A new world monetary system is being set up right now which will completely kill the US dollar, which is the world's reserve currency.
23 countries (60% of the world's GDP) are setting up swap lines which bypass the dollar and SWIFT, which is the dollar-based worldwide financial transaction system.
These countries include Russia, China, India, and even Germany, France, and the United Kingdom.
Once the new system is in place, our dollar won't be needed in these countries and a new reserve currency will come into being. All those dollars in foreign accounts will come home, which will annihilate our monetary system.
Also, China just announced that it will stop purchasing our debt (holding dollars in reserve). This will force The Federal Reserve to print even more dollars than the $85 billion it's currently printing.
World reserve currencies have always had a limited life span and ours is up.
Historically, new world reserve currencies are backed by gold.
Prices just dropped on gold and silver. NOW it the time to buy! Protect your wealth my friends.
For several years, financial analysts, primarily those outside the mainstream of academia, have been warning that any day could be the black swan event that collapses the dollar, and ends U.S. hegemony as caretaker of the world's reserve currency. That day has finally arrived as on Nov. 18, a former head trader for a major financial institution issued a harbinger and stated that 23 countries, and 60% of the world's GDP, are right now setting up new swap lines which bypass the dollar, SWIFT, and the BIS, and will usher in a new global currency system which will kill the dollar.
The thoughts that are put into the minds of men that are aware of what is occurring on trading floors all over the world is when? When is also the question that I get asked about quite often by thousands of people. So what is the “when”? The “when” is what is the sure sign that this fraudulent sham that we call an economy is over? Folks the biggest sign is when those that trade in the dollar to acquire goods, no longer want the worthless paper because of US “bully” policies or they have totally lost faith in the US as a responsible steward of it’s currency and economy. That day has arrived.
All over the world economies that have not totally shot themselves in the foot by gambling in the Anglo-American casino are now moving to set up various currency exchanges by passing the dollar. – Rogue Money via Steve Quayle Q Alerts
The list of the 23 countries which are creating new swap lines outside of the dollar include China, Russia, India, and surprisingly, Germany, France, and the United Kingdom. This means that the Eurozone itself is abandoning the dollar, and preparing for transition to a new central banking system.
To facilitate the transfer of currencies and swap lines, there needs to be a bank of sufficient size and stature to aid in handling of this monumental task. One year ago, China, along with the BRICs nations of Brazil, Russia, India and South Africa, loaned money to a new financial institution they established and labeled the BRICs bank. This bank was created with the intention of bypassing the dollar, and allowing free trade to occur between nations without the need to trade for dollars first, as is currently the format under the petrodollar system. In fact, the new BRICs bank will function both as a bank of international settlement, as well as a lender of last resort, eliminating the need for the BIS and IMF, which currently reside under dollar dominion.
The only thing that stands in the way of the world's final rejection of the dollar is the wavering trust that Saudi Arabia and OPEC have with the U.S. in assuring oil transactions remain denominated in dollars under the 1970's Petrodollar agreement. But as the world has seen recently, even the Saudi kingdom is hedging towards a new global system, and has publicly stated that their ties to the U.S. are open for re-negotiation.
What started in September of last year, when an agreement between China and Russia ended the dollar's stranglehold over oil and how it was purchased, the past 14 months have seen a momentous rush towards setting up the infrastructure to replace the dollar completely in global transactions. And with 23 countries, including those from the BRICs nations and the Eurozone, preparing for new swap lines outside of dollar hegemony, the fuse has been lit on the dollar's death rattle, and the when has changed into the now.
yes so crypto currencies may come into play,, especially the block chain,,, which will bring transparency to financial services,, they just need to become safe ,where they cannot be stolen.. and also transactions need to be transparent.. no black market , or corporate crime
bitcoin under the same asset class as gold ,, a commodity but crypto is also a monetary and currency system. // interesting times ahead..
i think one day we will evolve to the point where value will not be money but something else..
like star treck where humans work for the betterment of science and evolution, nature etc.
destruction of the current system has to come first
Mick. Although the blockchain teck has some intriguing facets, I don’t think it is anywhere near the class of trust levels that Gold has had for centuries. Plus the fact that the fellow who first presented it still owns a huge %age of Bitcoin is a major fault.
I DO agree with you that we’re in for “interesting times ahead”. The SWIFT system a abolished in favour of another better system – perhaps the Quantum Financial system is our new world. And I LOVE your reference to StarTrek’s workd of “0” currencies/money in favour of all resources focused on allowing people to go as far as they can in an area they love and are good at! Bravo! ♥️
Bitcoin, just another TULIP PHENOMENON that’s going to last no longer than the flower it now represents, The “T U L I P”!!!
it’s interesting how many idiots have posted their texts here. I love the one where people say America was built on immigration! Well, they’re right! But they are failing to recognize the fact that in the past the immigrants went through the legal process and like today where they just crossed into our country illegally! Why did you try sneaking into Canada and see how that works out for you? Why did you try sneaking into any country and see how that works out for you ! No offense but I have to call you in idiot because I called them as I see them. Idiots on the left want open borders! Allowing anyone to come through? I just wish people had common sense and could figure this s**t out! That’s the problem with America today! Too many leftist idealist that really have a failed clue on just about everything… OMG! What am I thinking? This is it really important at all… The important factThis pronouns! We need to worry about pronouns! Dear God! Is there any hope for us at all?
Anyone here as long as we are not American Indians will not be accepted as Americans you cannot steal yourself to be Americans and with this money swap the chicken is gonna come to rouse if the dollars drop god bless us here the future for non-indians especially whites, blacks will be the judge then Mexico would be richer than us they may kick our ass out and reclaim their land this is a very serious issue
There was no legal process there was no nothing. you travel to US you bring your money to buy home and start your business -shop workshop or whatever. The US constitution still allow foreigners capable of supporting themselves can come and build their life.
and if big brother is dismantled and the same policy is installed people will still come and build the country back with in one decade.
You need people coming in with their savings to start businesses. You can look at the modern example: Dubai, Singapore Malta all resource poor but made such modern high GDP developed countries because of the open policy. You need to get rid of the programs that govt is supporting for immigrants. if any person go to other country they should take care of themselves.
Uh oh, someone is failing to realize the fact that in the past the immigrants pretty much just had to show up at the border, not be Chinese or sick, that’s it. That’s how easy your folks had it in the past. Or depending the period of time, you could also come in invited by the Mexican border into Texas so that later you could ignore the conditions and just uprising to declare independence.
AMERICAFIRSTBILL.COM- AMERICA FIRST PROJECT- THE REAL 911-AMAZONBOOKS.COM- BY FERNANDO FONTANEZ- TELLS THE REAL 911 STORY OF CHINA ATTACKING THEGLOBALMARKETS EC ONOM IC BLEEDING SINCE 1991 WITH MEDIA SLICK ACTIVITY COVERING UP THE NIXON/KISSINGER -SAUDI DEAL MONIES OF THE SEVENTIES IN FULL OPEARTIONAL INTEGRATION! GLOBAL ECONOMIC WARFARE INCOGNITO!! AFTER 911 WHEN THE MEDIA MENTIONED OIL AND IRAQ – IT HIT ME AND I WAS RIGHT!! IT WAS NOT EASY DOING ALL THE RESEARCH TO GET THE GLOBAL MO IES FOR PEACE WHICH WERE IGNORED BY POTUS CLINTON/BUSH/OBAMA/BUSH JR AND TRUMP /PELOSI/ KENNEDY’S AND EVEYONE IN THE WORLD AND US GOVERNMENT WHICH WOULD HACE STOPPED THE LATEST CHINA GLOBAL MONETARY ATTACK IN DISGUSE OF A PANDEMIC- MURDER IN DISGUISE AS THE ROCK-N-ROLL PROPHET “LEMMY KILMISTER” OF “MOTORHEAD” FORETOLD IN HIS SONG: ‘LOVE ME LIKE A REPTILE” !! YEAH BABY- MURDER IN DISGUISE IS THEIR COMIE NAME OF THEIR SICKO GAME!! LOOK; DID YOU MISS IT? THE DEFRAUDNG OF ECONOMIC GLOBAL MONETARY MARKETS IN DISGUISE OF TERROR IN 1991? YES YOU DID BUT; DONT BE JEALOUS YOU YO- YO’S OF ALL THE HUGE MONIES I GET FOR WRITING ABOUT THE REAL 911- EVERYONE GETS TO RE-WRITE THEIR 911 BOOKS AGAIN AND MAKE BILLIONS !!
The best thing that can and should be done to the U.S. is to vaporize it with thermo-nuclear devices!!!
Lets start with you and your family!
You need to be vaporized, retard.Not everyone agrees with the way these criminals run this country, and I’m sure that whatever country you are living in is worse than America.Then, again, you may be an American LIBTARD.
Yes Mr. McCormick *cues evil laugh* Mwhahahahahaha! just let me know when the world plans all this thermo-nuclear stuff that way me and my dogs can hop on the closest flight outta here.
John McCormick you are truly an idiot. Nuke the United States. What happens to the rest of the world? Exactly you don’t know because you fail to understand once one nuke is launched the rest of the world would follow suit and in the end 6-7 billion people are dead, and the ones who survive will likely die from radiation poisoning, and starvation. Get a grip you are an idiot. Period. End of story.
You know not all the people of America agree with America’s government officials and what they do, so you want to kill us all, the land and animals? Think! Most people just want to make a living and take care of their families in all countries!
Well look at South Africa after Mr. Mandela.. all respect to this great man. Open the border s , let all African people come to SA , as Africa is for all Africans. That’s all very well but take away the border control and now the crime rate is the worst in the world. Your crime in USA is nothing, here you can’t go out after dark, you’re putting your life at risk.
Most crime is from foreigners who came in illegally.. E.g. Drugs from Nigeria .
Far leftist. this is the result … liberals … goodie two shoes.
Boy, if that’s done John McCormick, this comment is beyond reproach!!! But, my ? to U is, What about all the NUCLEAR FALLOUT that comes with all of the Vaporization that occurs!!!
Reliable source this story is .when there no author to a story its bs . 23 countries and they named how many .hmm
They named enough. The dollar is collapsing
PS. Before the end of this year USA inflation would reach 10% if not more. Printing money just like Zambia…..it went down. A wheel barrow of money for a loaf of bread…same thing happened in Germany after ww2 . USA will not be an exception of that I have no doubt.. $32 trillion in dept. will only add to your problems.. e.g.check prices for gas. And that’s just for starters.
one more ignorannt fromw est who cant understand that the shifintg of wealth was already eneterd in the mid of operation and now the shift of geopolitical ballance is inteh makeing…all started in 2008 with GFC…and it contiune with us bailing put teh corporations and the printing of money like ios no tomorow….How do you want to keep the dominance in the workd when the money u printed have no backing of some comodities..BUT the most idiotic thing that bring us in this moment is the over use of sanctions to the US oponents and to the countrys that do not bent to US will…why we should suport ignorants like you to live a life in a stile of grandor that is payed by the rest of the worls…why should my country pay for US debt???? why we have to buy FED certificates in orde to cover US debt??/ so u can spend 1 trilion every year for defence???NOPE bye bye to great US life stile…US ll become pour ever the night
I wish these stories had clear dates.. Knowing the story date, dates on any updates, and date the agreements were signed; and the dates the agreements will go into effect by the mentioned countries in the story is important.
at any given spot – go back to say late 1800s – 96% of the population of america lived at poverty level – and; then; if you look at census 85% of the population was born on the land – never did immigration ever exceed 15% of the population
Anyone here as long as we are not American Indians will not be accepted as Americans you cannot steal yourself to be Americans and with this money swap the chicken is gonna come to rouse if the dollars drop god bless us here the future for non-indians especially whites, blacks will be the judge then Mexico would be richer than us they may kick our ass out and reclaim their land this is a very serious issue
Couldn’t agree more. It’s gonna hurt.
As these other nations “de-dollarize” what it will do is remove the power of the Deep State to use the U.S. Dollar as a weapon against the rest of the world. It will neutralize U.S. sanctions and will prevent the disruption to trade. You’ll notice that the U.S. sanctions against Russia was ineffective. Because Russia was able to neuter sanctions, the Deep State had to resort to sabotage of the Nordstream 2 pipeline. The next step in this war is the complete takedown of the Deep State.
The U.S. Dollar won’t go away. It may be replaced by different currency that can be backed by the productivity of her workforce. It doesn’t need to be backed by gold or silver. In fact, hording these metals are counterproductive. Hording precious metal inflates their prices and produces shortages and waste where these metal should only be applied for industrial use.
The U.S. Dollar may or may not lose some value to the rest of the world currencies but it will still remain in high demand as the U.S. is an autarky and can be 100% self-sufficient. What will occur is that the U.S. economy will be revitalized from within. The footprint of the U.S. will be reduced around the world but at home the U.S. will roar economically because there won’t be any other choice.
Cryptocurrencies will be eliminated or made defunct because all but one are illegal securities and all of them are redundant and none of them can scale to the level where they can be used worldwide. None of these “cryptos” for the exception of one, can facilitate micropayments or perform peer-to-peer payments.
CBDCs running on one public blockchain are needed. A CBDC properly backed by this public blockchain can provide the underlying value. But what is important is the distributed ledger that will enable CBDCs to be audited by the public. This will eliminate “black budgets” and quickly expose any corruption to the currency and public spending. A CDBC will also better track proceed of crime which is problematic with paper currency. This is what the critics of CBDC really fears the most.