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Tucker Carlson on the Risk of the US Dollar Losing World Reserve Currency Status
Tucker Carlson segment on the US Dollar and risk of losing world reserve currency status. Well Worth Listening to AND SHARING!
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"For nearly 80 years, since the end of the Second World War, the U.S. dollar has been the currency of the world. But what if that ended?"
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--General Mike Flynn has been warning us to get our financial houses in order.
--President Trump has been warning us that the US Dollar will soon no longer be the dominant world currency.
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Probably few people believe the global US dollar system is at relatively imminent threat of collapsing. I agree with Carlson that a currency crisis is likely nearer than we think.
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Carlson cites an article from the Daily Caller by E.J. Antoni & Peter St. Onge:
"A second critical feature of a reserve currency is its apolitical nature. Which Biden is now gutting. After both parties in Washington destroyed the dollar’s stability with inflation, now the Biden administration has chosen to wield the dollar as a weapon. Together, the message to foreigners they should get out while they still can.
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"In response to Russia’s war with the Ukraine, the US froze the dollar reserves of Russia’s central bank. To be clear, these were not American assets, but were dollars owned by the Russian central bank and the Russian people. The seizure was intended to cause bank runs and collapse Russia’s credit system. It didn’t work.
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"Instead, it exposed the Biden administration’s willingness to violate the trillions of dollars foreigners rightfully own. The danger of this precedent is difficult to overstate."
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Carlson's MUST HEAR Response to this Article (starting at 7:15):
"Smart foreigners started to dump the US dollar. Why? Because the US dollar was no longer a reliable store of power. Suddenly it was a political weapon that could be wielded at will against anyone who held it.
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"So what if you have a border dispute with your neighbor that the State Department hadn't authorized? Or, what if you accidentally criticized transgender theology, and irritated the human rights campaign? Well, the US government might denounce you as immoral and then confiscate all your money. Because they just did that with Russia.
"And as a result, dollars begin to look much less appealing to the rest of the world - and so de-dollarization began, and it has accelerated at remarkable speed, almost without comment in the American media, over the last year.
"So Russia announced it will conduct business in Asia, Africa and Latin America in Chinese currency. Brazil, which as a brand new government supported by the Biden administration announced it will do the same thing... Pakistan is doing the same thing, that's a long-time US ally. India and Malaysia, two of the biggest economies in the world, announced they'll be settling their trade in their own currencies - not the dollar. Even France, which we liberated, is using Chinese currency in a new liquefied natural gas trade. China and Saudi Arabia are now major business partners."
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#ForewarnedisForearmed #USDfall #BuyGoldSIlver #PRAYforWisdom
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