Are you one of the people who understands that the US dollar is quickly becoming worthless? Are you aware of the ongoing banking collapse of small and medium banks? Are you satisfied with 0.01% interest on your money? Can you explain why taxpayers bailed out companies and people who lost more that the FDIC guaranteed amount when Silicon Valley Bank closed?
If you have any faith in the fiat currency of the United States or the upcoming FEDNOW, please explain your reasoning since the whole world sees the loss of its reserve currency status. Or comment on the following article:
USD is suffering ‘stunning collapse’ as world’s reserve currency
Markets need to pay closer attention to the de-dollarization trend since the greenback is losing its power as a reserve currency faster than many analysts are noticing, according to Stephen Jen, CEO and co-CIO of Eurizon SLJ Capital.
The dollar’s loss of its reserve currency status accelerated last year when the greenback was used against Moscow as part of the sanction package after Russia invaded Ukraine. In 2022, the USD’s share as a global reserve currency fell at ten times the average pace of the past 20 years, Jen said in a report.
Convert your fiat dollars into something tangible like precious metals, food, tools, supplies or whatever else you will need when you realize that the Republic has fallen to evil and no one is coming to save us. At least no one in a physical sense.
David DeGerolamo
This has been predicted since at least 2015. Why now? To ramp up the fear porn and keep people from focusing on FEDNOW and CBDC.
If FEDNOW is started in July 2023 -- US Treasury payments will be routed through the parasitic European bank owned fake “federal” Reserve Central Bank.
I told House Financial Services Chair NC Rep Patrick McHenry I would start a re-call effort if he doesn’t lead a real effort get FEDNOW stopped. Volunteers contact: Allcomm1@protonmail.com.
FEDNOW is in it’s pilot stage since 04/01/23. The next move will be to activate the Central Bank Digital Currency system on top of FEDNOW infrastructure. THAT is full ON SLAVERY.
Massive inflation has been predicted since the beginning of massive printing. This began with the decoupling of the USD from gold when private US citizen ownership of gold bullion was outlawed, and was fully emplimented when Nixon stopped even foriegners to convert their dollars to gold. Massively increasing the currency without increasing available goods is the definition of inflation, so of course it has been predicted since well before the federal reserve was created.
However, for much of that time, cheap energy and industrialization were actually increasing the supply of goods, which partially offset the inflation. Further, agreements were made with Saudia Arabia to ensure other nations needed to hoard USD in order to buy cheap energy, so that market sucked up a great deal of currency off shore, reducing inflation at home. Further still, the USD had been very stable, due in large part to it’s historic lock to gold, and eventually due to other currencies locking to the USD… because it was stable (relative to other currencies… self-fulfilling).
Even so, the printing only increased, and double-digit inflation was the norm for the last 80 years or so. The system had been falling apart slowly for decades, forcing redefinition of how inflation is measured. I believe the dam broke due to the sanctions leveled against Russia: At a time of increasing inflation due to even higher printing, and much of our historic printing comming back home as oil can be had for other than USD. The world saw that their USD holdings could simply be confiscated at will. That, and the inflation meant the USD is no longer a stable store of weath, and ended it’s status as the world reserve currency…. so now *ALL* the currency massively printed over the last 80+ years is flooding back home, at the same time we are ramping up printing even more.
Slowly, now suddenly.
Tangibles, tangibles, tangibles! Food, water storage, gardening tools and seeds, medical, DIY library, gold, silver anything but federal reserve notes, which belong to the fed and not the government and most certainly, not to the people.
“At least no one in a physical sense.”
Thank you.
It is important that each generations collection of wealth be stolen through taxes and inflation!
there is no sweet ring to “full faith and credit” anymore