Over the last few weeks, it has seemed you can’t turn a page, blink at a pixel, or hear a news report without some form of de-dollarization headline shrieking at you. From Brazil to Saudi Arabia, and from India to Argentina, and increasing number of nations are ‘reportedly’ shifting away from the dollar hegemon.
Some recent headlines:
- “No Reason” For Malaysia To Rely On US Dollar, PM Warns As Yuan Influence Grows
- De-Dollarization Just Got Real
- Here Are 7 Signs That Global De-Dollarization Has Just Shifted Into Overdrive
- De-Dollarization Has Begun
Eyeballing the Dollar Index (or some other broad index of fiat relativity) drops modest hints but the nature of the relationship of one un-backed currency against another makes that comparison worthless in the longer-term.
But below the surface, the dollar’s fecal matter is striking rotating objects at an increasing pace and Stephen Jen – infamous for his coining of the ‘dollar smile’ while at Morgan Stanley which posits that the US Dollar tends to do well when the economy is soaring or slumping – recently quantified just how rapidly the de-dollarization is ocurring.
Jen, who now runs money at Eurizon SLJ, warned in a recent briefing note, that the dollar is losing its reserve status at a faster pace than generally accepted, as many analysts have failed to account for last year’s frantic swings in exchange rates.
Removing the US dollar as the world’s reserve currency has been in play in the alt-financial media since 2017 and earlier…
2016 was when Porter Stansberry started trying to scare people into investing with him using the threat of the global reserve status of the US dollar being replaced by “currency baskets.” He referenced fake legislation that congress was supposedly passing to make it happen… and when you looked it up, HR whatever bill was about funding for PTSD dogs.
Anyway, all of this is to tank the US economy, rack up excuses for more inflation, and cause market chaos at levels that will impact regular people. They want everyone on a federal financial support tether to their Central Bank Digital Currency system in a Universal Basic Income (UBI) program remember? The FEDNOW system -- being piloted as we speak -- will make sure they are ready to transition all of us over to our brand new forced crypto wallets andby 2025, the CBDC-based UBI. Hello 100% SLAVERY.
During 2020 alone, the parasitic “federal” Reserve private central Bank cartel, moved $6.1 TRILLION of private US citizens’ assets to their side of the balance sheet. And during 2020 -- 2021 the baby-eating fedsters injected $5 TRILLION into the monetary system to send inflation up and make sure groundwork was set for the major financial system crash that they and their globalist buddies have been planning and rehearsing all along. In 2020 alone, they gave themselves a scamdemic bail out that equated to one Bush-Obama Troubled Asset Relief Program (TARP) ($970 Billion) A WEEK.
If you don’t understand what the BIS’s Going Direct Reset is, watch these videos:
$$ European Central Bank Preparing for Bail Ins & Banking Collapse
$$ The Big Banks and the IMF Plan on Stealing Your Money