The dollar dying and the Yuan taking over is definitely Chinese CCP propaganda...
It’s Over: The US Dollar Just Broke The Chinese Yuan - Laowhy86
The problem is, the dollar is dying.
For numerous reasons
- Money printer go BRRRR
- People have had enough of The US using the dollar to bully everyone.
- The US military might doesn't seem as strong as it was
- Petro, of the Petro-Dollar, is getting out of hand. It is no longer only sold for dollars.
- The Fed has raised interest rates.
- The US dollar is getting long in the tooth.
But there is one really big problem with a currency collapse.
In all other collapses, there was somewhere for money to run to.
There was another currency for money to flow into.
So, as confidence in one place waned, confidence is another waxed.
The US dollar is used all over the world.
Even in China, were the CCP watches everything, if you deal with the company directly, they want dollars.
It isn't that the dollar is the biggest bully, it is the only game in town.
One could show graphs that The US dollar has better than a 50% market share.
The dollar isn't going anywhere.
Or is it?
External Attacks.
The BRICS nations are doing their best to abandon the dollar.
Every week you hear of another country making bilateral trade agreements in their own currencies.
You may ask why the MSmockingbirdM is reporting on these, when they avoid all kinds of other news.
So, the bottom should be falling out from under the dollar? But it is not. The dollar is now stronger. Or so they say. Just the nicest looking turd in the punch bowl. The one that is falling the slowest.
That said, dollars are coming back to America. The US will reap what it has sown. The tsunami is coming.
But, since there is no real competition, no where to run to, it is going to be a slow erosion process for The USD.
Internal Attacks
This is where things get interesting and much theory is involved.
The Powers That shouldn't Be want to introduce a new currency, a new world order.
T.H.E.Y. know that The US dollar is dying. They have been doing all but kill it. Riding this horse into the ground. And T.H.E.Y. want to introduce a digital currency that tells T.H.E.Y. exactly where every dollar is being spent. T.H.E.Y. want complete control over what money can be spent where.
Right now, T.H.E.Y. are printing as much money and buying up as much goods as possible. Black Rock/stone are buying up houses and mortgages. When you default, T.H.E.Y. will own them all, and will rent them back to you.
T.H.E.Y. will then crash the old dollar, and introduce the new dollar (Fed Now?)
Or maybe The US dollar crashes for another reason like The US govern-cement debt ceiling is no longer raised.
Anyway, this whole thing is being orchestrated, and the results are no clear.
Well, as to what will happen to the dollar.
Of course, bitcoin will take over. But that is a different post for another time.
The Inevitable Collapse
We have never seen a currency collapse without a place to run to.
Half of the loss of confidence is that there is something else you are more confident in.
There is bitcoin and gold, but right now, they are only a drop in the bucket compared to global currency numbers.
However, we all know the dollar is going to collapse.
To many internal and external forces want that to happen.
If the dollar isn't scuttled by its own controllers, it will continue on for a long time as it slowly wound down, and other currencies took a bigger and bigger part of the market. But scuttling/sabotaging/all out war are all things that look like they are in the works.
I am sure that many of us would really like to get this crash over with. We got our crypto bags. When moon?
Unfortunately, even when the self-destruct the dollar, it will probably take forever for it to die. People will still be using dollars they had under the mattress to buy food a year after the Fed said, "The US dollar is dead"
And, when the banks fail, cash will be king for quite a while.
Damnit people, just start using crypto already!
(then we could just ignore the dollar dying and its death throws, as we just ignore it into oblivion)