Dollar Devaluation and Destruction of America Pick Up Steam
July 11, 2010
Back in January Lindsey Williams’ insider sources told him the dollar will be devalued within a year. In response, oil and food prices will rise significantly and the elite and banksters will move assets into gold and silver.
On Friday Fortune reported that central banks are now abandoning the dollar as the world’s reserve currency. Morgan Stanley says the dollar is rapidly losing its status. “We already knew that central banks have preferred gold to dollars,” writes Fortune, but it now “seems that those central banks prefer almost anything to dollars.”
Both the United Nations and the IMF urge dumping the dollar as the world’s reserve currency. Last year, both China and Russia questioned why the dollar should hold this status.
The dollar is unsafe because of the U.S. national debt. Over the last few years bankster grocery clerks in Congress and the White House have managed run up an astronomical debt and this has destroyed the dollar. As Fortune notes, two weeks ago America’s debt went up to $166 billion in a single day, a single day run-up greater than the entire U.S. annual deficit in 2007.
Fortune, of course, blames the American people for all of this, not the banksters and their buddies in the district of criminals. “Americans, the world’s consumers, continue much of the behavior that helped the U.S savings rate drop so low,” writes Heidi N. Moore.