The US Dollar has been the most powerful currency in the world for 80 Long years and like we saw in the previous episode, this reserve currency status gives the United states such unprecedented power over the world economy that it can cripple the economy of any country within a fortnight! and because of this power, it has even dominated giant players like Russia and China!! but you know what?? this is where China and Russia have come up with a master plan to kill the dollar dominance in the world!! and if you look at the past 10 years’ data, you will see that it’s actually working out!! In 1999, USD had a 71% market share among the global reserve currencies but in the past 10 years, it has dropped to less than 59% and in the next 10 years, if this strategy of China and Russia works, we are seeing the rise of a new reserve currency

So the question is,
What is the master plan of China and Russia to kill the dollar dominance in the world?
How do they plan to dethrone the US from the superpower status of the world?

THE GLOBAL RECESSION:

On a really, really overly-simplified scale, it’s easy to see how one failing economy could effect the demand of another, while increasing costs on another, and causing a cascade effect throughout the entire world.

In this case, higher energy costs result in higher inflation…higher interest rates…reduced demand…supply chain shocks…and, before you know it…we’re in a global recession.

To me, it’s not rocket science to see that China’s lack of growth would result in fewer US Exports, less international investment, and less profits for the businesses that we invest in – but, solving the issue isn’t going to happen anytime soon – and, most likely, it’s going to serve as a reminder that – each country will have to adapt for the option of producing their own materials “in house” to avoid future shortages.

Realistically, though…it seems like, the most plausible scenario is that “both the United States and the euro area experience near-zero growth next year, with negative knock-on effects for the rest of the world” – which, basically means, our economy will need to cool off, before pushing forward.

In a weird way, less demand is desperately needed, and could help bring down inflation to the point where interest rates won’t need to constantly increase. But, for the foreseeable future, it’s probably best to pay attention to how much you spend, keep a diligent budget, continue investing as usual…and, stay employed…because, most likely – we’ll have to wait for these conditions to improve before the entire world can continue grow…hopefully….in a way that benefits everyone.

In conforming to the accepted normal standards expected of a free and open democracy, this report notes, the Kremlin gave a detailed account of the talks, stressing their “candid and businesslike nature”—talks wherein both President Putin and Biden agreed that those who fell in the cause of victory during World War II should not be forgotten—while the White House briefly mentioned “ransomware” had come up during the talks, the Kremlin revealed that both sides “expressed readiness to continue interaction” in fighting cyber crime, on both technical and law enforcement levels—saw President Putin proposing that both Russia and the United States remove all the accumulated limitations on the functioning of embassies and consulates, imposed over the past seven years in tit-for-tat sanctions, and thereby normalize diplomatic activity—saw Biden voicing concerns about the imaginary Russian plan to invade Ukraine in January, an accusation by American spy agencies that Moscow has called “fake news”—imaginary concerns President Putin replied to by noting that it was NATO making aggressive moves against Russia, including in Ukraine, stated that Moscow was interested in getting firm legal guarantees that the US-led alliance would not expand any further to the east, or deploy offensive weapon systems in any countries bordering Russia, which includes Ukraine, and also saw him denouncing the “destructive” policy of the Kiev government, saying it aims to dismantle the peace agreements in eastern Ukraine.

Security Council Members in this transcript, who yesterday noted how the United States was prepared to start World War III during the Cuba Missile Crisis unless it received firm legal guarantees from the former Soviet Union that the Caribbean island nation of Cuba wouldn’t be allowed to house offensive weapons 90-miles off the coast of Florida, agree that the most factual analysis of this current crisis was made by former White House official Patrick Buchanan, who as the top advisor to Presidents Richard Nixon, Ronald Reagan and George H. W. Bush during the darkest days of the Cold War just released his warning letter “Putin To Biden: ‘Finlandize’ Ukraine, Or We Will”, wherein he correctly states President Putin’s position as being: “Either the U.S. and NATO provide us with “legal guarantees” that Ukraine will never join NATO or become a base for weapons that can threaten Russia — or we will go in and guarantee it ourselves”—a warning backed by history, as during the Cold War, the Nordic nation of Finland was known for its practice of abiding by the Soviet Union’s foreign policy rules while maintaining its national sovereignty and separate political system, called “Finlandization”—and in knowing this history, is why Finnish President Sauli Niinistö warned the socialist Biden Regime this week: “With the Russians, the most important thing is not to undermine relations and not to ignore them”.

Unlike Russia adhering to normal standards expected in a free and open democracy to honestly inform its citizens of these talks, this report details, the White House published a brief statement of five sentences about them—a deceitful practice used by socialist regimes like the former Soviet Union to keep truth hidden, and in place of honesty utilize propaganda to craft whatever lying narrative they’re attempting to deceive people with—best exampled in this instance by leftist Washington Post “Deep State Mouthpiece” so-called journalist David Ignatius, who infamously first started spreading the Trump-Russia collusion hoax lie, publishing his lie filled screed “At The Ukrainian Border, Putin Stands On The Edge Of A Precipice”, wherein he comically states about the five sentences released by the White House about these talks: “The initial White House readout was terse and opaque”—a ludicrous statement quickly followed by National Security Advisor Jake Sullivan refusing to answer reporters’ questions if the world is a safer place after the Putin-Biden meeting—next it saw Secretary of State Anthony Blinken declaring that Russian and Chinese efforts to disrupt global order are serious mistakes—then it saw Under Secretary of State Victoria Nuland threatening: “What we are talking about would amount to essentially isolating Russia completely from the global financial system, with all the fallout that would entail for Russian businesses, for the Russian people, for their ability to work and travel and trade”—and after the American people were pummeled for hours yesterday with this socialist war hysteria propaganda, it saw United States Senator Roger Wicker, the second-highest ranking Republican on the Senate Armed Services Committee, proclaiming like a madman: “Military action could mean that we stand off with our ships in the Black Sea, and we rain destruction on Russian military capability…It could mean that we participate, and I would not rule that out…I would not rule out American troops on the ground…We don’t rule out first use of nuclear action”.

The conclusion section of this transcript sees Security Council Members noting President Donald Trump saying that Biden’s meeting with President Putin was “like the New England Patriots playing your high school football team”—a confusing reference for these Russian officials that caused them to review the just published Wall Street Journal article “With Just Three Passes In A Win, Bill Belichick Paints A Masterpiece”, wherein it says about the legendary football coach President Trump compared to President Putin: “On a windy night, the Patriots beat the Bills while passing the ball only three times—the fewest since 1974…It was a game that revealed the continued brilliance of the all-time great coach”—an article wherein Chairwoman of the Council of Federation Valentina Matviyenko noticed it cited New England Patriot quarterback Mac Jones saying “I have never seen snow”, but whom she says might soon see plenty of in the fast looming “Nuclear Winter” if these deranged socialist demons aren’t stopped—and whose speed towards this apocalypse gathered steam today after President Putin defiantly declared: “It would be criminal inaction on our side to spinelessly watch all that’s taking place when it comes to the prospect of neighboring Ukraine joining NATO….Russia conducts peace-loving foreign policy, but we have a right to provide for our own safety”.

The Dollar Will Collapse on  2021 – Last Warning To America
This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets.

When you watch mainstream media or listen to central bankers, gold is constantly deemed to be the redheaded stepchild of the investment industry.In past issues, we’ve documented increasingly concerned billionaires warning of dangerous economic times. Many have favored gold as an alternative allocation in a world where $13 trillion-worth of debt is negative yielding, interest rates are artificially suppressed and we’re on the brink of major wars.

Over the past few years, many experts have been warning of a crisis heading our way. More specifically, the concerns have centered on the inevitable collapse of the U.S. dollar. One of these individuals is former Congressman Ron Paul, who has stated that he believes the U.S. financial system is on the road to disaster. In this article, I’ll share some of his views and discuss what could happen if such a crisis materialized.

Currency Crisis

According to Congressman Paul, a U.S. currency crisis is inevitable. At one point in the 1980s, while riding on Marine One with President Reagan, the President said, “No great nation that has abandoned the gold standard has ever remained a great nation.” A few decades ago, former Fed Chairman, Alan Greenspan stated, “In the absence of the gold standard there is no way to protect savings from confiscation through inflation.” Without a gold standard, there is nothing to limit government spending. In short, as long as the government is able to overspend, the national debt will be the norm rather than the exception.

Since the gold standard was abandoned, what is backing our currency? Confidence! Without a hard asset backing up the dollar, it is supported only by the “full faith and credit of the federal government.” If the world lost confidence in the greenback, its value would plummet and life as we know it would be severely and forever altered. How will we know when the next crisis is about to emerge?

The first sign of a currency crisis, according to Paul, will be a precipitous decline in the value of the dollar. A collapse in our currency would result in a spike in inflation. It would also be accompanied by an increase in U.S. interest rates. Paul’s prediction, although rather dire, is for the collapse of the entire U.S. financial system. If this occurs, the systemic risk would be massive. If the U.S. financial system actually did collapse, it would take the entire global financial system with it. Why? Because there is over $18 trillion in U.S. debt outstanding, with China and Japan being the largest holders. A U.S. collapse would devastate the entire globe. Let’s turn our attention to the national debt, an issue which weighs heavily on the minds of millions of Americans.

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Russia and China in particular have been aggressive buyers of gold and it is certainly possible that sales were engineered to provide liquidity to the market and to ensure additional economic leverage accrued to BRICS countries.

In addition to China buying physical bullion, they have also made strategic moves to supersede western commodities exchanges. Back in April, the Shanghai gold exchange launched a new benchmark price fix for the metal to challenge the long established, Rothschild created, benchmark in London as well as the COMEX exchange in New York.

China isn’t the only country in Asia leveling the playing field. In July, Japan’s TOCOM exchange announce a new physical market for gold where market participants can trade gold in futures and physical at more transparent prices.

As we’ve pointed out numerous times, Western elites are working overtime to “even out” the economies of developing and developed countries. In fact, this is one of the reasons for the creation of the BRICS – to make clear that there is a formalized alternative to Western economies.

It should be clear to anyone who examines the position of the BRICS closely – especially China – that Western powers have played an extraordinary role in elevating the industrial might of these countries.

The idea of course is to facilitate further globalism and eventually world government. But presumably not all central banks are eager to support this strategy at the expense of their own solvency.

In other words, central banks may have been content to sell gold in the past, but now faced with an oncoming financial hurricane they are having second thoughts – as well they should.

In fact it may have occurred to central bankers that the solvency of their own institutions has been purposefully jeopardized because a global central bank will likely have little need for local and regional ones.

With gold spiking nearly $70 at one point during today’s trading, today the top trends forecaster in the world warned King World News that the global crash of 2016 will be twice as devastating as the 2008 collapse.

Gerald Celente:  “Well, people should be scared to death of deflation.  And it’s more than oil prices that are deflating.  According to the Bloomberg Commodity Index, commodities have now plunged to 1991 levels.  Eric, this deflation is really a global depression….

 “We are now looking at the Panic of 2023 and the second round of what has been politely called the ‘Great Recession.’  And for many countries it’s going to be a full-blown depression.  That’s why prices are plunging across the globe, along with worldwide stock markets.”

It is getting to be VERY interesting times when central banks are counterfeiting their own currencies and buying gold mining stocks with the proceeds! We’ve been buying gold and gold stocks for years because we knew we’d arrive at this point in time when things started to get crazy. The craziness has just begun, by the way, and there is still a long way to go and we expect gold and gold stocks to be much, much higher in the next few years.

My suggestions are these: Keep an eye on the price of gold. Watch for a spike in interest rates, especially for the 10 year U.S. Treasury bond. Anticipate the beginning of a sharp correction in the stock market. Look for a sharp fall in bond prices associated with panic selling. Another QE may be tried but will not restore confidence the next go-around. The money lost in the coming bear market in bonds will far exceed the very big losses that will occur in the stock market. Turmoil will surely come to Wall Street and beyond.

Let people know that they need to plan and prepare. Being prepared looks like – water, food, meds, firearms, ammo, weapons, tools, alternate currency, alternate energy, alternate travel, self reliance, growing food, being healthy, and being informed. – its going to get bad ..!

That the Global Crash of 2016 is going to be twice as devastating as the one in 2008.  The central bankers of the world have built up a massive debt bubble of over $225 trillion, and now the bubble has burst.  The damage will not only rattle global markets, it’s going to hit everyone.  And the chaos is going to spread wide and far.  People better prepare for this.  They better learn how to survive and prevail.” Rebalance once or twice a year. That means regularly skimming off profits from any asset class that has grown substantially. That will protect you from losing most of your savings in an economic crisis.

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Generally, most people are optimistic. This makes them unprepared for failure. However, the best thing is to prepare for worst times. It is important to tell your kids about earthquakes, fire outbreaks, extreme weather conditions and other calamities. Tell them how to deal with these calamities in case they occur.

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SOURCE : https://www.mydailyinformer.com/how-russia-chinas-economic-strategy-is-crushing-the-dollar-currency-wars/