Abandon all dollars, ye who linger here.
Birch Gold Group –
"USD Faces this Triple Threat"(Right-click title to see original story) (Image source)
– Flash Points –
1 – Goldman Sachs is telling us to short the US dollar.2 – China is looking to replace the yuan with a digital currency.
3 – The Fed is digging a deeper hole, for both itself and the dollar.
– Synopsis –
In a recent posting on “BirchGold.com,” the team at Birch Gold Group identified 3 threats that the US dollar currently faces.
Threat 1 – Goldman Sachs Calls for Shorting US$
Even Goldman Sachs seems to be losing faith in the US dollar, as it recently advised its clients to “short” it. “Shorting” the dollar means betting against it, in the expectation that it will drop in value. Once the dollar plunges in value, those who have shorted it can swoop in and make a handsome (some say, “ugly”) profit on the bet.
Threat 2 – China’s Digital Currency Could Doom US$
Threat 3 – Fed’s MMMT (Mad Modern Monetary Theory)
Over the past 8-9 months, the brainless tag team of Federal Reserve chairman Jerome Powell and Prezint Donald Drumpf has been doing whatever it takes to keep the moribund economy alive. What it takes is a combination of Mad Maniacal Modern Monetary Theory (MMMMT) and helicopter money, in which trillions and trillions of dollars are printed, then distributed in the most reckless and irresponsible fashion.
Far from saving the economy or even improving it, the Fed’s actions are destroying the dollar. What follows will be the complete and utter annihilation of the US economy.
– Insight from Outside –
Essentially, Goldman Sachs is warning its clients, “Abandon all dollars, ye who linger here.” (Image source)
Middle Kingdom, at Center of Global Economy
The dollar became the world’s reserve currency based on the dominant US position in the post-World War 2 global economy. But those days are long gone.
For decades now, China has understood that the un-backed US dollar is doomed. When the dollar finally collapses, China will likely have the most viable replacement.
Phantom Value
Printing money creates false money. It can never produce wealth.
But that has not stopped the wise men at the Fed from printing insanely bloated shitloads of money and distributing it to those who need it least.
As stated above, the Fed is obliterating the dollar. (Image source)
First time I heard the term Mad Modern Monetary Theory. You wouldn't have a useful link on hand?
The term "Modern Monetary Theory" (MMT) has been around for a while, but it has become more commonly used since the major central banks launched their money-printing sprees after the 2008 crash. (I added the "mad, maniacal" part, just to ensure that the term accurately describes the theory.)
MMT is just a grandiose term for money-printing / helicopter money. It's insane, foolish, and very destructive.
https://en.wikipedia.org/wiki/Modern_Monetary_Theory
Expect destruction.
Sure. I figure like equations that go into developing the tools used by the Fed.
Such a pity. China has proven that they are ready to control the world's economy as they understand how the money business works. About a week ago, the euro was rising agains t the usd which was an early sign. if Goldman Sachs have urged people to move then i must say that the end of the dollar is close by... Great information.
Although i feel this is good news for the crypto industry too.
Yes, it's great news for the crypto community. Besides gold and silver, cryptos are among the finest alternatives which will replace all the valueless fiat money. That time is coming soon.
I await that time badly
I found this article so interesting that I wished it didn't come to an end. I love the phrase helicopter money, sounds like how Hive was airdropped. Hehehe
The first point is scariest for me. Thanks for sharing.
Thanks so much for another note of appreciation. I promise, this series will not end, and I might even work harder at it to get you another post, soon.
As for helicopter money, I did not coin that phrase. It's become a relatively popular term to describe the govt's printing of massive amounts of money and distributing it at random over the entire population. A surefire way to debauch a currency.
Very educative. These threats the USD is facing should be actively looked out for elimination
Indeed, those in positions of power and responsibility should look into this. But, in fact, the situation has spun far beyond their control. Even if they decided to take action, it's doubtful that they could accomplish anything that would save the dollar.
It's doubtful quite alright but if they allow the number one currency to depreciate then they have themselves to blame.
See the likes of other currencies now. Their leaders allowed them to depreciate that it's almost worthless.
@tipu curate
Upvoted 👌 (Mana: 14/28)
In a fun time, we have to live. At such times, the value of the property becomes even more relevant.
That threat two take me to notice. China are just working with all effort in taking control of the globe, I believe that is the main objective why they are planning to change their currency
Hmmmm... I agree that the days of Dollar are numbered and the current problems in the world are only going to let that happen faster...
I think it's a smart move of China to go digital! Hope they succeed or at least overcome the hurdles and show the world that digital money can replace the current system.
Then again, it's easier to print infinite digital money than paper ones so they'll have the same problem of our current economy, don't you think?
Good point. For the most part, whether it's paper money or digital money, it's a simple matter of clicking a button and "printing" money. Either way, the same problems arise.