rules-based world order,” which they see as hypocritical and self-serving. The freezing of Russia’s dollar reserves and exclusion from the SWIFT system also put countries on notice that they might be next. "
And in a related article:
https://www.zerohedge.com/energy/imf-saudi-arabia-needs-oil-prices-8090-balance-budget "Saudi Arabia Needs Oil Prices At $80.90 To Balance Budget"
🙏🙏🙏
The tipping point was Trump, Pelosi and Schumer conspiring to eliminate the debt ceiling and ushering in trillions in new debt that the Fed monetized to maintain artificial interest rates.
Trumps scheming with Pelosi and Schumer to remove the guardrails on federal debt ignited the inflation we’re enjoying today. The GOP Congress won’t stop the trillion dollars deficits. Plan accordingly.
LOL. Trump spent money during COVID. Biden spent multi Trillions after COVID. Nice try: FAIL.
Even our military is rapidly being hollowed out, a conglomeration of paper regiments and mock weaponry, without any will EVER to deploy for any defensive purpose.
Response time to an attack may stretch into days or even months, at which time the action taken will remain moot, to no effect whatsoever, except to grind up the men and machines of war.
In recent decades, the biggest declines in the value of the dollar took place after 2001 and after 2008.
The dollar has one key ally—the miserable currencies of every other nation.
Every country’s “leadership” wants to rip off their own citizens by inflating their currency—nobody is playing it straight.
It is the entire world economy that is a house of cards—rises and falls together.
[It is the entire world economy that is a house of cards]
Yet another reason I expect Global Currency / Global CBDC
If Trump had vetoed that COVID money appropriated by the Democrat Congress? Do you really think that was reasonable at the time?
The CARES Act passed 419 to 6 in the HOR.
I looked out the window and am almost sure the sky is falling
The legacy of the Baby Boomers.
“I looked out the window and am almost sure the sky is falling”
Sunny and clear with no signs of a falling sky in my corner of the nation. However, that is no reason not to occasionally check to make sure that such status remains.
“It is the entire world economy that is a house of cards—rises and falls together.”
And when it all falls down, the people who will care the least and be the least affected are the millions of third-world peasants in Africa/south America/Asia etc who will continue living their “off-the-land” lifestyle they’ve been living for the past 5000 years—there just won’t be “youtubers” to come visit their mountain village and their “primitive” lifestyle anymore
You’re firing blanks, otherwise known as DUmmy rounds.
The CARES Act was #2 trillion, the largest spending bill in US history. It funded the lockdowns and destruction of small businesses. It empowered hospitals to fudge covid reports. It funded the “no evictions” for deadbeat renters. It funded the remote study at schools as well as the partitions in the schools. It gave teachers huge bonuses.
It was the biggest pork-laden bill with the most corruption that followed it ever in our history.
That is why it was passed overwhelmingly. Every politician got a piece of the action.
The dollar is to nations as a pedophile is to children.
Do you think that there is something non-inflationary about trillion dollar deficits monetized by the Fed under one person, but not another?
If so, you’re tragically mistaken.
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