‘The world is going back to a GOLD STANDARD as the US dollar is about to collapse’ – Peter Schiff

[Pappa Alpha]

It's not a matter of if but when. Nothing lasts forever in this world.

 

[El Sidd]

Good for the Dowry Kings

 

[Menthol]

israeli jews have took control of most of gold reserves and they promoted all others to use paper money like usd,now they want to replace u.s with israel as top power and will ditch u.s dollar so it becomes easy for them to lead world,dajjal arrival is near once paper money collapse and people become dependent on him for wealth,u.s cannot do anything as they are made blind by zionists to recognize their true enemy,they are considering china as enemy but real enemies are sitting inside u.s and are controlling powerful positions with help of gogg and magog

I can see all the signs in the prophecy, whatever in the Bible and Koran, all are appearing at the same time today.

You don't even need to interpret it hardly or solving the puzzle.

It's just as what it said, word by word.

But of course, the prophecy is said based on the eyes and understanding of people from the past, which makes the description a bit of funny.


It just needs one step, which is Greece-Russia and Turkey war which is starting to brew this year.

And the rest will happen as it said.

But of course, there's a force who works very hard to prevent it to happen or push it back as far as possible.

 

[BHAN85]

Maybe. Writing's on the wall though. Aggressive posturing by the US is putting it into a tight corner. A war might just be the final nail in the coffin for the USD.

USA is not longer the superpower that rule the world.

But it's still (and likely it will be for a long time) a sovereign country, with a high standard of living.

I think USA is not a aggressive country since Trump.

 

[Enigma SIG]

USA is not longer the superpower that rule the world.

But it's still (and likely it will be for a long time) a sovereign country, with a high standard of living.

I think USA is not a aggressive country since Trump.

They're living on borrowed time, er money.

 

[BHAN85]

They're living on borrowed time, er money.

USA will never default, because they can print all the dollars they want .

If China or another countries want to slave themselves in exchange for fiat money, it's their problem.

Even in a hypothetically autarky, they still will have a high standard of living in comparision with the most of the world.

 

[Genghis khan1]

This implies that the US is a bully nothing more.

King of the jungle. Like it or not.

 

[Old School]

The world economy is too complex now to go back to the gold standard. Evolution hardly ever works backword. However, it will be something very new which will replace the current standards if any.

 

[zectech]

That depends on China. US is gonna keep printing worthless dollars and through QE marking down the size the their accounts (because hyperinflated dollars are worthless) for even more digital money in those accounts to crash the Pakistani Rupee and other foreign currencies. If you grow rice in Pakistan, the dollar is used to short sell rice so Pakistani farmers who work hard get barely anything for their rice. This is what the dollar means to global hegemony. It impoverishes you and enriches Washington. The dollar is a global looting operation. So what Washington is gonna do is short sell paper gold and paper silver with tens of trillions in worthless dollars. If you accept dollars as holding any value, you are a slave to Washington. And that is how it is suppose to be. Washington and Wall Street get rich and you get poor being a farmer. Monsanto is there for farmers to get even poorer and in debt. If you produce something of value, the mercantile exchanges want that as cheap as possible, so they can mark up the price 5 or 10 or 20 times what you farmers are paid. The dollar crashes the value of your labour, and Wall Street makes trillions. Pakistani Rupee is worth less and less, and copper produced in Pakistan is worth less and less. Wall Street gets your wealth.

China at anytime can crash this system by buying physical metals with their worthless dollars. Yuan can replace the dollar.

Right now those who get sh***ed on are farmers who commit suicide because the value of their labour is under attack by Wall Street.

Hopefully as goes metals and energy, goes food prices and everything else. So producers of coffee get more than $1 a pound for their coffee beans. Which are sold at $5-20 a pound by corporations. They make trillions off of these wide margins. And the third world PRODUCERS suffer. Getting you to slave away for next to nothing is the way they get rich and you stay poor.

Gold and silver and metals and everything else going up in value means, your farm produce is valued. Gold should be at 50K an ounce and silver at 1K an ounce. Because they are money and that should be their value. That was their value during Roman times. Roman empire was 3 grams of silver was a days wage. In Europe 100 euros of a days work for 3 grams of silver. About 30 grams in a troy ounce, so 100 euros x 10 fold increase from 3 to 30, and you have 1000 euros as the true value of silver ounce. Gold is historically 12 to 100 times the value of silver, so 20K to 50K for gold is a good value for gold ounce.

That is the value, until we start mining asteroids.

 

[Feng Leng]

That depends on China. US is gonna keep printing worthless dollars and through QE marking down the size the their accounts for more digital money to crash the Pakistani Rupee and other foreign currencies. If you grow rice in Pakistan, the dollar is used to short sell rice so Pakistani farmers who work hard get barely anything for their rice. This is what the dollar means to global hegemony. It impoverishes you and enriches Washington. The dollar is a global looting operation. So what Washington is gonna do is short sell paper gold and paper silver with tens of trillions in worthless dollars. If you accept dollars as holding any value, you are a slave to Washington. And that is how it is suppose to be. Washington and Wall Street get rich and you get poor being a farmer. Monsanto is there for farmers to get even poorer and in debt. If you produce something of value, the mercantile exchanges want that as cheap as possible, so they can mark up the price 5 or 10 or 20 times what you farmers are paid. The dollar crashes the value of your labour, and Wall Street makes trillions. Pakistani Rupee is worth less and less, and copper produced in Pakistan is worth less and less. Wall Street gets your wealth.

China at anytime can crash this system by buying physical metals with their worthless dollars. Yuan can replace the dollar.

Right now those who get sh***ed on are farmers who commit suicide because the value of their labour is under attack by Wall Street.

Hopefully as goes metals and energy, goes food prices and everything else. So producers of coffee get more than $1 a pound for their coffee beans. Which are sold at $5-20 a pound by corporations. They make trillions off of these wide margins. And the third world PRODUCERS suffers.

China needs to:

1) form an economic integration zone with Japan and Korea
2) form another economic integration zone with ASEAN
3) defeat India
4) extend trade with the Islamic World through BRI
5) maintain peace and trading relations with Russia
6) maintain trading relations with Africa
7) maintain trading relations with Latin America
8) possibly enter into a strategic partnership with an empowered Germany

This will force USA into a "splendid isolation" just like the UK did when they lost their empire. The USA will go through decades of stagflation once they lose their reserve currency status.

 

[Yankee-stani]

China needs to:

1) form an economic integration zone with Japan and Korea
2) form another economic integration zone with ASEAN
3) defeat India
4) extend trade with the Islamic World through BRI
5) maintain peace and trading relations with Russia
6) maintain trading relations with Africa
7) maintain trading relations with Latin America
8) possibly enter into a strategic partnership with an empowered Germany

This will force USA into a "splendid isolation" just like the UK did when they lost their empire. The USA will go through decades of stagflation once they lose their reserve currency status.

(1.) Japan will be a tricky one "internally" they still feel "superior" to other East Asians despite their on going stagnation they been suffering since the events of the Plaza Accords and 1990 economic crash, plus their leadership are bunch of eunuchs for the Americans also Abe has links to Japanese Ultra Nationalists who are wary of China Korea much easier as Moon Jae In is more in favor of cordial ties with DPRK but don't know he will last long Americans don't want to lose influence in ROK

(2.) Definate yes on that would require diplomatic manuvering regarding disputed territories

(3.)Yes India is no longer "neutral" it s..ted on BRICHS,SCO and "multi polarity for being eunchs for the Americans typical Anglo lovers

(4.) Hit and miss China lack of soft power on the Xinjiang issue has led to opinions on China to sour in many parts of the Muslim world thanks to Turkish "soft power" and expansion of influence but Pakistan could be good partner in that region.

(5.) Yes but be careful Africans are starting to feel that the Chinese are like Europeans of the past regarding potential colonialism and bad behavior of Chinese expats

(6.) well America under Trump has shot in the foot in this region plus potential "Leftist" politicians coming back n in countries like Argentina, and Brazil could be a massive boost for Sino-Latin American ties clowns like Jair Bolsonarao are increasingly being discredited due to bungled Covid-19 responses

(7.)Russia good ties but need to make sure they are "satisfied" and not feel they are being pushed away from CAS or other ex USSR States

 

[KAL-EL]

The US dollar is always collapsing

 

[Hamartia Antidote]

Another day, another "Dollar going down" news. Started around 2k12 -13.

Peter Schiff has been saying this every year since at least 1997.

 

[Yaseen1]

u.s dollar collapse will trigger ww3 and will mutually destroy u.s,china and russia and their satellite states after which world will again move to gold and silver as israel wants due to their control on gold reserves

Peter Schiff has been saying this every year since at least 1997.

 

[Enigma SIG]

Peter Schiff has been saying this every year since at least 1997.

You might not agree with him but it is inevitable though. The US can't indefinitely print money at the expense of the world and not expect the world to call them out for it.

China needs to:

1) form an economic integration zone with Japan and Korea
2) form another economic integration zone with ASEAN
3) defeat India
4) extend trade with the Islamic World through BRI
5) maintain peace and trading relations with Russia
6) maintain trading relations with Africa
7) maintain trading relations with Latin America
8) possibly enter into a strategic partnership with an empowered Germany

This will force USA into a "splendid isolation" just like the UK did when they lost their empire. The USA will go through decades of stagflation once they lose their reserve currency status.

This will need a currency that erodes trust in the USD. Not that China would want that to happen anytime soon because of its exposure to the US. But an aggressive confrontational US policy might have the CCP rethink that sooner rather than later. Maybe the collapse of the USD will be the catalyst for a new world order.

USA will never default, because they can print all the dollars they want .

If China or another countries want to slave themselves in exchange for fiat money, it's their problem.

Even in a hypothetically autarky, they still will have a high standard of living in comparision with the most of the world.

They can print away for all I care. Just doesn't need to be at the expense of the world economy.

The United States' debt-to-GDP ratio at the close of March 2020 was 82 percent. That figure is up from 79 percent at the end of 2019

https://www.pgpf.org/blog/2020/06/how-much-is-the-national-debt-what-are-the-different-measures-used

‘Blow-up’ event could COLLAPSE US DOLLAR as America's debt mounts, ex-IMF official warns

The US dollar’s status as the dominant global currency is at risk of being eroded because of mounting government debt, according to Zhu Min, former senior executive with the International Monetary Fund (IMF).
His warning comes as the United States is expected to double down on its fiscal stimulus measures to soothe the economic fallout from the Covid-19 pandemic. Congress is considering a new round of relief that is likely to cost at least $1 trillion on top of the more than $2 trillion passed earlier this year.

With the US Federal Reserve continuing its aggressive monetary policy of quantitative easing, there is a rising risk of a sudden loss of confidence in the dollar, said Zhu, who was deputy managing director of the IMF from 2011 to 2016. He is currently the head of the National Financial Research Institute at Tsinghua University in Beijing.

“The concern isn’t whether the US dollar will see an accumulated decline of 30 percent in the future, but whether there will be a blow-up event that causes a sudden loss of confidence in the US dollar, and its market to collapse,” Zhu told the South China Morning Post.

He added that at the same time, companies have become much more vulnerable globally than during the 2008 global financial crisis, because the low interest rate environment has sharply boosted corporate borrowing. The official explained that while the US Federal Reserve’s aggressiveness in easing financial conditions has succeeded in halting a further decline in the economy, companies could still go bankrupt as they adapt to the new norm in which work resumption must coexist with social-distancing measures because the coronavirus crisis has persisted longer than expected.

“So, the question of whether there will be a financial crisis will depend on whether a major company will be the next to go bankrupt, and thereby result in a jump in the corporate default ratio, leading to a sovereign debt crisis,” Zhu said.