by Mac Slavo
Despite continued assurances about America’s economic strength and global influence, scores of nations around the world are rapidly divesting themselves from their dependency on the world’s reserve currency as a mechanism of exchange. The key players, Russia and China, are actively developing entirely new systems of trade with numerous partners that include countries from the middle east, Asia and South America.
These major strategic moves, trade agreements and partnerships are being marginalized by mainstream American news sources, or are simply ignored and never shared with the public. The end result for Americans’ way of life will be nothing short of disastrous as the eventual outcome leads to an implosion of our economy and the destruction of one of the most influential currencies in human history.
Watch: The Death of King Dollar (via Crush The Street)
Interest rates could easily rise high enough that the U.S. government would have to spend half of its income just to pay for the interest on previous borrowing. This is why the Fed will say and do anything to keep interest rates low.
Many large countries have been making major moves in the last five years to stop transacting in U.S. dollars.
King Dollar is truly dying.
In addition to this, less U.S. oil imports means less dollars going abroad, which means more dollars are coming back inside of the United States. This will inevitably cause additional inflation that has been overdue, as America’s money supply has more than doubled in the last ten years.
Estimates put more than half of U.S. dollars as being held abroad. It will be devastating to the value and stability of U.S. currency and domestic economy when these dollars return.
The reality is the U.S. will surely lose its reserve currency status… Some economic analysts are even saying this could happen as soon as 2018. There are an infinite number of unexpected shakeups that could happen around a dollar collapse, from the U.S. backing its currency with oil to a major war breaking out.
“The world is rapidly changing and the U.S. dollar has enjoyed the benefits of being used as the world’s reserve currency, but history tells us that things will change and evidence is showing that it will likely be sooner rather than later.”
Indeed, the time to prepare for a coming global paradigm shift is now.