The following are excerpts that review the end in status for the US Dollar as the international reserve currency. The move to a multipolar world has been inevitable for decades given the US's reduction of real productivity coupled with increase of consumption beyond our nation's means. The US has been effectively bankrupt for many, many years.
The question remains, will the cabal continue to control, or will nation's return to some semblance of self regulation. And how painful will the transition be? Certainly, the US will have to go back to living within its means.
"Over the past few months, there has been a steady uptick in the number of countries dumping significant portions of their dollar holdings.
Since the dollar currently enjoys its status as the world’s reserve currency, it is constantly being bought and sold by nations across the entire planet. This arrangement is essentially what is keeping the dollar strong even after the United States embraced neo-liberal Free Trade policies that saw the greatest economic system the world has ever known turned into a shell of its former self.
For countries tired of being victims of the empire, those who desire a “multipolar” world, and those seeking to expand their own empires, however, the smell of blood is wafting through the air.
China, the emerging and competing empire, has already started the process of dumping the American dollar in a careful and coordinated fashion.
What would happen if the dollar loses its status as the world’s reserve currency?
The truth is, no one fully knows exactly what such a situation would look like and it would depend on a number of factors such as how quickly the dollar is abandoned by the world, the action taken by the US government in response, and the economic situation of the country once the dollar is unseated.
we do have a general idea of what would happen.
perhaps the most dangerous, is the potential for widespread inflation and devaluing of the currency. Loss of world reserve status will undoubtedly lower the value of the dollar. The question, however, is whether that devaluation would occur slowly over a period of years or even decades or whether it would take place within months, weeks, or days.
given that the United States has used its status as a method of financing itself into maintained prosperity, the loss of that status would remove that privilege. Instead, the United States would be forced to either knuckle under to the dictates of the financiers that will have the country on its knees or do what it should have done all along – nationalize the Federal Reserve and begin issuing credit stimulus and imposing across-the-board tariffs on imports.
It would be nice to hope for the best and prepare for the worst but, as things appear today, we might want to start preparing much more than hoping.
https://www.theorganicprepper.com/dumping-the-dollar/