Author Topic: What losing Reserve Currency status will mean for us  (Read 1665 times)

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Offline Matthew

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What losing Reserve Currency status will mean for us
« on: November 02, 2016, 08:02:47 AM »
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  • Dr. Jim Willie: The U.S. Will Lose Global Reserve Status, Expect 80-90% Devaluation of the U.S. Dollar

    In the following interview with the X22Report Spotlight report, Dr. Jim Willie unleashes with both guns blazing on a subject I’ve been warning about for about for over two years now, which is the loss the U.S. Dollar’s status as the World’s Global Reserve Currency.

    For the simple fact that no one under the age of 70 has never known a planet earth where the U.S. Dollar has not been the World’s Reserve Currency, most Americans in particular have no idea what it will mean when we lose that status.

    The subject is not one that is taught in schools until well into the graduate school level in most cases, so unless a person has done independent research on the subject, the average American cannot comprehend how painful it will be for individual American families not IF, but WHEN the inevitable finally happens.

    Losing the World Reserve Currency status is a process, just like losing the world’s faith in the U.S. was a process. Both are processes that have been well underway for the better part of the last two decades, especially this past decade. Roughly ten years ago, 75% of global trade was denominated in U.S. Dollars, and that makes sense. After all, we’ve been the Reserve Currency.

    Over the last ten years, that figure has dropped to roughly 35% of all global trade which is now settled in U.S. Dollars, because countries are rushing to distance themselves from the U.S. for many of the reasons Dr. Willie outlines in another interview from earlier today titled, Dr. Jim Willie: Unprecedented Bond Dumping Means U.S. Dollar Collapse Ahead.

    DO NOT MISS: Dr. Jim Willie: Unprecedented Bond Dumping Means U.S. Dollar Collapse Ahead

    The bottom line is this: The U.S. has grossly abused its privilege of being the World Reserve Currency, largely because we’ve adopted the practice of monetizing our debt by printing money out of thin air. Giving that process a fancy name like Quantitative Easing, doesn’t change the reality of what it is. We print money out of thin air, and rip-off every country we’ve borrowed from when we pay them back with Dollars worth less than the ones we borrowed.



    Now, the world has lost all faith in the only thing that backs the U.S. Dollar in the first place: The Full Faith and Credit of the United States Government. In the interview, Dr. Willie gives a BLISTERING account of what to expect. He begins the first 30 seconds of the interview by explaining how once the U.S. Dollar is finished being phased out, a process that as I’ve said is well underway, he expects the Dollar to experience a massive currency devaluation of 30% almost instantly.

    DO NOT MISS: Dr. Jim Willie: We Are on the Brink of World War; Americans Totally Clueless

    After the initial devaluation of 30%, Dr. Willie expects there to be another another 30% devaluation six to eight months down the road, followed by a long series of 20% devaluations over the next several years, until we reach a point in about 4-5 years when our currency is completely devalued, and worth about 10% of what it is today.

    For a country with a trade deficit of over $500 BILLION, and as a country that imports over 50% of our food… that means conditions Americans once considered to be unthinkable here in the United States, will soon become ordinary. Let that sink in for a moment. The unthinkable will become ordinary.

    The time to prepare is now. Brace yourself for a very intense interview… one of Dr. Willie’s most intense ever!

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    Offline Pax Vobis

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    What losing Reserve Currency status will mean for us
    « Reply #1 on: November 02, 2016, 12:58:36 PM »
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  • This is 1hr 42 min long.  Very interesting.  If you want the main US part, start listening at 1hr 14 min.


    Offline Matthew

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    What losing Reserve Currency status will mean for us
    « Reply #2 on: November 06, 2016, 10:07:38 AM »
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  • You have to understand that the United States is currently very, very special because they can "print" their way out of any financial deficit. If any other country on earth did what America does every year, those countries would have massive inflation and probably hyperinflation. Only America can "export" her inflation, or add $1 trillion to the money supply without much appreciable inflation resulting.

    That is because dozens -- even hundreds -- of countries use USD to settle their imports, buy oil, etc. The USD has the immense privilege of being the world's reserve currency.

    However, if we ever lost this privilege, we'd have to be like every other country.

    Just look at what happened to Greece and Cyprus recently. When most countries have debt issues, they have to tighten their belts, impose "austerity" on the people, raise taxes, confiscate wealth, etc. There are only so many ways a sovereign government can raise funds!

    And a country like America with a huge trade imbalance (we need everything, but produce very little for the world -- a.k.a. "massive imports, few exports") would have to keep devaluing its currency, year after year, until its trade deficit was balanced.

    Long story short, America would FIRST have to join the rest of the world, and very soon after would join the ranks of the third-world countries. It's not going to be easy for the citizens of the world's richest country, I'll tell you that. Americans are so affluent, so wasteful, and so entitled. We are generally content for third world citizens to slave away in sweatshops, living amidst great environmental pollution, so we can have our jeans, TV sets and iphones. Imagine when the tables are turned!

    Now would be a good time to embrace the virtues of frugality and poverty. The spirit of poverty involves not wasting, and taking care of one's things. There are plenty of poor people who DO NOT have the spirit of poverty, and plenty of people making 100K a year who DO have the spirit of poverty.
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    Offline Caraffa

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    What losing Reserve Currency status will mean for us
    « Reply #3 on: November 06, 2016, 02:55:34 PM »
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  • Quote from: Matthew
    You have to understand that the United States is currently very, very special because they can "print" their way out of any financial deficit. If any other country on earth did what America does every year, those countries would have massive inflation and probably hyperinflation. Only America can "export" her inflation, or add $1 trillion to the money supply without much appreciable inflation resulting.


    Even if the US Dollar was not the reserve currency, it could still "print" money and increase its debt for a time while not having too much of an inflationary scare (like Japan).* The US can do this due to the high level of private consumer debt. Debt creates a demand for future dollars and thus acts as deflationary force. It is one of the reasons why the government indebts young adults through student loans.

    *But likely not as long as Japan because they are a homogenous country and the United States is not.
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    Offline Steve Hanniwald

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    What losing Reserve Currency status will mean for us
    « Reply #4 on: November 08, 2016, 03:05:26 PM »
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  • Just keep in mind that the US was founded by Freemasonic Luciferians who had a vision for our future, and for the future of the world. Here we are today, swimming in Luciferian ideals, embedded deeply in our culture. Is this really a surprise? Look at all the Babylonian and Freemasonic iconography in Washington DC.

    The Carbonari sect of Freemasony in Italy had similar visions. They are also the ones who wrote the Alta Vendita, the plan to destroy the Catholic Church from within. When Freemasonic Luciferians were allowed to control the US economy via the creation of the US central bank in 1913, this sealed it.

    The US was designed as a launching pad toward Freemasonic Luciferian and Fondi global domination. We have the most valuable Luciferian commodity on the plant -- millions of brainwashed followers. Dumbed down by vaccinations, aluminum contaminants in the air, and fluoridated water, and then endlessly brainwashed by sophisticated media propaganda that is difficult to detect.

    We may see endless fear-mongering in the media, as a Tavistockian means of controlling the masses. The reality is that brainwashed humans are the most valuable commodity on the planet, and I would be seriously surprised if the Fondi will do much to kick the legs out from under their own chair. By keeping us empowered, they remain empowered. We are the willing idiots who keep their power machine running.



    Offline Geremia

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    What losing Reserve Currency status will mean for us
    « Reply #5 on: November 08, 2016, 03:32:13 PM »
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  • Quote from: Steve Hanniwald
    Just keep in mind that the US was founded by Freemasonic Luciferians who had a vision for our future, and for the future of the world. Here we are today, swimming in Luciferian ideals, embedded deeply in our culture. Is this really a surprise? Look at all the Babylonian and Freemasonic iconography in Washington DC.
    Or look at Freemasonic grandmaster George Washington laying the U.S. Capitol's cornerstone in a Freemasonic ceremony:
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    Offline Steve Hanniwald

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    What losing Reserve Currency status will mean for us
    « Reply #6 on: November 08, 2016, 04:19:03 PM »
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  • Quote from: Geremia
    Quote from: Steve Hanniwald
    Just keep in mind that the US was founded by Freemasonic Luciferians who had a vision for our future, and for the future of the world. Here we are today, swimming in Luciferian ideals, embedded deeply in our culture. Is this really a surprise? Look at all the Babylonian and Freemasonic iconography in Washington DC.
    Or look at Freemasonic grandmaster George Washington laying the U.S. Capitol's cornerstone in a Freemasonic ceremony:


    Seems like they decided to ride on the coattails of Christianity and free market capitalism to arrive at 1st world country status, before initiating the slow conversion to mass Luciferianism and Communitarianism in 1913. That was already 100 years ago. I believe they were very successful in implementing their vision.

    Now that they have a base of 360 million brainwashed people in the US, as well as those in Western Europe, they are now creating global Communitarian law out of the courts in Brussels. They are just putting the icing on the cake they created.

    They are now formalizing their Luciferian philosophy by giving it a legal foundation.

    Offline Pax Vobis

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    What losing Reserve Currency status will mean for us
    « Reply #7 on: November 09, 2016, 10:47:51 AM »
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  • With Clinton, I was sure that WW3 was just around the corner.  With Trump, at least there's a chance that we try to avoid it, if we can.  However, I think the power's that be will start devaluing the dollar.  One way or the other, our economy will suffer, but that has to happen before a return to economic reality.  I suppose it's better than all-out war.


    Offline Steve Hanniwald

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    What losing Reserve Currency status will mean for us
    « Reply #8 on: November 09, 2016, 02:38:57 PM »
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  • Quote from: Pax Vobis
    With Clinton, I was sure that WW3 was just around the corner.  With Trump, at least there's a chance that we try to avoid it, if we can.  However, I think the power's that be will start devaluing the dollar.  One way or the other, our economy will suffer, but that has to happen before a return to economic reality.  I suppose it's better than all-out war.


    Keep in mind that our Constitution gives our government the power to write off all debt, at any moment. This includes debts to private corporations, such as central banks. In fact, no government in the world is beholden to its debt. If the debt destabilizes the country, the debt should be set to zero. In Rome, this happened every 12 (?) years, for this reason.

    Knowing this, the question then becomes -- why does our government not write off this debt? It's because the coordinated efforts of 162 central banks worldwide would crush the US economy overnight, if the debt is forgotten. Most of US debt is to private central banking families. Our federal income tax pays off the debt owned to these families, who control the US Treasury, which is where that money goes. If an individual chooses not to pay the IRS (owned by the central banks), they are put in prison. Governments are treated the same way.

    The debt keeps the credit-debt slave system going, and this in turn ensures that the Fondi Freemasonic Luciferian central banking families remain in power. So, an economic crash is far less useful for these people than a slow burn that continues to keep things moving the way they have been for the last 100 years. They have their media machine continue to spew news that makes people fearful of a crash, but the fear is intended to paralyze people into apathy, rather than change the system.




     

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