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Monetarium 2 was a resounding success and a meaningful step forward in bringing together communities focused on fixing the dollar with those focused on building backups to the dollar, should they ever be needed. The conference had the dual theme of Plan A: Fixing the Fiat System — i.e.,...

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Peter Schiff: De-dollarisation means the REMONETISATION of gold, the dollar can ABSOLUTELY be replaced by it 'It was the dollar that replaced gold. Before we had the dollar as the reserve, everybody, including the United States, held gold. I don't think anybody controls gold. Where you have control is over fiat currencies. The US government, the Federal Reserve, can create as many dollars as it wants out of thin air. Gold can't be created out of thin air. There is a limit to how much gold exists and can be mined. And so gold is the most honest form of money that we have. And it takes the power away from any one government. Private investors are going to be moving out of fiat currency-denominated instruments as a means of savings, including sovereign debt. And they're going to be increasingly looking to gold as a better storehouse of value than sovereign debt.' -Peter Schiff, Host of 'The Peter Schiff Show' on the latest episode of New Order. Watch the full interview in the quoted post below. 👇 Peter Schiff
2:25

Peter Schiff: De-dollarisation means the REMONETISATION of gold, the dollar can ABSOLUTELY be replaced by it 'It was the dollar that replaced gold. Before we had the dollar as the reserve, everybody, including the United States, held gold. I don't think anybody controls gold. Where you have control is over fiat currencies. The US government, the Federal Reserve, can create as many dollars as it wants out of thin air. Gold can't be created out of thin air. There is a limit to how much gold exists and can be mined. And so gold is the most honest form of money that we have. And it takes the power away from any one government. Private investors are going to be moving out of fiat currency-denominated instruments as a means of savings, including sovereign debt. And they're going to be increasingly looking to gold as a better storehouse of value than sovereign debt.' -Peter Schiff, Host of 'The Peter Schiff Show' on the latest episode of New Order. Watch the full interview in the quoted post below. 👇 Peter Schiff

New Order with Afshin Rattansi

160,586 views • 1 month ago

🚨NEW: Adam Curry nicely breaks down how Stablecoins work, Tether, and the likely future of the US Digital Dollar system. (Worth a watch if you don't know about this subject) "A stablecoin is a digital dollar thats pegged to the dollar so it's always a dollar. It's already being used all over the internet and the world. The only reason it's worth a dollar is because the stablecoin company that creates it has debt and paper to back it up. They buy America's debt, they buy treasury bonds or T-bills that pay a dividend that gives interest, and for each dollar they've bought in treasury they can create stablecoins. If you look at the company Tether they've bought more of the US debt than most countries. They have $160B worth of US debt. For each of those dollars they have a stablecoin. There's like 50 people in the company. They have $160B at 4% interest annually, they're making BANK just for holding this debt. I think that President Trump is very smart in seeing that we can flood the world with our stablecoin and we get a 2-for-1. We create a dollar of debt and we create another dollar that can be used all over the world as a reserve currency and that should result in some new monetary system that we need to come up with to have our dollar valued properly but also still remain the reserve currency and remain a strong export country. We don't make anything that we sell abroad, we can't all serve each other burgers and fries -- we have to build something. All of that went overseas. There's something big coming, and it has to happen. Trump is a meta guy. He's going to re-finance the country. It'll be digital and he Bitcoiners don't like this because they want Bitcoin to be the one currency that everyone uses but its now more like a digital gold that's much easier to move around. It's useful but it isn't money or currency the way it was originally intended -- but it is still very important and will be part of the US' strategic reserve. It looks to me like Stablecoins and Tether in particular will be the future of the US dollar payments. A lot of people on the right are afraid of being controlled on a grid because you can stop stablecoins -- but it seems there's no way of getting around some form of a digital dollar. I still like Bitcoin as a backup to protect from that control." Great breakdown Adam Curry - curryirc.com
4:51

🚨NEW: Adam Curry nicely breaks down how Stablecoins work, Tether, and the likely future of the US Digital Dollar system. (Worth a watch if you don't know about this subject) "A stablecoin is a digital dollar thats pegged to the dollar so it's always a dollar. It's already being used all over the internet and the world. The only reason it's worth a dollar is because the stablecoin company that creates it has debt and paper to back it up. They buy America's debt, they buy treasury bonds or T-bills that pay a dividend that gives interest, and for each dollar they've bought in treasury they can create stablecoins. If you look at the company Tether they've bought more of the US debt than most countries. They have $160B worth of US debt. For each of those dollars they have a stablecoin. There's like 50 people in the company. They have $160B at 4% interest annually, they're making BANK just for holding this debt. I think that President Trump is very smart in seeing that we can flood the world with our stablecoin and we get a 2-for-1. We create a dollar of debt and we create another dollar that can be used all over the world as a reserve currency and that should result in some new monetary system that we need to come up with to have our dollar valued properly but also still remain the reserve currency and remain a strong export country. We don't make anything that we sell abroad, we can't all serve each other burgers and fries -- we have to build something. All of that went overseas. There's something big coming, and it has to happen. Trump is a meta guy. He's going to re-finance the country. It'll be digital and he Bitcoiners don't like this because they want Bitcoin to be the one currency that everyone uses but its now more like a digital gold that's much easier to move around. It's useful but it isn't money or currency the way it was originally intended -- but it is still very important and will be part of the US' strategic reserve. It looks to me like Stablecoins and Tether in particular will be the future of the US dollar payments. A lot of people on the right are afraid of being controlled on a grid because you can stop stablecoins -- but it seems there's no way of getting around some form of a digital dollar. I still like Bitcoin as a backup to protect from that control." Great breakdown Adam Curry - curryirc.com

Autism Capital 🧩

365,538 views • 1 year ago

🚨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
3:31

🚨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

Afshin Rattansi

107,856 views • 6 months ago

RFK Jr. on BRICS expansion and the risk of a ‘free fall’ scenario for the US economy. “Yeah, at least 22 countries are now part of it. And the whole premise is to destabilize. It’s to get off the American dollar, get off balance. We’re going to get off the American dollar to take the power away from America. And that if that happens, the US economy will go into a free fall. The question is, how fast is it going to happen? And are we going to be able to put safeguards in place to in order to avoid a massive, massive depression that could make the Great Depression look like a cakewalk? We have a $34 trillion debt right now. And within five years, $0.50 out of every dollar that we collect taxes is going to go to servicing the debt within ten years, 100%. And that’s if interest rates don’t rise.” Robert F. Kennedy Jr
15:27

RFK Jr. on BRICS expansion and the risk of a ‘free fall’ scenario for the US economy. “Yeah, at least 22 countries are now part of it. And the whole premise is to destabilize. It’s to get off the American dollar, get off balance. We’re going to get off the American dollar to take the power away from America. And that if that happens, the US economy will go into a free fall. The question is, how fast is it going to happen? And are we going to be able to put safeguards in place to in order to avoid a massive, massive depression that could make the Great Depression look like a cakewalk? We have a $34 trillion debt right now. And within five years, $0.50 out of every dollar that we collect taxes is going to go to servicing the debt within ten years, 100%. And that’s if interest rates don’t rise.” Robert F. Kennedy Jr

Shawn Ryan

614,127 views • 6 months ago

Let me tell you a story of how the US Banned Hodling of Gold in 1933 during the Great American Depression, and tricked other countries into pegging their currency to the US Dollar as it was backed by Gold but then removed Gold Backing from the US Dollar - Giving birth to Current Fiat Currency System.
20:51

Let me tell you a story of how the US Banned Hodling of Gold in 1933 during the Great American Depression, and tricked other countries into pegging their currency to the US Dollar as it was backed by Gold but then removed Gold Backing from the US Dollar - Giving birth to Current Fiat Currency System.

Aditya Singh

20,413 views • 1 year ago

Mohammed Baharoon: The REAL threat to the dollar is CRYPTOCURRENCY, and the US🇺🇸 knows it 'In the GCC we have a country like Kuwait, who has pegged its currency to a basket of currencies. It is pegged to the dollar, the euro, the Japanese yen. So there are examples of this, and we haven't seen the US bring its wrath on Kuwait, for instance. If you remember when the EU started their own currency, it was at the point where the world was unipolar, and there was a need for resilience. That's why it was supposed to be a currency that balances the world. So again, it is a different currency. The US now is investing in crypto because they understand that, as AI continues, this might be the way forward.' -Mohammed Baharoon, Director General of the Dubai Public Policy Research Center, on the latest episode of New Order. Watch the full interview in the quoted post below. 👇 Mohammed Baharoon b'huth بحوث
1:36

Mohammed Baharoon: The REAL threat to the dollar is CRYPTOCURRENCY, and the US🇺🇸 knows it 'In the GCC we have a country like Kuwait, who has pegged its currency to a basket of currencies. It is pegged to the dollar, the euro, the Japanese yen. So there are examples of this, and we haven't seen the US bring its wrath on Kuwait, for instance. If you remember when the EU started their own currency, it was at the point where the world was unipolar, and there was a need for resilience. That's why it was supposed to be a currency that balances the world. So again, it is a different currency. The US now is investing in crypto because they understand that, as AI continues, this might be the way forward.' -Mohammed Baharoon, Director General of the Dubai Public Policy Research Center, on the latest episode of New Order. Watch the full interview in the quoted post below. 👇 Mohammed Baharoon b'huth بحوث

New Order with Afshin Rattansi

94,094 views • 16 days ago

BRICS+ is taking over and there’s nothing the West can do about it. The US dollar won’t be the worlds reserve currency and the US Govt won’t be able to print money on the backs of other nations. US Govt bonds will be junk because of insane US debt. The End
0:49

BRICS+ is taking over and there’s nothing the West can do about it. The US dollar won’t be the worlds reserve currency and the US Govt won’t be able to print money on the backs of other nations. US Govt bonds will be junk because of insane US debt. The End

Kim Dotcom

1,572,049 views • 3 years ago

As managers of the economy, we have remained steadfast in our duty to ensure a strong and stable Cedi. Our strong commitment to fiscal discipline, has contributed to the strengthening of the currency. We remain committed, and we shall stay the course to ensure that the Cedi’s gains are maintained. As citizens, we have a role to play. We must maintain the sanctity of the Cedi as a legal tender, by preserving it with dignity and protecting it jealously. Let me use this opportunity to remind Ghanaians that the US dollar is not our currency. The continuous pricing of goods and services in US dollar will only hurt us. Let’s stop it!
4:13

As managers of the economy, we have remained steadfast in our duty to ensure a strong and stable Cedi. Our strong commitment to fiscal discipline, has contributed to the strengthening of the currency. We remain committed, and we shall stay the course to ensure that the Cedi’s gains are maintained. As citizens, we have a role to play. We must maintain the sanctity of the Cedi as a legal tender, by preserving it with dignity and protecting it jealously. Let me use this opportunity to remind Ghanaians that the US dollar is not our currency. The continuous pricing of goods and services in US dollar will only hurt us. Let’s stop it!

Cassiel Ato Forson (PhD)

14,188 views • 9 months ago

NEW EPISODE ‼️ - #Bitcoin Daily America’s complete 180 from anti-crypto to pro-crypto is complete, as just today the House Passed FIT21, a bill that proposes a framework for innovation and adoption of digital assets, including protection of self custody and transactional freedom.⛓️‍💥 We’ll also look at shocking comments from the house floor like that of Brad Sherman who called crypto a direct competitor to the US dollar, and a threat to replace it as the world’s reserve currency. 💵 And as if this wasn't enough winning for one day, the house also passed the CBDC Anti-Surveillance Act which blocks the Fed from creating a Central Bank Digital Currency. Gradually then suddenly, I guess! 🏦
9:10

NEW EPISODE ‼️ - #Bitcoin Daily America’s complete 180 from anti-crypto to pro-crypto is complete, as just today the House Passed FIT21, a bill that proposes a framework for innovation and adoption of digital assets, including protection of self custody and transactional freedom.⛓️‍💥 We’ll also look at shocking comments from the house floor like that of Brad Sherman who called crypto a direct competitor to the US dollar, and a threat to replace it as the world’s reserve currency. 💵 And as if this wasn't enough winning for one day, the house also passed the CBDC Anti-Surveillance Act which blocks the Fed from creating a Central Bank Digital Currency. Gradually then suddenly, I guess! 🏦

Swan

20,995 views • 2 years ago

Former Economic Hitman John Perkins: The US Dollar will be REPLACED, US Empire is in DECLINE 'Everywhere I go, I hear people really questioning the United States and the dollar and the whole idea of our Federal Reserve System. China is in an awkward position as far as replacing the dollar, because we owe China a lot of money in dollars, and if the dollar devalues too much, China loses money. There are three hallmarks of a true global empire. Its currency is the world's currency: the US dollar. And as that goes down, so does the US influence around the world. Another one is US military power. And that's being strongly questioned, because it doesn't win wars anymore. The US hasn't won a war since World War II. And the third one is the language.' -John Perkins, Author of 'The Art of the Steal: Trump and the Economic Hit Man Presidency', on the latest episode of New Order. Watch the full interview in the quoted post below. 👇 John Perkins
1:56

Former Economic Hitman John Perkins: The US Dollar will be REPLACED, US Empire is in DECLINE 'Everywhere I go, I hear people really questioning the United States and the dollar and the whole idea of our Federal Reserve System. China is in an awkward position as far as replacing the dollar, because we owe China a lot of money in dollars, and if the dollar devalues too much, China loses money. There are three hallmarks of a true global empire. Its currency is the world's currency: the US dollar. And as that goes down, so does the US influence around the world. Another one is US military power. And that's being strongly questioned, because it doesn't win wars anymore. The US hasn't won a war since World War II. And the third one is the language.' -John Perkins, Author of 'The Art of the Steal: Trump and the Economic Hit Man Presidency', on the latest episode of New Order. Watch the full interview in the quoted post below. 👇 John Perkins

New Order with Afshin Rattansi

217,088 views • 1 month ago

Former World Bank Director, Erik Bethel, breaks down a US dollar collapse scenario. “How are they buying it? Well they buy it by printing money. The artificial demand for dollars around the world is largely due to the fact that 60% of central banks have the dollar sitting in reserves. If the dollar isn’t there because nobody wants to use the dollar, we’re screwed. All that artificial demand for dollars disappears and we crater. We’re not going to be able to pay Medicare. And we’re adding $1 trillion of debt every hundred days. You know our government is paying more in interest on our debt, like over $1 trillion in interest alone. We’re paying more in interest, just in interest to service the debt than we are paying for the Defense Department. People start losing faith in the dollar. We see huge amounts of inflation, perhaps hyperinflation.”
17:18

Former World Bank Director, Erik Bethel, breaks down a US dollar collapse scenario. “How are they buying it? Well they buy it by printing money. The artificial demand for dollars around the world is largely due to the fact that 60% of central banks have the dollar sitting in reserves. If the dollar isn’t there because nobody wants to use the dollar, we’re screwed. All that artificial demand for dollars disappears and we crater. We’re not going to be able to pay Medicare. And we’re adding $1 trillion of debt every hundred days. You know our government is paying more in interest on our debt, like over $1 trillion in interest alone. We’re paying more in interest, just in interest to service the debt than we are paying for the Defense Department. People start losing faith in the dollar. We see huge amounts of inflation, perhaps hyperinflation.”

Shawn Ryan

795,941 views • 6 months ago

🚨💵Peter Schiff: Sanctions on Russia🇷🇺 marked the beginning of the end of the dollar as the world’s reserve currency “I was very critical at the time of the Biden sanctions against Russia, and I said that would come back to bite the US because I knew how critical the dollar’s reserve currency status was to propping up the US economy. I said that Biden just sent a very loud message, a warning to the world that they need to get rid of their dollars, that they could be the next Russia. If they do something that the United States doesn’t like, they’ve got that weapon. And so why would you want to enable the United States with a weapon to use against you? So I said this is going to result in a lot of selling of US dollars and US Treasuries. And that’s exactly what happened. The reason that gold is over $3300 an ounce is because central banks are getting rid of their dollars. And one of the reasons that the yield on US Treasuries just hit a new multi-year high and continues to rise is because we don’t have all the foreign buyers that Biden scared away. I think we’ve already established the precedent that the dollar is not sacrosanct. And if you’re a nation and you have US dollars, you have US Treasuries and you own them in good faith in that you would trust that they would be a reserve asset, a neutral reserve asset. We’ve already established a precedent that that’s not the case, that we can yank the rug out from under you whenever we want. So I think regardless of what Trump does now, if I was in China or any of these countries, especially China, because, you know, we vilify China, we say China’s our enemy. Okay, well, if China’s our enemy, why the hell do they want to leave themselves vulnerable by owning all of our bonds? And it’s not just Treasuries that they own. They own mortgage-backed securities. They have a tremendous amount of dollar-denominated assets, so I would be completely divesting as quickly as I could.” -Peter Schiff on Going Underground
2:35

🚨💵Peter Schiff: Sanctions on Russia🇷🇺 marked the beginning of the end of the dollar as the world’s reserve currency “I was very critical at the time of the Biden sanctions against Russia, and I said that would come back to bite the US because I knew how critical the dollar’s reserve currency status was to propping up the US economy. I said that Biden just sent a very loud message, a warning to the world that they need to get rid of their dollars, that they could be the next Russia. If they do something that the United States doesn’t like, they’ve got that weapon. And so why would you want to enable the United States with a weapon to use against you? So I said this is going to result in a lot of selling of US dollars and US Treasuries. And that’s exactly what happened. The reason that gold is over $3300 an ounce is because central banks are getting rid of their dollars. And one of the reasons that the yield on US Treasuries just hit a new multi-year high and continues to rise is because we don’t have all the foreign buyers that Biden scared away. I think we’ve already established the precedent that the dollar is not sacrosanct. And if you’re a nation and you have US dollars, you have US Treasuries and you own them in good faith in that you would trust that they would be a reserve asset, a neutral reserve asset. We’ve already established a precedent that that’s not the case, that we can yank the rug out from under you whenever we want. So I think regardless of what Trump does now, if I was in China or any of these countries, especially China, because, you know, we vilify China, we say China’s our enemy. Okay, well, if China’s our enemy, why the hell do they want to leave themselves vulnerable by owning all of our bonds? And it’s not just Treasuries that they own. They own mortgage-backed securities. They have a tremendous amount of dollar-denominated assets, so I would be completely divesting as quickly as I could.” -Peter Schiff on Going Underground

Going Underground

16,526 views • 3 months ago

U.S. Senator Lindsey Graham: Iran is charging ships to pass through the Strait of Hormuz and taking yuan, which poses a threat to the U.S. dollar. (Comment from me below the quote) "As for the Strait of Hormuz, right now the IRGC - the Iranians - are charging ships to pass through the straits, and they’re taking yuan, not dollars. One threat in all of this debacle is that if we start allowing Chinese currency to be used in oil trading, it will hurt the dollar. Since 1974, every barrel of oil sold and traded in the world has been traded in dollars. Now what are the Iranians trying to do? They’re trying to change the currency from the dollar to the Chinese yuan - and that’s an attack on the dollar. And that needs to end too." The coming hours and the decisions that will be made in Iran and regarding Iran will be truly decisive, both for the entire Middle East and for the global economy. I hope that all decision-makers on both sides take into account the potential economic and humanitarian consequences.
0:31

U.S. Senator Lindsey Graham: Iran is charging ships to pass through the Strait of Hormuz and taking yuan, which poses a threat to the U.S. dollar. (Comment from me below the quote) "As for the Strait of Hormuz, right now the IRGC - the Iranians - are charging ships to pass through the straits, and they’re taking yuan, not dollars. One threat in all of this debacle is that if we start allowing Chinese currency to be used in oil trading, it will hurt the dollar. Since 1974, every barrel of oil sold and traded in the world has been traded in dollars. Now what are the Iranians trying to do? They’re trying to change the currency from the dollar to the Chinese yuan - and that’s an attack on the dollar. And that needs to end too." The coming hours and the decisions that will be made in Iran and regarding Iran will be truly decisive, both for the entire Middle East and for the global economy. I hope that all decision-makers on both sides take into account the potential economic and humanitarian consequences.

Anton Gerashchenko

88,944 views • 4 months ago

Trump, the Dollar and China: What to watch for in 2025 Trump wants to boost exports, bring back American jobs from overseas and reduce the trade deficit. To achieve this he needs a weaker dollar. Trump also wants a strong dollar and will not brook any challenges to its near monopoly of international payments. Can he possibly have both? Trump’s Problem No.1: His announced tariffs will most likely boost the dollar as a result of increased uncertainty globally. Even if he slaps large tariffs on imports, the increase in the dollar’s value will eliminate the downward pressures on imports and the US trade deficit. Trump’s Problem No.2: His announced large tax cuts for the rich will boost the influx of foreign capital into the US, further boosting the dollar and the gap between domestic savings & investment, which is the root cause of the US trade deficit. Trump’s Problem No. 3: The near monopoly of the US dollar over international transactions is what ensures the paradox that, whenever things go bad in the US economy, the dollar rises. If Trump were serious about the US trade deficit, and his stated objective of wanting to push the dollar down to make US exports more attractive, he should want to end the dollar’s global dominance. But that would spell the end of the United States as a global hegemon – something Trump does not want to see happen on his watch. Perhaps what might work for Trump would be something similar to what Ronald Reagan did to Japan in the so-called 1985 Plaza Accords: he gave them the ultimatumn “appreciate your currency massively or face massive tariffs on your exports”. Can Trump do the same to China? China is no Japan – it will not roll over that easily. Talking of China, Beijing also faces a great dilemma in 2025 and beyond: · To stay put and play for time until the US internal contradictions play out? · Or to turn the BRICS into a Bretton-Woods-like system, with the yuan at its heart? Beijing has not made up its mind. In the next year, or years, we shall know the answers. Till then, be well.
7:22

Trump, the Dollar and China: What to watch for in 2025 Trump wants to boost exports, bring back American jobs from overseas and reduce the trade deficit. To achieve this he needs a weaker dollar. Trump also wants a strong dollar and will not brook any challenges to its near monopoly of international payments. Can he possibly have both? Trump’s Problem No.1: His announced tariffs will most likely boost the dollar as a result of increased uncertainty globally. Even if he slaps large tariffs on imports, the increase in the dollar’s value will eliminate the downward pressures on imports and the US trade deficit. Trump’s Problem No.2: His announced large tax cuts for the rich will boost the influx of foreign capital into the US, further boosting the dollar and the gap between domestic savings & investment, which is the root cause of the US trade deficit. Trump’s Problem No. 3: The near monopoly of the US dollar over international transactions is what ensures the paradox that, whenever things go bad in the US economy, the dollar rises. If Trump were serious about the US trade deficit, and his stated objective of wanting to push the dollar down to make US exports more attractive, he should want to end the dollar’s global dominance. But that would spell the end of the United States as a global hegemon – something Trump does not want to see happen on his watch. Perhaps what might work for Trump would be something similar to what Ronald Reagan did to Japan in the so-called 1985 Plaza Accords: he gave them the ultimatumn “appreciate your currency massively or face massive tariffs on your exports”. Can Trump do the same to China? China is no Japan – it will not roll over that easily. Talking of China, Beijing also faces a great dilemma in 2025 and beyond: · To stay put and play for time until the US internal contradictions play out? · Or to turn the BRICS into a Bretton-Woods-like system, with the yuan at its heart? Beijing has not made up its mind. In the next year, or years, we shall know the answers. Till then, be well.

Yanis Varoufakis

269,151 views • 1 year ago

Should we raise the debt ceiling? CNN asked Ron Paul that question in 2011 during the “debt ceiling crisis” of that time, and he said, “Absolutely not.” He blamed Congress’s spending problem and said the alternative to defaulting by refusing to raise the debt ceiling is defaulting with inflation. He said the spending problem is a result of the Federal Reserve and the dollar being decoupled from gold in 1971. “That’s the way governments usually default on the debt,” Paul said. “They devalue the currency. Very very dangerous. And it eventually ends up very badly with a lot more inflation After that, CNN allowed him to explain why we should end the Federal Reserve:
6:28

Should we raise the debt ceiling? CNN asked Ron Paul that question in 2011 during the “debt ceiling crisis” of that time, and he said, “Absolutely not.” He blamed Congress’s spending problem and said the alternative to defaulting by refusing to raise the debt ceiling is defaulting with inflation. He said the spending problem is a result of the Federal Reserve and the dollar being decoupled from gold in 1971. “That’s the way governments usually default on the debt,” Paul said. “They devalue the currency. Very very dangerous. And it eventually ends up very badly with a lot more inflation After that, CNN allowed him to explain why we should end the Federal Reserve:

Liam McCollum

179,740 views • 3 years ago

'All Banks - not just the Bank of England - create money daily via double entry bookkeeping involving ‘deposits’ (loans to the bank) and ‘loans’ (the bank’s purchase of securities). This has been going on for centuries and is a fraud on The People. By turning away from FIAT and The Banking System, we not only free ourselves from the imposition of debt, we deprive the moneymakers of their oxygen. Extracting ourselves from the banking system can happen overnight - as it did in Ireland in 1970 when six banks went on strike and people relied on IOUs as a bill of exchange and pubs to exchange IOUs for cash if needed. During the April 28, 2025 internet/power blackout in Portugal and parts of France, shopkeepers recorded purchases in their books as IOUs and even issued paper ‘tabs’. It can be done. If banks can’t create money, they can’t purchase assets (ours) or fund conflicts. We have the power to cut off their oxygen overnight. Dump the Banks.'
6:37

'All Banks - not just the Bank of England - create money daily via double entry bookkeeping involving ‘deposits’ (loans to the bank) and ‘loans’ (the bank’s purchase of securities). This has been going on for centuries and is a fraud on The People. By turning away from FIAT and The Banking System, we not only free ourselves from the imposition of debt, we deprive the moneymakers of their oxygen. Extracting ourselves from the banking system can happen overnight - as it did in Ireland in 1970 when six banks went on strike and people relied on IOUs as a bill of exchange and pubs to exchange IOUs for cash if needed. During the April 28, 2025 internet/power blackout in Portugal and parts of France, shopkeepers recorded purchases in their books as IOUs and even issued paper ‘tabs’. It can be done. If banks can’t create money, they can’t purchase assets (ours) or fund conflicts. We have the power to cut off their oxygen overnight. Dump the Banks.'

Robin Monotti

101,866 views • 1 year ago