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[–] Pattern_Blind 0 points 1 point 1 point (+1|-0) ago (edited ago)
I have stated this before and you have to remember that the United States is still the World Reserve Currency. To be this the other countries must have US Dollars to spend amongst themselves. If you remove American Dollars some other Country (like lets say China) would fill that void. This is basically a World Wide Welfare scam that we use to Prop up the US Dollar as a Currency.
At a base level what gives a currency power? People using it. (Think British Tally-Wack Sticks.) If Countries have none and do not use it then America’s currency looses power. It is like Veterans and how they control them through their monthly checks. Veterans have it too good to march on Washington DC and have their checks to look forward to spending each month. That is control. The same control America has over a Sheboon with 7 welfare babies. “Who’s gonna pay for them?” The Dollar World Reserve Currency System is. Foriegn Countries are on the same Welfare Dole and have structured their economies around it. That is part of what gives the Dollar it’s power.
The formation of the B.R.I.C.S. trading group and the ability for cross border trade without the dollar is a form of warfare against the American Dollar Foriegn Reserve Currency status. That in my mind kicked off WW3 for the world, challenging the Petro Dollar. America was forced to act. Or face utter defeat through bankruptcy on the World Stage. If all the countries stop using the dollar or try cash the Foriegn US Welfare Dollars. America would be dilluged or drowned in worthless notes.
More than a few Economists have pointed out a couple of the views or points I expressed and I pieced the rest togethet by living in the World Wide Welfare State of the United States dollar. I have to re-iterate this for Voat every six months or so for the Newbies. I need to make a copy pasta.