Collapse of the Global Economy and Rise of a New World Order!
US dominance is fading, and the rollout of CBDC's is coming fast...
Nick Moseder is back on Twitter! Follow me here!
In recent years the US dollar’s global dominance has come under significant threat, and there is a growing concern of a global financial crisis, which will ultimately result in the mass rollout of Central Bank Digital Currencies.
For over 60 years the United States has enjoyed the luxury of being the issuer of the dominant world reserve currency. Countries around the world have linked their currencies to the US dollar and held large volumes of dollars in reserves.
The reason for this is simple. Most international trade is done via the dollar.
Our dollar dominance emerged due to the size and stability of our economy, as well as the fact that the dollar was once backed by gold, which facilitated a level of trust between nations. They knew that if they traded using the US dollar, they could easily exchange dollars for gold at a stable price. Whereas, if they traded using a different currency, 1 million dollars could devalue to half of its worth the next day.
Now, even though Richard Nixon took us off the gold standard in 1971, the US dollar has remained the world’s dominant currency for the past 50 years due to the size and stability of our economy, and because Saudi Arabia once made an agreement with the US to only sell oil using the US dollar in exchange for protection. The Saudi’s continued use of the “petrodollar” in trade has allowed us to maintain significant leverage over nations around the world.
For decades, the US has enjoyed exorbitant economic privilege as the world’s reserve currency, wielding the ability to crush a nation’s economy overnight by imposing sanctions. With ease, the US could completely disrupt a nation’s ability to trade internationally.
Being the world’s dominant reserve has also meant that countries were heavily incentivized to invest in US treasury bonds (meaning buy our debt), and by placing these countries into debt, we could obtain economic leverage. The purchase of US securities also supports the US economy. As you can see, maintaining our foothold as the world’s dominant reserve currency is essential to maintaining economic dominance over other global superpowers, and stability within the Global Economy.
If we lost our place as the world’s leading reserve currency, all hell would break loose. Not only would this significantly reduce our power, but it would also cause massive volatility and instability in the global economy.
It is no secret that China seeks to challenge the dominance of the US. And as their economy grows, their currencies are gaining in strength. For years, China has been strategically gaining leverage over foreign countries via the belt and road initiative. By loaning out billions of dollars to foreign countries, with the stipulation that they will receive a massive discount if they pay back the loan using the Yuan, China has been exerting control.
Meanwhile, the US has been printing money like it is going out of style and placing our economy in free-fall. Since the Covid-19 pandemic, are now 32 trillion dollars in debt and facing 40-year high inflation. Our so called “leaders”, have rapidly eroded the world’s confidence in the US economy.
US fiscal policy is so bad we have become the laughingstock of the world. As a result of record high inflation, trust in our financial system has imploded around the world. One might even suggest that it is so bad, it must be intentional. No one could be this stupid, right?
Saudi Arabia's oil exports have decreased, and the Saudi’s have begun questioning whether they should continue to rely on the US for trade. To make matters worse, China recently brokered a peace deal between the Saudi’s and Iran, transforming themselves into a major power player in the middle east. On top of that, United States sanctions on Russia have driven Russia straight into the arms of China. All of which has strengthened the Chinese Yuan and weakened the US dollar’s dominance.
If this trend continues, we will quickly see the US dollar lose its dominance as the global reserve currency. But this situation is actually FAR more dire than the US losing its dominance, because China will not be taking over the world via the paper Yuan. Instead, they will be taking over via the “digital Yuan”. China is currently the world leader in digital currency and is quickly rolling out the implementation of their CBDC, the “digital Yuan” to facilitate global transactions. The Chinese CBDC is being viewed as a faster, more secure form of payment, and the US petrodollar, an antiquated system in free-fall. The strength, speed, stability, and convenience of the digital Yuan will further incentivize it’s use in international trade.
So, as China quickly takes over as the world’s leading reserve currency, we are also seeing a rapid shift to international trade being conducted via Central Bank Digital Currency. A system which has many concerns in terms of privacy, security, and centralization of power.
Now, ask yourself. What do you think the US will do in response?
One can easily predict that the US government will soon offer the “solution” of rolling out its own CBDC as a way to regain control and reestablish confidence in the US economy. Confidence which again, was lost as a result of the US government’s reckless spending, and hostility towards Russia. Fiscal and foreign policy which is so poor, that it calls into question whether or not it is intentional.
Consider for a moment that the implementation of a CBDC is the ultimate goal of the World Economic Forum.
With a CBDC, the feds will gain the ability to monitor and control all of your spending, freeze or seize your assets in the event that you might contest government tyranny, and as you can imagine, as we’ve already seen in China, with CBDC’s comes a social credit system tied to your spending habits.
So, you want to buy a gas-powered vehicle? You like to eat red meat? You want to purchase a firearm? That’s going to cost you! CBDC’s give rise to a whole host of concerns when you realize how it ties in with “The Great Reset”. I should also mention that CBDC’s depend on a digital infrastructure which is highly vulnerable to cyber-attacks, hacking, and power outages. You can probably envision how this would be problematic in a world powered by “renewable energy” like wind and solar, right?
With so much centralized power in the hands of so few, it’s almost easy to imagine that governments, in collaboration with powerful people around the world would want to use such a crisis as the Covid-19 pandemic to justify collapsing the global economy, when in turn they can justify the roll out CBDC’s isn’t it?
The FTX collapse, and current banking crisis, which further justifies the implementation of CBDC’s is only placing this global financial shift on steroids. Whether intentional, or the byproduct of horrible fiscal policy, there is a collapse of the traditional global economy happening before our eyes, and the rollout of CBDC’s is coming.
And it’s coming fast…