The way things are currently headed, the United States dollar, a fiat currency endlessly printed by the private Federal Reserve banking cartel, is eventually going to lose its status as the world reserve currency.
Former Assistant Secretary for Public Affairs at the U.S. Department of the Treasury Monica Crowley warned this week that the consequences of the U.S. dollar losing its world reserve currency status will be "Catastrophic" for the powers that be.
After being de-pegged from gold by Nixon, the U.S. dollar has been losing value and trust as the world's reserve currency Crowley appeared on Fox News to warn about the emerging economies elsewhere throughout the world that are ditching the dollar and moving towards other currencies such as the Chinese yuan.
The U.S. dollar has already lost its status as the world's dominant currency, she admitted.
"It's really hard to overstate exactly how catastrophic the abandonment of the U.S. dollar would be as the world's global reserve currency," she added.
Ever since the conclusion of World War II, the dollar has been considered a safe haven currency.
Ever since the time Nixon de-pegged the dollar from gold, the only thing backing the Monopoly money is the perceived "Strength and economic power" of the U.S., which has waned dramatically since the time of WWII. Another worry is that the rest of the world will stop trading oil using dollars, hence why it is referred to as the petrodollar.
https://www.naturalnews.com/2023-03-31-dollar-loses-reserve-currency-status-economic-collapse.html
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