I told Biden not to break our international agreements to use the U.S. dollar as the world’s reserve currency. But he didn’t listen to me, broke our agreements, kicked Russia out of SWIFT, and weaponized the dollar.
No more printing the world’s reserve currency when we want to overspend.
Biden will go down in history as the man who destroyed America’s biggest economic advantage.
https://www.reuters.com/world/brics-summit-russia-push-end-dollar-dominance-2024-10-16/
After shepherding a doubling in the price of oil that dramatically boosted Russia’s and Iran’s economies, literally filling their war chests, Biden has no more leverage. So, Biden resorted to a new level of economic warfare to which Russia and other bad actors are naturally responding. The likely result is a further weakening of the U.S. dollar and increased economic isolation of the BRIC members. Neither is helpful to world stability.
He killed the goose that was laying our golden eggs. We were able to literally print the world’s reserve currency any time we needed money.
That’s all coming to an end in one big meeting in Russia.
What a goofup.
They don’t have that kind of economic power. Our biggest enemy is ourselves. We are already in a debt (death) spiral and need to break out of it. If we do not get in control of spending soon and we have to continue going farther into debt just in order to pay the interest on the existing debt, then it is just a matter or time before the economy implodes.
I agree 100%.
They, the left, if you understand that everything they do, is to destroy American and all that made America great, then everything they do makes sense.
Time to invest in the most valuable of all precious metals that will hold its value through any economic implosion and that is LEAD!
Don’t rule out the increased need for Plutonium and Uranium!
Yes depleted uranium tipped rounds become sharper as they strike armor allowing better piercing. They also tend to ignite at high pressure such as impacts pressure. Very nice traits to add to your ammunition to make it more lethal!
Iraq asked for just one billion of their own money and Biden refused to give it to them: https://www.wsj.com/world/middle-east/iraq-asked-for-1-billion-in-cash-this-time-washington-said-no-ab79b0e2
You saw how everyone reacted when we gave Iran back their money, right?
Good idea President Tump: Bloomberg - Are you a robot?
But you’re too late. 25 countries formed mBridge which will be up and running in 2025.
I did. Americans were actually complaining when oBOMBa returned the money we stole from Iran. He had to fly it to them in cash because they kicked Iran out of SWIFT. It’s one of the few things oBOMBa did right in his administration. Stealing is wrong.
The U.S. thinks that it can just send its troops to trespass on other people’s property, arrest, imprison, and torture the property owners who shoot at the trespassers, and steal other nations’ money. That shit ain’t gonna fly much longer. The rest of the world is not only wising up, they are joining forces. mBridge is the first step. And the blockchain with tokens backed by 40% gold is how they are going to do it.
They are still complaining. Evidently everyone thinks that returning Iran’s money to them allowed them to fund the war against Israel. It’s probably true. What would Iraq do with their money if we return it to them?
I’m no fan of Barry Soetoro or whatever oBOMBa’s real name is, but I was about the first person on earth who supported his decision to return the money we stole.
Once America started stealing other countries’ money, any idiot (and I’m pretty much an idiot) knows what all the other countries are gonna do. They are going to stop using our money and our banking systems. That’s now happening, just as I predicted.
By next year, mBridge will be a household word, used to explain why we can’t sell our debt any longer, have to print our own currency to pay our bills, and thus live with a garbage currency and high inflation.
The ability to sell our debt and maintain our credit rating, do you think it is affected by who gets elected this November?
No, if you mean the two frontrunners.