Are Russia and China About To Announce The End Of The US Dollar Era?
Jeff Berwick
GoldSeek.com
Thursday, 15 May 2014
Countries all over the world are meeting for a purpose that concerns you greatly, whether or not you’re American: disuse of the US dollar.
Since the outbreak of the Ukraine crisis the end of the US dollar seems closer than ever. In move-after-move, Russia and China have become closer allies. There are numerous examples of this. For brevity’s sake, two recent examples catch the eye. Gazprom issued bonds in the Chinese Yuan and Russia and China also signed a gas deal. There are many more examples. 40 central banks have even placed bets on the yuan as the future reserve currency.
Until 2014 tales of dollar collapse seemed to be for conspiracy nuts, as geopolitics only faintly reflected this seeming reality. This year, that all has changed. It seems nation-states the world over are making moves towards a post-US Dollar world. It is not a matter of “if,” but “when,” and if you don’t understand this coming-to-pass you will be in for quite the shock…and awe.
Once Russia, along with numerous allies, makes the fateful move, you can be sure many nations will follow. They already are trying to do so. Why? Because the US is the most destructive force on the planet, and it’s achille’s heel is its “exorbitant privilege” known as the US dollar by most, and the Federal Reserve Note by those “in the know.”
This will spell hyperinflation, social chaos, civil war, among other dislocations. Think this is hyperbole? It’s not. To know that all one needs to do is look at the history of socialist banana republics…and then imagine something much, much worse. Why much worse? Because none of those banana republics were issuer of the world’s reserve currency. The US doesn’t produce a thing except the US dollar which are extremely easy to print as one man in Canada proved. He printed millions of dollars with a simple operation and circulated them. Moreover, Canada chose not to extradite him so he is a free man.
And so major nation-states are joining together to move beyond the dollar system. A “de-dollarized” world, as it is called in Russia, will change the lives of millions of Americans.
The Rest…HERE
