Posted on 03/25/2023 4:47:43 AM PDT by FarCenter
Some banks have substantial commercial real estate loans out there.
That may be the next domino to fall.
Yeah, and Russia at war eliminates the Ruble, troubles with Swiss and German banks eliminate the Swiss Franc and the Euro, and nobody trusts the Chinese which eliminates the Yuan.
So what does that leave as a possible global currency? Japan’s Yen? Britain’s Pound?
Hardly.
The story of the de-dollarization of the world’s commerce is underlying the current developments, and the media are assiduously working to keep the story from the American public. Meanwhile, BRICS nations are openly talking about a future gold backed cbdc which would spell the end of the dollar as the world reserve currency. This will result in catastrophic inflation. It looks increasingly like the gold bugs are finally right, physical precious metals may soon become the only refuge for the average man.
The world of bad actors has given the Fed/Treasury a license to print money—and they are gonna ride this pony until it collapses.
I would like someone to explain how we are supposed to pay our taxes in gold—is there any scenario where that is possible?
The article fails in one extremely important set of facts........China is on it’s financial ass.
Banks all over the country are failing. Depositors can’t get at their money even from “good” banks. Regional governments have no money. Having relied on land sales for revenue, they can’t collect enough taxes to come close to the expenses when the land market no longer exists. Business is very bad and employees aren’t being paid. Some have worked as long as 16 months without a pay check.
China has in fact failed and there is no possibility at all of the RMB becoming the world currency standard
Soros, with a little help from the World Economic Forum, does it again... This time on a bigger scale, and STILL walks about as a free man..
George Soros had nothing to do with the fiscal mismanagement in the U.S. over the last 50+ years.
Yup. Just waiting in the wings with a global digital currency. Make sure your ESG and signed oath to satan are up to date.
Do I get to choose which of my hands the digital chip goes?
The subprime mortgage crisis of 2008 was when the Fed started making money out of absolutely nothing by buying US Treasuries directly.
11 years later, everyone looked around and figured that noting much bad happened because of it, so when COVID hit they turned the money printers up to 11.
To paraphrase Winston Churchill, the Dollar is the worst form of reserve currency in the world, except for every other.
The USA borrowed $200 billion so it could give it away to Ukraine, FOR FREE! That’s just ONE country, not including the trillions borrowed to give away to all the other countries in the world.
Now the succeeding generations are stuck with paying that bill.
“As of 2022, none of the world’s countries use the gold standard”
I’m going back to the security of Beanie Babies and Gone With the Wind decorative plates.
Asia Times, China influenced news outlet?
No, you get it right in the forehead, like all the other Conservatives the allow to be alive. *Kachunk* Ow!
Or which finger!?
FULL TRANSPARENCY:
Installation of democrats Barack Obama and Joe
Biden as presidents dedicated to the fundamental
transformation of America from a Constitutional
Republic with a capitalistic economic system to a
"woke", racist, oligarcy with a socialist/communist
economic system has created the current US bank
troubles and the end of dollar as the international
reserve currency.
The big secret is that pony been dead for a while the fed is just put wires on it and it’s making it dance around puppet like
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.