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Old October 6th, 2017 #1
littlefieldjohn
Senior Member
 
Join Date: May 2009
Posts: 8,105
Default "China and Russia Have a Plan to Dethrone the Dollar. If They Succeed Most of the World Will Rejoice"

Quote:
The present economic arrangement has allowed Washington to achieve an unparalleled strategic advantage over its geopolitical opponents (initially the USSR, now Russia and China), namely, a practically unlimited dollar-spending capacity even as it accumulates an astronomical public debt (about 21 trillion dollars).


The destabilizing factor for the global economy has been Washington's ability to accumulate enormous amounts of public debt without having to worry about the consequences or even of any possible mistrust international markets may have for the dollar. Countries simply needed dollars for trade and bought US treasures to diversify their financial assets.

The continued use of the dollar as a means of payment for almost everything, coupled with the nearly infinite capacity of the of (jew) FED to print money and the Treasury to issue bonds, has led the dollar to become the primary safe refuge for organizations, countries and individuals, legitimizing this perverse financial system that has affected global peace for decades.
http://russia-insider.com/en/politic...ejoice/ri21172