The End Of The US Dollar
Headline: US Loses World War III
Central banks around the world appear to be in a major transition and the US Dollar appears to be in trouble big time.
The total number of US banks has been on a 100-year decline, and several more are expected to close.
What will the consequences of all of this financial chaos and uncertainty be? For you? For us? For the US?
This article caught our team’s attention when preparing this post.
US bank trouble heralds the end of the dollar reserve system (3/26/23)
https://www.zerohedge.com/geopolitical/us-bank-trouble-heralds-end-dollar-reserve-system
“The era of dollar-based reserves and floating exchange rates that began on August 15, 1971, when the US severed the link between the dollar and gold, is coming to an end. The pain will be transferred from the banks to the real economy, which will starve for credit. And the geopolitical consequences will be enormous.”
According to this article and many similar reports, the US dollar has lost as much as 98% of its purchasing power since 1971.
A quick history lesson is in order.
Greenbacks (United States notes) were first issued March 10, 1862…from Gold to Greenbacks.
https://www.visitthecapitol.gov/artifact/greenbacks-united-states-notes-issued-march-10-1862
The 37th Congress (1861–1863) faced a financial crisis in 1862, as spiraling costs of war rapidly depleted the Union’s reserves of gold and silver coin, the only legal tender of the United States. After intense debate, Congress authorized the issuance of paper U.S. Notes (popularly called “greenbacks”), declaring them lawful money for all payments except interest on public debt and import duties. The Legal Tender Act, intended as an emergency measure, dramatically extended federal power and changed the nation’s monetary standard.
“Greenbacks—named for their distinctive color—were the first national currency of the United States. The notes, though not redeemable for gold or silver, were lawful money backed by the credit of the federal government.”
So is gold demand trending up or down right now and which Central Banks/countries are purchasing gold? It looks like Russia, China, India and Turkey are leading the charge with gold purchasing. #BRICS
30 years of Central Bank Gold demand (3/15/23)
https://www.visualcapitalist.com/charted-30-years-of-central-bank-gold-demand/
“Why Do Central Banks Buy Gold? Hedging against the eroding purchasing power of fiat currencies (i.e. the US Dollar)”
Not only are some of these countries increasing their gold reserves, they are also talking about creating a new currency altogether. It is as if one currency is being removed from circulation while new gold backed currencies are emerging.
New BRICS currency underway: State Duma Deputy Chairman (3/30/23)
https://english.almayadeen.net/news/politics/new-brics-currency-underway:-state-duma-deputy-chairman
POTUS Trump posted this on Truth Social recently and then suggested that the demise of the US dollar would be the equivalent of losing a World War.
Trump warns US on the road to the equivalent of “losing a World War”
https://www.foxnews.com/media/trump-warns-road-equivalent-losing-world-war
“Former President Donald Trump warned in an interview with Fox News' Tucker Carlson the potential for China to push a large portion of the world off of the dollar standard would be the equivalent of America losing a world war.”
It becomes quite clear that several countries are distancing themselves from the US dollar. Here are a few more links that shed light on this discussion.
NYP: The US dollar has become an at-risk currency (3/17/23)
https://moderndiplomacy.eu/2023/03/17/nyp-the-us-dollar-has-become-an-at-risk-currency/
China rallies countries against dollar as US bickers over gender (3/31/23)
https://frontline.news/post/china-rallies-countries-against-dollar-as-us-bickers-over-gender
And this story seems to include some added mystery. Lula was not able to be present for this meeting, but an undisclosed Brazilian official apparently signed this deal? Who had the authority to sign such a substantial agreement for Brazil? We can only think of one other person who might have this authority. We think logically, you decide.
Brazil, China strike trade deal agreement to ditch US dollar (3/29/23)
https://www.foxbusiness.com/markets/brazil-china-strike-trade-deal-agreement-ditch-us-dollar
In Trump’s recent interview around the 1:30 mark, he stated that we had already lost Columbia, Brazil, Iran, and Russia. China is on the yuan.
And it appears that India and 18 other countries are now trading in INR.
End of dollar: India uses Rupees rather than US dollars for International trade – 18 countries agree to trade in INR (4/2/23)
https://www.thegatewaypundit.com/2023/04/end-of-dollar-india-uses-rupees-rather-than-us-dollars-for-international-trade-18-countries-agree-to-trade-in-inr/
“India has offered its currency as an alternative for trade to nations that are experiencing a shortage of dollars, Bloomberg reported.”
Are you starting to get the full picture? The US dollar is in decline. The US dollar is becoming more scarce. The US dollar could potentially be in the process of being eliminated from circulation altogether.
Ask yourself why? Why would any currency ever be removed from the global market? What circumstances would need to be present for a currency to be ordered removed from the global market? If we are witnessing the end of the “greenback” and the closure of the US Federal reserve and its printing press, then maybe this was not just an art project? Out with the old, and in with the new?
Artist reimagines U.S. paper money designs
https://www.coinworld.com/news/paper-money/artist-reimagines-us-paper-money-designs.html
And to be clear, our team has no idea what all is going on and we have zero proof that the “greenback” is being removed from the global markets. We are NOT financial advisors or anything like that. We can only read stories, recognize trends, think logically, and utilize the discernment that God grants to each of us. However, we can say with confidence that gold backed currencies are on the rise, while the US dollar appears to be in a steep and rapid decline.
The lights are out in America and most people have chosen to watch Netflix rather than educate and inform themselves. It is vital to remember that we are all standing in the dark together. The lights have likely been turned off in the US for the sole purpose of keeping us from Civil War and destroying ourselves. In the end, those watching Netflix and choosing to ignore all of this chaos are basically using entertainment fixation as a coping mechanism. It can be too traumatic for some to watch the car crash happen so they look away, while others are able to run into the wreckage.
Welcome to World War III! Enjoy the rest of the show, either on Netflix or in reality, whatever you prefer.
Happy World Quantum Day - history in the making!