All “good” things must come to an end, including the dollar’s status as international unit of exchange / world reserve currency.
As predicted, China and Russia are pursuing a geopolitical strategy of bi-lateral exchange in non-dollar currencies, including their own national currencies as well as “global currencies.” And since there’s no such thing as a global currency that governments can print from nothing, one can only infer that they’re calling for the creation of a “multipolar” global banking order.
Who could have predicted this?
At the same time this is happening, America’s “paper of record”, The New York Times, is likewise calling upon the European Union to abandon the petrodollar and dollar-denominated exchange in favor of “strategic autonomy”, whatever that means. Kind of a drastic change of pace for them given that The Times helped lie America into every petrodollar war, ever.
Biden is unable to respond meaningfully to any of this as his administration is crippled by Chinese accusations that America is irredeemably WaYCisssT, as evidenced by the Black Lives Matter movement. This of course is yet another attack on the white Americans whom are also in the crosshairs of BLM rather than Biden himself, but it does effectively stop Biden from doing anything other than begging for a seat at the multipolar table.
I’ve got the latest!
This is EPISODE 638 of So to Speak w/ Jared Howe!
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