The Dollar Going To Crash Transition Being Prepared
Gesara.news » News » The Dollar Going To Crash Transition Being PreparedNews Date: July 31, 2020
Gold Standard Rules!
Silver Is Great!
Transition Being Prepared.
Good Guys Are In Control Of The Fed.
Fiat currency has lost it's value over time by design.! End the FED!
The Dollar Is Not Just Going Down; It's Going To Crash.
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
At the beginning, the lights of the pre-painted picture betray them.
Schwartz says he thinks developers have at least eight years until the technology, which leverages the properties of quantum physics to perform fast calculations, becomes sophisticated enough to crack cryptocurrency.
There have been efforts by numerous countries (led by China and Russia) to dethrone the US Dollar as the world's reserve currency. China has been reducing its exposure to the Dollar for a long time, and both China, as well as Russia, have been stocking up on gold in recent times.
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after the 656 tons added in 2018. Before the 2007-09 financial crisis, central banks were net sellers of gold worldwide for decades. Leading the recent spree has been China, Russia, Turkey, Kazakhstan and Uzbekistan.
China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured.
Sources: www.fxstreet.com, uk.news.yahoo.com, seekingalpha.com
And believe it or not, cash is still being used in 49% of payments that are $10 or below, according to a recent study by the Federal Reserve Bank of San Francisco.
The irony of the situation lies in the fact that the Fed can print trillions for bonds, but can't come up with a couple of quarters to do its laundry.