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Wednesday, December 9, 2020
The Truth about The World Currency and The Endgame Reset
The Truth about The World Currency and The Endgame Reset
The west - former colonial powers and the US - has looted the rest of the world for the past few centuries. They have done so through control of the world's reserve currency (the English Pound and then the US Dollar) and use of their military. Look at what happened in China. Losing their silver reserves to China over their purchase of tea, silk, and porcelain, the British addicted the Chinese to opium and sold it to them, fighting two wars with China to maintain their 'right' to do so (the Americans piggybacked onto the British effort selling Turkish opium instead of the Indian produce provided by Britain).
Read 'Confessions of an Economic Hit Man' on how the west lends third world nations enormous sums secured by raw materials.
The US dollar should have lost its reserve currency status under Nixon when gold reserves dwindled. The US kept its place via the 'petrodollar' with the Saudis agreeing to sell oil only for US Dollar. The US has maintained its position only by force - eliminating any regimes that sought to change this arrangement.
Up until now, the rest of the world has viewed the $US as a safe haven. Trillions of Dollars are held overseas as cash, travelers' checks (a safer way to hold 'cash' - you can replace stolen funds), and $US denominated debt. US dollars are such a safe haven that good counterfeits are preferred to local currency in places like Africa.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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