For your consideration ...
Glennn Diesen: Brazil and China are liberating themselves from the US dollar. This means not paying the cost for US inflation, and also reducing vulnerability to US sanctions.
^That statement, though short in its explanation and over simplified, is the huge, in-your-face, warning sign, saying,
DANGER AHEAD!
It's not just China and Brazil though. Russia, Saudi Arabia, Iran, Venezuela, India, Turkey, Singapore etc., are accepting, or paying in, anything other than US dollars for energy trades. And guess what happens when those dollars that were once held in reserve in those countries, aren't needed anymore? The US dollar/petrodollar hegemony comes crashing down and those trillions of dollars, (China alone holds over $3 Trillion), will be repatriated back here to the US causing sever hyper inflation destroying the US economy and pushing everyone into immediate poverty.
This is an extremely serious situation that few even understand, nor comprehend the devastation that is headed our way. This the de-dollarization of the world's leading economies. Economies in countries that have their own more stable currencies. And we haven't been making friends of late. In fact, we've gotten very good at making enemies, which is one of many reasons countries are starting to drop the dollar.
Now, if Saudi Arabia goes full stop trading in US dollars, (which would end the Nixon created US/Saudi petro-dollar agreement), who do you think might step up to take the place of providing that military security which the US now provides to Saudi Arabia? China? Russia? Iran? India? Brazil? South Africa? Two or more countries forming an alliance together to protect Saudi Arabia and other oil producing countries? Can you see the writing on the wall here? If this happens,
we will be at the mercy of every oil trading country.
It cannot be stated with anymore urgency, that we are on a collision course with ourselves from our past and current polices brought upon us by our own government, in coordination with the evil machinations of the Federal Reserve.
Soon, if this keeps up, all will soon realize the intrinsic value of the dollars in their pockets ..... zero.
Convert those dollars you currently hold into something useful, that holds its value. Because soon, you may not be able to do so.
