US Dollar "Finished"... Again

in crypto •  2 years ago 

US Dollar ‘Finished’, American Empire in Peril As Strategic Rivals Target USD: Ex-Goldman Executive

Charles Nenner, who worked as head of market timing at Goldman for over a decade, says he’s reversing his long-held belief that the dollar will remain strong.

"They especially underestimate this BRICS [Brazil, Russia, India, China and South Africa] situation, and all the countries will be forming an anti-dollar… Saudi Arabia is coming onboard, and that means the end of the dollar as the reserve currency.”

“The same issues that finished other countries like bad education, too many outstanding loans and people will become too lazy to really do hard work. That usually means the end of an empire.”

But the woketard collapse looks very much planned, hence being orchestrated for a reason, a larger reason - to bring everyone under a global corporatism.

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  ·  2 years ago  ·  

American Currency Dominance at Risk As China, Russia and Iran Conspire To Dump Dollar: Treasury Secretary Janet Yellen
https://dailyhodl.com/2023/04/22/us-dollar-at-risk-as-china-russia-and-iran-conspire-to-dump-usd-treasury-secretary-janet-yellen/

Yellen says that while the weaponization of the US dollar is a very effective tool in deterring bad behavior on the global stage, it could have the unintended consequence of countries coming together to circumvent the sanctions.

haha, she admits the currency has been weaponised... then moans that other countries defend themselves. Poor theatre.

  ·  2 years ago  ·  

For all the venom directed at Gary the Goosehandler, he says a few things that many seem to skip. His concerns re the shadow banking system - of which crypto is a small part - and the growth of private wealth, means that the visible "markets" are not where all the action takes place.

We are seeing now the obvious consequence of corporate existence; that some corporations can easily outgrow any territorial jurisdiction, and that any rules are merely there to keep down the little people while allowing the corporate empires to grow.

the big lie is that this isn't happening. I always thought this was the obvious endgame - unless any gov has the balls to change corporate law... and risk destruction.

  ·  2 years ago  ·  

Everyone should sit down and think about how they personally navigate these turbulent seas. This depends on circumstances, resources, location and thinking about what is worth the most. No point stacking gold if you can't defend it, for example.

  ·  2 years ago  ·  

Political vocabulary such as fascism and communism are mental diversions - this is corporatism, and worse, this is a pathocratic tyranny at the same time. There are no agencies left to save homo fidelis from himself.

Believe anything and you can believe everything.
Believe nothing and raise perceptions - but that seems to be really hard, almost impossible, for most people, as they cling to one belief in order to tear away from a different belief. They are just different cells in the same mental prison.

  ·  2 years ago  ·  

BRICS Leader Says Talks on New Global Currency Incoming As Countries Question US Dollar Reliance: Report
https://dailyhodl.com/2023/05/10/brics-leader-says-talks-on-new-global-currency-incoming-as-countries-question-us-dollar-reliance-report/

“[They] are saying why can’t we trade in our own currencies? Why are we committed to trading through the dollar?