Within the US borders, the population remains largely ignorant of the true significance of the global currency reserve concept. It is of paramount importance, yet almost never discussed in the financial press. The public within the United States simply assumes the country operates with the US Dollar as its currency, with near blindness to its global role in trade and banking. The end of an era is coming, as the change will be powerful in its effect. The shock wave could hit this year in some form, in a manner to highlight its importance.
MEANING OF CURRENCY RESERVE
The term is tossed around in common manner, often without an explanation of what it means. A strict meaning is followed by a practical meaning. The US Dollar serves as global currency reserve, insofar as the US Treasury Bond is the standard for bank reserve core asset usage. Numerous countries have a core foundation to their national banking system. They maintain core assets and ratios. It is not gold bullion, but rather the US Govt debt. It is the US TBond denominated in US Dollars. Of course, such practice is upside down and lunatic. Debt operating as core assets in the global banking system is utterly reckless, insane, and bound to force a systemic breakdown. Such is the heresy and risk from the banker cabal.
ULTIMATE LOST PRIVILEGE
The King Dollar and its court of financial terror is destined to lose its privileged perch. The abuse to maintain the global US Dollar financial system is universal and profound. It all engenders tremendous resentment and backlash in the form of resistance, together with concerted movements toward the non-USD platforms. The movements are emerging from the East. When the global reserve currency status is lost, the American public will face severe problems never before encountered. They will be very confused. They will be lied to in a big way. Consider the import price inflation, the supply chain shortages, and the civil disorder. Running the USEconomy and USGovt on an international credit card, without ever paying the bill, has a certain limited duration. When the reserve status ends, the privilege ends, and the shock begins.
EAST TO CONTROL TRADE PAYMENT
The Eastern nations control significant manufacturing facilities toward the global economic output. Such is the case after a full generation of outsourced industry by Western corporations. At first it was the Pacific Rim in the 1980 decade. Then it was India, Brazil, and a host of other burgeoning nations striving for further development. The West controls the financial markets, with all the elaborate paper instruments, and all the sophisticated market rigging machinery. If it controls anything, the East controls the manufacturing sector. Therefore these nations, led by China and the Pacific Rim, within which is the key player Taiwan, are in a position to dictate the terms of trade payment. The standard as of now is the US Treasury Bill. This will ultimately change, and when it does, the US Dollar will officially shed its global reserve status. The impact will be enormous. The Eastern nations, perhaps under the aegis of the Eurasian Trade Zone protective shadow, are in a position to demand alternative forms of trade payment. Consider the Chinese RMB currency, the Ruble currency, or soon the Gold Trade Note. With manufacturing prowess comes the power to dictate trade payment. The risk to the US Economy is cutoff for supply into the many sectors, most visibly the retail sector. All the while, the One Belt One Road set of massive projects will be conducted outside the US Dollar sphere.
GEOPOLITICAL REALITIES
The USDollar failure in the Middle East is a signpost for every country to bail. The series of wars to defend the crippled toxic USD is a signpost for every country to seek a better leading partner. Europe cannot survive without the One Belt One Road cornucopia of $billion contracts and ample projects. All trade goes through China and Russia, who lead the Eurasian Trade Zone formation and provide its SCO security blanket, which will rival NATO. An important factor, causing consternation to the propaganda artisans in the West, is that Russia is a net debt free nation while US is bankrupt and cannot save itself. Germany was bounced from Turkey, which now is splintering off the NATO family of warmongers and heroin distributors. Suddenly Turkey appears more influential than the western Nations, and might soon rent the Russian Military some space at the giant Incirlik Airbase. The Petro-Dollar failure gives Iran, Qatar, and Russia the primary hand. The USGovt sanctions on Russia no longer mean anything. European nations are working to restore relations commercially in defiance. The USGovt sanctions against Iran backfired. It produced the Gold for Oil sale with India.
The Global Currency RESET is not far out. The pricing in financial markets is dictated by derivatives solely for the purpose of keeping the Too Big to Fail Banks solvent. The USFed’s hyper monetary inflation, better known euphemistically as QE, is designed to keep these big broken banks liquid. Without the derivatives of bond purchases, the big banks would all be in failure mode like those in Spain and Italy. But the United States is the exceptional nation. The newly emerging Natgas cartel will primarily deal in CNY, RUB, and EUR currencies, which is why the United States is trying to force expensive NG sales onto Europe. The Washington NeoCons are busy throwing hurdles in the way of Nord Stream 2, as well as Turkish Stream. To use Saddam type of language, the mother of all pipelines will be connecting Iran-Qatar-Iraq-Syria-Turkey to Europe. The King Dollar and its reign of terror is coming to an end. That end is now visible. The excitement will come when Gold enters the payment system picture, and the enduring depression among gold investors will come to a welcomed end.
@thegoldenjackass
Nice Job!
Keep the good work up!
Thanks for sharing
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