For his opening monologue and first interview tonight, Fox News host Tucker Carlson outlined the ramification of non-western nations now trading in alternative currencies to the U.S. dollar. {Direct Rumble Link Here] As the dollar diminishes in value, and as an outcome of Biden using U.S. treasury bonds as part of the sanction regime against Russia, various non-western nations now perceive holding dollars as exposing themselves to risk.
Carlson is joined by Luke Gromen who accurately notes the dollar as a global trade currency may continue, but foreign nations holding U.S. treasury bonds as an asset will likely start contracting. The result of U.S. treasury bonds returning after maturity with no repurchase, would be an inability of the U.S. to borrow against their sale. This could, perhaps likely will, severely diminish the amount of money the U.S. congress can spend. WATCH:
None of this should come as a surprise to those who have paid attention. Factually, in March of last year, one month after the Russian sanctions were announced, the International Monetary Fund’s (IMF) Deputy Managing Director said the sanctions against Russia are likely to undermine the US dollar’s global dominance as a trade currency. Everyone could see this coming.
(Inside Paper) – March 2022 – […] “The dollar would remain the major global currency even in that landscape, but fragmentation at a smaller level is certainly quite possible,” Gopinath said in an interview with the Financial Times. She went on to say that some countries have already begun to renegotiate the currency in which they are paid for trade.
According to Gopinath, the drastic restrictions imposed by Western countries in response to Russia’s military operation in Ukraine may result in the formation of small currency blocs based on trade between individual groups of countries. Furthermore, the use of currencies other than the dollar or the euro in global trade would result in a further diversification of central banks’ reserve assets. (read more)
The efforts of NATO and the western alliance to crush the Russian currency have failed. The Russian ruble currency has jumped back from the sanctions and is now even stronger than before the sanctions were put into place.
With China and India supporting ongoing trade with Russia, and with Saudi Arabia responding coldly to the U.S. working on a deal with Iran for nuclear weapons, the geopolitical strategy of NATO, G7 and the proverbial western alliance increasingly looks like it will backfire.
Yellow Team -vs- Gray Team: Remember, China just brokered a deal to lessen hostilities between Iran and Saudi Arabia. The fulcrum of that agreement was economics.
Meanwhile in North America, Mexican President Andres Manuel Lopez-Obrador has said he was not willing to join the energy suicide pact pushed by Joe Biden and Justin Trudeau…. A policy break in the trilateral relationship which suddenly, and not coincidentally, aligns with the timing to make Mexico a pariah to the U.S. vis-a-vis a renewed media push on the drug cartel narrative.
BIG PICTURE NOT BEING DISCUSSED – The western politicians followed the climate change instructions of the WEF multinational corporations and banks (Build Back Better) and post-pandemic immediately started reducing energy development. The central bankers then began raising interest rates to shrink the economies of the same western nations to the scale of the now diminished energy production.
The raising of interest rates is now hitting the national and multinational banks impacted by government policy that was following WEF orders. Now the western politicians are stepping in with the government controlled central banks to backstop the national banks and multinationals. Can you see the dynamic?
Team yellow is suffering the consequences of their own ideological policy as enacted. Team grey is not going to help team yellow get out of a crisis team yellow created, which was intended to hurt team grey.
…. And we continue watching.
So now we know the purpose of digital “currency”
no identifiable source
Digital currency requires management of its balances and ledgers by a central authority… careful. It never takes physical form…perhaps a way to control the masses in the future?
Cryptocurrency (not quite considered legitimate by the Fed or U. S. Banks, yet) is also digital currency (exists on a blockchain) and has no central authority regulating it, yet….
El Salvador is using Bitcoin as national currency for over a year+ now….
US isn’t regulating because, they want us own digital currency and because they can’t figure out how to regulate crypto without people knowing they are getting ripped off.
Sort of why we are not allowed to barter, CB has no control over it; they must find a hidden way to tax.
And it doesn’t matter how much they get, it’s never enough. Gov’t is the very embodiment of greed, sloth, and irresponsibility.
The +150 cryptocurrencies run on public ledgers prove this wrong.
The primary weapon US government is using to get rid of this competition is the capital gains tax.
Any currency or debt you hold, in any form, is a transaction half made.
Time to get rid of the 16th amendment and direct taxation of the citizenry in violation of the original constitution?
Election fraud and manipulation are not new. Trump’s 2020 election results were so far past the red line of truth and honor that even the courts wouldn’t take the cases up for fear of being dealt with.
Was the 16th amendment actually “ratified” by the requisite states before direct taxation took place, by the way to go around constitutional limitations? What deal did Harding make? Heck, what deal did Grant and the legislators make before him? Can anyone say Shenanigans?
History is full of surprises as they affect the future…
No, it was not ratified.
Suicide by Biden.
National murder by Biden. The slaughter of most of America.
Obama is doing this. Biden’s brain is blotto. I doubt he can find the bathroom.
You are both right. We’re seeing the result of the army bigger than the US army that Obama promised to transform us with. Promises kept. HIs was the Trojan horse that infiltrated and destroyed our government from within to cleanse the nation.
Obribem is his third administration run by a senile, treasonous and compromised puppet who pulls the trigger now that Obama has destroyed our wherewithal to change course and defend ourselves. He and his spawn profit from selling the strategic research – something congress should have stopped – while telling those under the global warming mass psychosis that burning out hydrocarbons in China instead of America will save the planet.
In all fairness, this was a long time coming before either of these treasonous clowns were installed..
The obomination is not in charge of this. The obomination is a CIA asset.
This is way beyond barry seroto or whatever its name is.
Exactly, so how long has the CIA occupied the WH? Reagan was minded by Poppy Bush who then got his own term, replaced by the drug runner from Arkansas for two terms, then Bush Jr two terms, followed by two terms of Barry Soetoro. Not sure about agency affiliations of any of the others who served after the last president of the US who offered to shatter the CIA into a thousand pieces.
Obama didn’t do this by himself. Mitch McConnell, Thune, Barrasso, Cornyn, Collins, Murkowski all helped Communism take over this Country.
McCarthy is only in trouble with the Chinese because he is hesitating right now.
As in the past the empire of lies sees war as the answer. One problem for them is that a large group of people can now see what they are doing and their propaganda is not nearly as effective as in the past. Another huge problem for them is that they have nearly destroyed the U.S. military and the military has been all that has kept the their global empire in power for for decades now.
Observe how the most powerful politicians call for direct U.S. NATO involvement in a war THEY started in Ukraine. They are as deluded as Hitler was in his bunker near the end of WWII, ranting about moving destroyed and non-existent divisions to the front to defend Berlin.
Now, let’s look at the WEF multinational corporations and banks (Build Back Better) that started reducing energy development after the pandemic. The WEF is a messenger. Who gave them their instructions???
Probably same guy or gal that shut down the vote counting at 11 PM local across 5 different states, though in Detroit the watchers never left……as they were getting ready to file out one watcher said ‘I’ll leave right behind your counters’ and so they never left and witnessed the 3 AM ‘planned surprise’ votes. There were over 1,000 depositions given in the week or two after the 2020 election. I wonder if future Americans will even know that happened. Try googling it…………..already gone!
The Western countries are rapidly becoming like South Africa. Another two years of the current policies will essentially destroy our infrastructure and our economy. See little chance that things will change for the better.
Boers in South Africa see what is coming to the West, as they have been living the nightmare for a few decades now. Their latest moves are to relocate to safer cities, in an attempt to circle the wagons. Good luck with that.
Those who could emigrate have done so or are trying to now.
Genuine political refugees needing asylum.
But Mayorkas will slam the door in their faces. And I need not state why.
And hard-working, self-sufficient, productive people.
Yep,
I personally know many here in British Columbia. My G.P was a doctor in the S.A. Army.
Best Doctor I have ever met.
My mechanic, is S.A. Boer.
Great guy, we will survive. These F#*kwits have now idea what it’s like to have motivated and fearless individuals after them..
Cheers!
When you view this from the standpoint that the intent all along was/is to destroy the USA, then it looks like everything is going to plan. If most could see this coming, then it should not be all tha difficult to connect the dots.
Wow this episode of Tucker was so powerful I had friends texting me last night and seeing it leading on ZH and other sites. This is a must watch.
That’s why they want to usher in the CBDC because they #1 can’t account for the lack of gold, #2 they can launder, manipulate and hide any real numbers for assets we have, and #3 they can control everything you do.
De-dollarization will happen but it will take more time than most people think.
https://www.youtube.com/live/63Gy6hOS2ZY?feature=share&t=418
What will replace it will be a public cryptocurrency best able to handle the transaction volume of cross-border trade in ‘all’ national currencies and the flow of physical gold to periodically resolve trade imbalances at the exchange.
What takes two weeks to do in the existing Eurodollar currency system can now occur in about 3 seconds or about 400,000x faster requiring 1/400,000 of currency in the exchange to achieve a similar trade flow rate.
The other thing people need to understand is that Eurodollars are held primarily as debt instruments, which require interest.
Thus there is a constant demand for ‘more’ dollars which can only be supplied via a US trade deficit. If dollar velocity * quantity were to shrink debt defaults will occur. The fact that M2 is actually shrinking right now is a clear sign of the coming great depression.
This is Triffin’s dilemma, namely when a national currency is ‘also’ used as a global exchange currency.
The good news is that once the US dollar is no longer needed to facilitate global trade the US Empire will be over, and we can go back to a Country that is self-sufficient and minds its own business, with a much smaller government and military to match.
Lovely thoughts. I’m sure McConnell and Rona and Schumer and Fink and the rest of TPTB will gladly help usher in this new downsized United States. NOT.
The US won’t have a choice, nor will another nation’s currency take our place. We are basically going back to the system that began, centuries before Jesus was even born. A system that was destroyed in WW1. Only now we have real-time cryptocurrency to settle trades of real things in less than 3 seconds.
But this process will take +10 years to unwind the dollar debt while the next system is progressively stood up.
Those you named will all likely be in their well-deserved Hell, from natural causes, by the time this fully plays out.
In our prosperity and politicians’ desire to extend power, we have cultivated a permanent, quasi-criminal underclass. I wouldn’t live within 100 miles of any urban majority-black area.
Great news if you ask me.
What are the names and addresses of those individuals comprising the WEF? Do they obey the laws of physics? The WEF seems omnipotent only when cloaked like the Wizard of Oz. Who are the CEOs of the top 20 “K” street firms? What are their addresses? We know the top corporate CEOs funding “K” street, their boards are on public record. They are collectively the functionaries that endlessly abuse main street. Who did the Irish target during their revolution? Capable functionaries or figureheads? Know the actual sources of oppression. Politics are theater at the national level, as relevant as soap opera actors reading their scripts.
When the dollar is devalued and is no longer the reserve currency it becomes worthless. When money has no value then what good does it do you to possess it? Why go to your job and get paid in paper that holds no value? Why pay your bills? Why pay for goods? Looting, rioting, and chaos reign Supreme. Doesn’t that mean in order to stop the chaos the government must step in and save us from ourselves? When the government steps in with a new currency to “help” control the prices of items like goods and services, and controls the income gap to stop the rioting/looting/chaos don’t we then become a full on communist country? In conclusion, we are now Venezuela. That’s the end game. I’d say we are in the final acts of the end game. We watch and wait to see if the script goes as planned or if there’s an eleventh hour rewrite.
Praise God and pray.
The US Dollar will remain “worth a dollar” in exactly one place: the USA. But, for it to be considered “valuable” anywhere else, we will have to … Make America Great Again. No, that’s not a slogan for a red hat. You have to start producing for yourself. You have to re-create the “Arsenal of Democracy.”
Unless you put [your_country] first, no one else on earth is ever going to do it for you . . . (After all, why should they?)
Except … Abundant, cheap, accessible energy fueled the Industrial Revolution here, roads, ports, railroads, shipping. We are at the end of cheap energy, altho thorium reactors might save us.
I don’t know, I could trade a silver coin to pay off all my dollar-base loans held against real assets, like my home.
Ironically you will know that the finally collapse of the dollar system is upon us when it value ‘increases’.
Most dollars are held as ‘debt’ instruments. When debt defaults dollars are destroyed.
Is Vladimir Putin really against the WEF though? After all, Klaus Schwab has bragged on Putin, saying he was one of his young leaders.
There is some controversy concerning the status of Putin.
It does seem that he affiliated with the WEF for a short time. I’m unaware of any evidence that he remains affiliated in any way, shape or form.
He showed up at WEF conference. Klaus is just name-dropping. You can tell his true minions by how aligned they are to his evil anti-human Malthusian vision for the future. Eat bugs, you own nothing and are miserable.
The weapon of BRICS was formed years ago by WEF for this very purpose = tear down Western Civilization because it is standing in their way of creating the one world government essential for an interplanetary economy they so desire to create and control.
Everything done against Russia was done by persons who knew it would be a boomerang against the USA + EU / 5 eyes.
When they talk about “Their/Our Democracy” it is not the current American Government being referenced, it is the one world authoritarian government they are creating. Indeed they are doing everything for their government, not for the American Constitutional Republic.
Why is Carlson being PERMITTED to say these things in our vernacular now??
The gods of the WEF believe they are morally and ethically bound to inform the Lesser Mortals of what action they are about to take against the Lessers.
Until now, this situation has really only been seen by the people who are in financials and paying attention to financials. From the moment the Americans began the financial war against America using Russia and Ukraine, people have been sounding the alarm – to others whose paradigms would not permit them to accept this truth.
Carlson “sounding the alarm” is like announcing “FIRE!” to a building that is half burnt down.
It is too late to stop the train wreck.
So they are permitting the “heads up” because they are now ready for us to protest and try to take action to protect ourselves.
The self-feeding cycle is underway:
https://www.zerohedge.com/economics/imf-warns-global-growth-outlook-weakest-over-30-years
https://www.zerohedge.com/economics/small-businesses-file-bankruptcy-record-pace-surpassing-covid-crash
https://www.zerohedge.com/markets/futures-flat-ahead-jobless-claims-treasury-yields-plunge-7th-day
https://www.zerohedge.com/geopolitical/central-bank-gold-buying-shows-no-sign-slowing-down
https://www.zerohedge.com/geopolitical/brics-nations-developing-new-currency-quest-global-de-dollarization-accelerates
You cannot reasonably expect to continue to “print(!) trillions of ‘US Dollars’ out of thin air,” and expect that there should be no retribution. That is very simply not how the real world works.
For many decades now, you have expected people to “value” your currency, and to use it just because Henry Kissinger told them to, but “you can just print as much of it as you want.” The accounting subterfuge by which you “justify it” means absolutely nothing. The jig is up. Money has no value at all if you can produce it just by turning a crank.
I have a lot of my IRA sitting on the sidelines in USD, waiting for the time to jump back in. I have precious metals in my portfolio, but the part that is in USD I have been wondering if another currency would be better.
Open to suggestions on the topic of alternate currencies that would be safe and outperform USD over the next few years. Maybe Swiss Francs?
So unless your precious metals are in a self-directed IRA, and thus held in vault storage, you most likely hold gold and silver ‘derivative’ contracts. Namely, the counterparty has agreed to deliver the dollar value of the said contract on demand, not the physical metal.
Not the same thing in a default situation, where even the dollars aren’t delivered. Further even assuming they don’t default good luck in turning those dollars into physical metal.
Concerning any other currency they are always and everywhere a transaction ‘half’ made.
They all leak purchasing power over time, some faster than others, but they all leak.
Store your wealth in ‘real’ things that have always had value throughout human history.
“Store your wealth in ‘real’ things that have always had value”
A+
However, if your PMs are in storage, they are accessible to thieves in govt, and such storage places might bow the knee.
Big concern.
Well, um, Green Deal…
I wonder: Biden and the rest of the ruling elite are not stupid. Are they really so arrogant and entitled they think they can get away with what they’re doing?
Are they being urged to do it by bad actors who WANT them to destroy the post-WWII international economic order?
Do they even understand that such a thing is possible?
Currency calamity is NOT a consequence of Biden; but rather a PLANNED EVENT under Biden, with many more calamities to follow. The “party” previously know as the DNC is intending to fulfill every desire of the WEF and Soros to accomplish total destruction of the United States.
Build Backwards Blindly.
Silver lining? “Might limit the federal government’s ability spend”.
SOMEthing damn well better limit it, before WTP have to do it wild west style.
Great overview of what it would take to get back on ‘gold’ standard, which I’m against.
The solution is to eliminate the ‘unconstitutional’ capital gains taxes on ‘constitutional’ money.
The free market will ‘determine’ the value of gold vs silver vs currency.
Do you think that the free market determines the value of gold and silver vs currency now? It doesn’t. the COMEX is manipulated more than the stock market.
The guy in the video is just silly. Any large GDP country going on the gold standard would use gold as a fractional reserve.
It’s doubtful that there is a 100 trillion dollars worth of gold reserves in the world.
Gold standards don’t work.
We need to split the the primary roles of the monetary system.
One role is quick and easy transactions.
The other is store of value.
You don’t see how this possible?
Gold standards don’t work?
Keynesian standards do?
Unjust weights and measures are antithetical to fair and free trade. The only standard is a just weight and an honest measure. There is a reason gold has been the measure of value throughout history. God intended it to be so. Maybe someday man will be willing to humble himself to the Creator and admit who is the creator and who is the creature. Otherwise we will believe men can be women and women can be men. And money and wealth can be tulips too? The fool has said in his heart, “There is no God.” They are corrupt, They have done abominable works, There is none who does good.
But perhaps we can build a tower that reaches unto the heavens, that we may speak with the gods.
Yeah… that’ll work.
The real problem the expanding money supply really faces is its unnatural use of usury. Usury is theft, in the same way inflation is theft.
I have read up on this issue for years, and also don’t believe that a gold standard is the solution.
All you have to do is look at FDR’s confiscation of citizens’ gold at about $20/Oz, and then his theft of the add’l $15/oz. added to the value when it was reset to $35/Oz.
Pure theft, and while we were ostensibly “on a gold standard”.
I’d be interested in hearing your solution, truly.
It would be fair to assume that moving back on to a gold standard, would necessitate a full audit of total US gold reserves.
That in itself would be an enlightening exercise, that some would like to avoid at all costs.
“various non-western nations now perceive holding dollars as exposing themselves to risk.”
The coveted riskless return that Tbills stood for all my life is going away. It was torpedoed by geopolitical risk, a self-inflicted blow cause by Neocon hubris. Or at least, that was a key accelerant.
“This could, perhaps likely will, severely diminish the amount of money the U.S. congress can spend.”
Herein lies the infernal paradox of debt-money. If we “tighten our belts and safeguard the future of our children” (as countless pols have urged dating at least back to 1992’s Tsongas/Rudman Concorde Coalition), we invite deflationary collapse. How would our kids like THAT?
“Team yellow is suffering the consequences of their own ideological policy as enacted.”
Then was Nixon the progenitor of Team Yellow? Cause that’s how far you have to go back (if not to Bretton Woods itself) to catch the beginning of this arc.
Much as it would be satifying to lay this all at the feet of Gropey Joe, really, we’re the victims of too-large numbers and unsustainable debt coverage ratios.
I have suggested for years that dollar reserve currency status and petrodollar recycling amounts to the Sorceror sleeping soundly through the Apprentice’s ill-considered experiment. It feeds the MIC and has caused untold misery both at home and abroad.
American MUST traverse the Valley of Death (the hyperinflation caused by a tsunami of orphaned, repatriating USDs) and emerge on the other side (Gd willing) with a normalized, renationalized dollar.
Yes, it will involve a biblical gnashing of teeth. But what’s the alternative?
I think you mean treasury bonds not treasury bills. Treasury bonds have a duration equal to and above 2 years. Treasury bills have a much shorter duration.
But all of this is just electrons on a computer.
Very efficient for transactions, but their store of purchasing power is simply an idea in your mind.
So you purchased something yesterday with this computer ledger electrons.
So in your mind they have value.
But do they?
Think about this.
Actually the 3-month T-bill rate is considered the risk-free rate. When you go farther out the yield curve, even US Govt debt carries a risk/time premium. Hence the upward bias of the yield curve.
We have the cash to pay off our house, should we? We have been back on forth on this question for months. I feel like we are damned if we do and damned if we don’t.
That depends. If your paying a low interest rate, are in a later stage of the loan paying almost all principle and have the cash invested with a good return, then I don’t see how paying off your mortgage is beneficial.
And if you have a low rate on a fixed mortgage, you’re good. Adjustable rate … Not so much.
.
1913 was a great year, wasn’t it?
Keep in mind the IMF has made it impossible for developing nations to borrow without draconian climate pledges (vows of poverty) China offers money for a position of control and ownership.
Choice becomes Blackrock owning your ports and starvation or chicoms owning your ports.
China is winning hearts and minds with big bags of money
Everything and I do mean everything we have done benefits China so the question I ask once.more.
Do the fascist of the deepstate control and.benefit from.China INC or does China INC control and benefit from the deepstate
It is possible.i suppose that one.side or the other beleives.it.is a.mutually beneficial arrangement but then someone.is fooling.themselves and the other is sharpening their sword.