Originally appeared at ZeroHedge
Russian President Vladimir Putin succinctly summarized the shifting tectonic plates of geopolitics.
Vladimir Putin: "The Dollar Enjoyed Great Trust Around The World. But For Some Reason It Is Being Used As A Political Weapon, Imposing Restrictions. Many Countries Are Now Turning Away From The Dollar As A Reserve Currency. US Dollar Will Collapse Soon." pic.twitter.com/03WunqgCDd
— Ben Rickert (@Ben__Rickert) November 15, 2019
First he explained the status quo…
“The Dollar enjoyed great trust around the world. But, for some reason, it is now being used as a political weapon to impose restrictions.”
Then Putin explained the consequences…
“Many countries are now turning away from the Dollar as a Reserve Currency.”
And ultimately what happens…
“US Dollar will collapse soon.”
And just like that, it was gone. Remember “nothing lasts forever”…
As Bloomberg reports, Russia’s central bank has been the largest buyer of gold in the past few years.
Source: Bloomberg
Of course, Putin is not the first (and won’t be the last) to suggest the end is nigh for the dollar…
The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
“The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank. “The solution to this is to replace the national currency with a global currency.”
Warren Buffett once explained that “for 240 years it’s been a terrible mistake to bet against America, and now is no time to start.”
We don’t mean to rain on his parade too much, but the following charts suggest time is ticking, as the world transitions from dollars to non-fiat reserves…
Source: Bloomberg
One world government: UN One world military: NATO One world police force: INTERPOL One world news media: Facebook One world currency: ???
1984 is comming closer and closer each day.
Do yourself a favor and read it, its so scary that George Orwell back in 1949 saw this comming! Replace the word “Telescreen” in the book with “cellphone” and everything falls in place. Do not see the movie, the movie is totally garbage and leaves out so much stuff that the book contains. And get the oldest edition you can, they have already started to “edit” stuff in the never editions.
It is not necessary to read Orwell, everything is explained in the Protocols of the Elders of Zion.
Netanyahu has stated that once israel is done using the US it will blow away like dust in the wind. The same thing happened to the USSR once the Bolshevik’s & (((Russian))) Mafia used it up. The world order isn’t what currency is used, but rather who controls that currency. Just ask Germany, Iraq, Libya, or Syria what happens when the (((tribe))) doesn’t control your money.
They have already lost the war.
US Dollar is of course not US government (national) currency but privately owned Federal Reserve Bank currency! It is actually the currency of the international cartel of central bankers (masquerading as US currency). World Bank is part of that, so all they are saying above is that “our old currency should be replaced with our new currency” (same difference). They hope to continue the central bankster currency scam for another few decades. Nations have lost much of their wealth to the previous scam – and that doesn’t include the crippling indebtedness the IMF has imposed everywhere – and they would be well advised to put all the banksters in prison for extreme fraud. The World Bank does not have any solutions that will benefit us, the people. They will probably try to tie it with the UN, and then we will truly have a One World Government tyranny over us. It is already there, but a UN currency would make it much more powerful and tyrannical.
Someone made a practical argument about the dollar. Everyone has trade surpluses w/the U.S. which means they accumulate extra dollars in their banks. It is simply convenient for them to use those dollars to then settle trades with each other.
What can they do to break this simple math? I say use those dollars to buy gold and create a new currency that is only used to settle trades which is backed by gold. I suppose this is what Russia and China are doing because they are buying gold that they can convert into their own currencies.
3 words: The Fascist-Capitalist-Imperialist West is falling soon just wait and see, comrade!