The average reserve currency length is 95 years. That the U.S dollar will lose its status as the global reserve currency is unavoidable. This will lead to Americans paying much higher prices for imports. The federal government will downsize drastically. No longer will massive yearly deficits be run.
When we can no longer pay our deficits with printed dollars, the 1 in 5 Americans who receive federal aid will see giant reductions in their benefits. Government employees will be fired en masse. Pensioners will receive a fraction of what they’re owed. This, of course, will be happening as our currency is plummeting on the foreign exchange market. Chaos will erupt in the streets. This day is rapidly approaching because…
2) The U.S. is only a few years away from another financial crisis
In 1998, Wall Street bailed out a hedge fund called Long-Term Capital Management to prevent a meltdown of the global financial system. In 2008, the world’s central banks bailed out Wall Street. What’s going to happen when central banks need to be bailed out?
Since 2008, they have printed over 12 trillion dollars to prop up the financial system. They’ve engendered monstrous speculative bubbles in stocks, bonds, and real estate. Donald Trump’s presidency, Brexit, and the rise of the European Far-Right are, in part, responses to Western nations buoying our broken monetary system at the expense of the general public.
James Rickards’ The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis details how the international monetary system is more unstable and disaster-prone than ever. Unprecedented levels of risk and criminality exist within it. The world’s governments, corporations, and citizens have never been this indebted. Once the global economy slows and debt-bombs begin exploding, the world’s Central Banks will be printing obscene amounts of money in an attempt to mitigate the damage. Their efforts will prove futile as citizens rush to hard assets to preserve their wealth.
Out of necessity, the global monetary system will be reconstructed. The International Monetary Fund’s Special Drawing Right (SDR) will supplant the U.S Dollar as the world’s reserve currency.
3) America no longer even remotely resembles what the founders envisioned
It’s remarkable how prescient our Founding Fathers were about America’s current predicament. They were keenly aware of man’s tyrannical impulses and the usurious nature of banks. They knew once the American public favored idols and indulgences over liberty, prudence, and goodwill, their leaders would follow suit. It’s shocking how far the country has deviated from what it originally was.
Whereas America used to embrace self-sufficiency and limited Federal governance, it is now a profligate, warmongering police state. Those who have suffered at the hands of our imperialistic wrath are still seething. In 2010, a military-grade, Russian attack virus was found in the NASDAQ operating system. Admiral Michael S. Rogers, head of the NSA, recently stated, “It’s only a matter of [time when] you are going to see a nation state, a group, or an actor engage in destructive behavior against critical infrastructure of the United States.”
Retaliation against our militarism abroad will soon destroy the nation.
