By Mike Johnson
Few Americans realize the huge advantage we have by our US Dollar being the world’s reserve currency.
Thanks to this advantage, we can purchase container ships full of real automobiles and real televisions and pay with keystroke-from-thin-air money.
This keeps the prices Americans pay artificially lower.
After WWII, our dollar was backed by over 20,000 tons of gold.
Then, during the Vietnam war, America greatly increased its welfare spending in addition to the huge war costs.
Providing both “Guns and Butter” made us financially shaky, which caused countries to doubt our solvency.
They (especially France) started a “bank run” of trading their dollars for the real gold.
In 1971, President Nixon stopped this redemption “temporarily,” which saved our last 8,000 tons of gold, but launched us on a path of massive inflation.
Temporary became permanent, and since 1971, the US Dollar's value dropped from 1/35th of an ounce of gold, to 1/2750th of an ounce of gold.
The dollar's purchasing power has dropped 99% since 1971.
The new 1971 scheme was a “petro-dollar,” backed by oil.
We made a global deal to protect oil-producing nations in exchange for them requiring all oil purchases be made with US Dollars.
This stabilized the dollar, keeping it alive as reserve currency.
Cut to present day.
After decades of abusing this advantage, other countries are tired of being financially bullied by America.
Our keystroke-from-thin-air dollars have imported inflation into their countries.
Our strong-arm diplomacy (and military) has sanctioned them, causing shortages, hardship and death in their countries.
We have even flat-out stolen hundreds of billions of dollars of their savings held in US financial institutions.
The world has had it with American bullying and the melting American dollar.
About ten years ago, Brazil, Russia, India, China and South Africa (BRICS) started their own system for international payments outside the dollar.
About 50 other countries have since joined them, including many traditional American allies.
The group just met this week, and distributed samples of BRICS currency notes that will be backed by commodities and gold.
This currency will instantly be more stable and valuable than US Dollars because it is backed by real, physical commodities and gold.
Since 2000, the petro-dollar fell from 75% of all global transactions to just 54% of all transactions.
Oil-producing countries have snubbed the dollar agreement and now sell oil in many different currencies, including gold.
The USA still claims it holds 8,000 tons of gold but many credible sources say all that disappeared to China during the Clinton administration.
You’ll find a fascinating rabbit hole with any non-mainstream study of Fort Knox.
Today, America’s debt and spending are totally out of control.
The BRICS are fully positioned to launch their new currency at any moment.
They already transact hundreds of billions between themselves without using the US Dollar.
As these countries dump the trillions of dollars they already hold, those dollars return to America, creating hyperinflation here.
Cheap imports to America will increase in price not by percentage, but by many MULTIPLES of the current price.
Other countries do not want to hold a melting dollar so imports will have to be bought with gold, real goods or the BRICS currency.
A massive reset is imminent.
“Reset” means your dollars will suddenly be worth-less, perhaps 90% to 100% worth-less.
This type of reset will likely occur without notice, on a Friday night, with an extended bank holiday going into the next week.
This is why the smart money has been dumping their stocks, bonds and paper assets and converting the cash into real goods, real income properties and real assets that will survive the change from dollar to BRICS (or perhaps something digital, a total behavioral slavery the cabal would prefer).
When the crash occurs, your banker and broker will want to return your savings, but the people who owe them won’t be able to pay because their assets will be lost too.
This daisy-chain of default is called counter-party risk.
A promise to pay is not the payment itself.
What can’t be paid, won’t be paid.
If you can’t touch it, you don’t own it.
You don’t hear much about this in mainstream media because they want YOU to take the losses, not their owners who run the worldwide cabal.
They want you to remain ignorant right until the moment they spring the surprise.
This is yet one more good reason to abandon mainstream media and do your own research.
Once you do, you'll quickly learn that this world is NOT as it's publicly presented.
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More:
Nigeria Refuses to Accept Dollars For Oil
Banker of Bankers, The Devil's Prince, Says "WWIII Has Already Started"
Advice From Zimbabwe's Hyperinflation
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