Treason: Planned Dollar Rout in the Making…

As the Biden administration showers the nation in debt-funded handouts and federal bailouts, new concerns are emerging as to the likelihood of a “Great Reset” in the value of our currency.

However, this potential dollar rout has been in the making for many years.

Abusive monetary and fiscal policy in Washington DC combined with heavy-handedness with respect to access to our dollar-based global payment network have given other nations pause – and some foreign leaders have been quietly taking action.

In the next few years, the Chinese Yuan or even a global digital currency spearheaded by the International Monetary Fund appear likely to gain traction as alternative reserve assets.

The negative effect of America’s fiat dollar losing its top spot on the international stage cannot be overemphasized. The greenback’s markdown would come with significant pains for all who use our “beloved” Federal Reserve Note.

The U.S. Dollar was widely recognized for its reliability – thanks, in part, to the United States having the top economy combined with geopolitical hegemony.

The Bretton Woods System of 1944 put the greenback front and center for international trade and settlements.

The U.S., at that time, had promised that our currency would be pegged to gold.

This dollar/gold peg, however, ended in 1971 when then-President Richard Nixon took the U.S. off of the gold-exchange standard. Dollars were no longer redeemable by foreign central banks in gold bullion and would only carry the “full faith and credit” of the U.S. Government.

With the end of gold backing came the end of fiscal and monetary restraint.

The U.S. must now take out loans to finance its massive budget shortfalls, and those loans are largely underwritten by other countries (along with the Fed itself) that buy our bonds….

https://www.activistpost.com/2021/05/playing-with-fire-a-dollar-rout-in-the-making.html

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