By Brandon Smith
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.
One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.
These sentiments are not only pervasive among mainstream economists, they are also all over the place within the alternative media. I suspect the main hang-up for liberty movement analysts is the notion that the globalist establishment would ever allow the dollar or the US economy to fail. Isn’t the dollar system their “golden goose”?
The answer is no, it is NOT their golden goose. The dollar is just another stepping stone towards their goal of a one-world economy and a one-world currency. They have killed the world reserve status of other currencies in the past, why wouldn’t they do the same to the dollar?
I wonder if Brandon is starting to suspect bible prophecy might be happening right under His nose ?
I wonder if Brandon even knows what day it is.
Disposable Meat Puppet to be thrown to the angry mob when used up.
It’s the unelected Obomination folks running him and the Deep State.
I think Buckeyebob meant Brandon Smith, the author of the article, not our less than illustrious (p)resident.
No i do not think Brandon nor many have a clue.
The spirit of the antichrist and many false prophets have been in the world for a very long time.
i believe we are seeing much of this war in real time. The Harlot and many of its daughters and false misleading teachings are being exposed and revealed in these days. Who will listen?
Back the last century I had an incredible History teacher who talked about this and taught me what the petro-dollar really meant.
Sell your 401ks people… I don’t think we’ll make this summer.
[…] have value, not the full faith and credit of a Deep State failed empire. As outlined in a previous article (A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status), the second […]