Vladimir Putin: "The Dollar Enjoyed Great Trust Around The World. But For Some Reason It Is Being Used As A Political Weapon, Imposing Restrictions. Many Countries Are Now Turning Away From The Dollar As A Reserve Currency. US Dollar Will Collapse Soon." pic.twitter.com/03WunqgCDd— Ben Rickert (@Ben__Rickert) November 15, 2019
Zero Hedge: Vladimir Putin Sums Up The New World Order In 5 Words
Russian President Vladimir Putin succinctly summarized the shifting tectonic plates of geopolitics.
First he explained the status quo...
"The Dollar enjoyed great trust around the world. But, for some reason, it is now being used as a political weapon to impose restrictions."
Then Putin explained the consequences...
"Many countries are now turning away from the Dollar as a Reserve Currency."
And ultimately what happens...
"US Dollar will collapse soon."
And just like that, it was gone. Remember "nothing lasts forever"...
Read more ....
WNU Editor: Russian President Putin's prediction will take a long time to happen. The U.S. dollar as a reserve currency will lose its status if one of two things happen. If the U.S. continues to accumulate massive debts without growing its economy .... I predict that if current debt trends continue that will happen within 20 years. Or .... something better comes along (i.e. a better and more stable currency), which I do not see happening anytime soon (i.e. in the next decade or two). But Putin is right about this observation. President Trump has weaponized the U.S. dollar, and it is hurting those countries that are bearing the brunt of U.S. sanctions .... i.e. Iran, Venezuela, etc.. In my opinion. In today's world the dollar as a weapon is far more effective than the U.S. military, and President Trump is using it.
10 comments:
I have some doubts as to his assessment. What he wants about will only come from a collapse, which would be world wide and have ramifications far beyond anyone's ability to predict. He is absolutely correct in one regard " nothing lasts forever".
talks not wants
What's the alternative currency? The euro, ruble, rupee, yuan? The only real alternatives are smaller stable nation currencies like the pound, CAD and AUD, and swiss franc.
Kremlin = Putin + RT + ZeroHedge
They all, and Iran, have been calling for the end to the dollar (for obvious reasons).
With China collapsing, there is no alternative. No one invests in China atm. All the money rushes to the US. There is no stable currency or economy world wide - never has been. Except, well for the US. Their "downs" are the "ups" of some of the most stable, richest countries in the World. So yeah, Putin is just talking about a wet dream he has.
Kremlin = Putin + RT + ZeroHedge + DNC
Border Patrol agents shoot Russian man, 37, 'who resisted arrest after he illegally entered US from Mexico'
"Russian news outlet identified man as Evgeny Gluschenko, 37 "
DIM-o-crats believe Russia is evil, Trump is a Russian agent, & Tulsi Gabbard is a Russian asset, but they are A-Okay within any and all illegal Russian border crossers.
Go Figure ...
Well DIM-o-crats never have had a surfeit of brains.
CHUDS. ALL spec ops black ops tier 1 operators get 2.5% off the new 2020 models at my dealerships. CHUDS, I'm a white man.
Weaponizing money is a wrong thing, yes! Obama did it first.
That said, the strength of the dollar is far of being only through an economical way. Money, any kind, is supported by the confidence of its mother country. Every time there is trouble in the world money find a safe heaven in USA. The military power is also a part of the strength of the dollar.
Crypto Currencies
The US has always used its currency to drive politics. Why did Japan jump into WWII; a block aid of resources and unwillingness to provide backing to its expansions. However, Putin is right but my prediction is a little different; the world could split into two zones one based on the US dollar and one on something else.
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