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Hasan Piker just said something so simple, so obvious, and so devastating: "Every dollar spent on a bomb Israel drops on a school is a dollar stolen from you - because that dollar could have built a school in your neighborhood. That's your productive output used to kill other...

41,743 views • 2 months ago •via X (Twitter)

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🚨Peter Schiff: China🇨🇳 is silently dumping the dollar, a US🇺🇸 dollar crisis is coming soon! ‘China is gradually weaning themselves off of the dollar. That’s why, if you look at their holdings of US Treasuries, they’ve actually gone down a bit over the years. If you look at all the new Treasuries we’ve issued over the years, the fact that the Chinese haven’t bought any of them is a big deal because they used to be a main buyer of these assets. Instead of buying more Treasuries, they’ve bought more gold. So if you look at US dollar debt as a percentage of all the reserves the Chinese own, Treasuries are a much smaller percentage of their total reserves than they once were, especially if you consider the appreciation of gold. I would guess the reason they’re not moving more dramatically is because they probably don’t want to cause a crash, the dollar to implode, the Treasury market to implode, because they are trying to sell and want to get a decent price. So I think they’re happy to slowly bleed it off to try to get that good price. They just have to worry about the impact on the dollar, because if they try to dump too many dollars at once, the dollar could go down, and especially if a lot of other countries see that and want to get out. There could be a run on the dollar. If all the holders decide they want to get out, they don’t want to be the last one holding the dollar, and so it becomes a rush, and we could be in a US dollar crisis relatively soon anyway… I think we’re heading for a real crisis in the US, and I think countries that are smart would be trying to get ahead of that by selling whatever they can, as quietly as they can, out of US dollars and any US dollar-denominated debt.’ -Peter Schiff on Going Underground

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Former BlackRock fund manager Ed Dowd on the death of the dollar 💵☠️ "we're in a stealth bull market in the dollar... [but] the bad news is there's a new monetary system coming" "I've always been of the opinion the dollar is going to fail up... Then they reset stuff" "The dollar system is designed for constant credit creation... [and] put simply more credit creation, lower dollar, less credit creation, higher dollar" "so de-dollarization is actually bullish for the dollar in the short term because... there's always people scrambling for dollar liquidity" "if the dollar goes up too fast, too quick, it squeezes other nations and causes serious economic pain" "The dollar is very much a financial weapon and it is used as such" "So the good news is I don't think the dollar is going away anytime soon. The bad news is there's a new monetary system coming" "I don't know when, but it's going to involve gold because the signal is going to involve gold because central banks are acquiring gold...[and] commercial banks are acquiring gold because they made it a tier-one capital again, which is essentially the ability to create money from your gold" "So I'm bullish the dollar long term until I see the charts break. And they haven't broken yet" "that's why when people ask me, What should I be doing with the stock market?, I go, Take some of your money and put it in the cash— They go, but inflation's killing me. Well, inflation may be killing you, but if the stock market deflates 50%, your cash is... a lot better" Shannon Joy Edward Dowd

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