When the Dollar Dies, The World Will Go Down With It? ... NOPE
This is something that I have been hearing for a while and in fact it was an idea that I used to think as well.
When the dollar dies, the world will die with it.
Nope, it will not, because there is a new kid on the block.
Unbeknownst to most of the US, right now a new world monetary system is being put in place. When this comes on line completely, odds are that it will basically kill the US Dollar as the global reserve currency.
This new system is called The Asian Infrastructure Investment Bank – also known as the AIIB.
aiib-membership-reuters
40 countries (60% of the world’s GDP) are now jumping the US ship like rats and setting up financial swap lines to bypass the dollar and SWIFT system. The fact that China, Russia, India, Germany, France, and the United Kingdom have all joined this new alliance, it means that the Eurozone itself as of today has abandoned the dollar, and preparing for transitions to commence with the new AIIB banking system.
Once this new system is completely in place, the US dollar won’t be needed in these countries. They will have the means to transact financial commerce thus cutting the US and The World Bank out of the picture.
What this will theoretically do is cause all those US dollars that are being held by foreign countries, to slowly start trickling back home to the US.
Now will it be a sudden death?
No, because like it or not we are still one of the largest economies next to China and our goods and services are used and needed all over the world.
What will happen though is that the buying of these goods and services from other countries will slow down.
It is death by a thousand cuts and will impact our economy greatly. But will the world die the financial death along with the US when this happens?
Nope, the US will pretty much be left to its own devices and start to implode. That is till she rights the ship and starts being productive a productive nation again. http://www.prophezine.
No comments:
Post a Comment