Historic US Dollar Dump Underway
As Government Asset Confiscation Scares Investors: Jeffrey Tucker
April 17th, 2023
"Economist and Bitcoin (BTC) bull Jeffrey Tucker
says that the US government has self-sabotaged
the dollar’s world reserve currency status."
(Uh...yup...remember what somebody said he was in agreement with on MARCH 1, 2022?)
"In a new interview with NTD, Tucker says that the US’ decision to seize tens of billions worth of assets from Russians marked a major shift in history when many realized that the US dollar may not be the safe haven it once was."
(Were gangsters just like everybody else...)
“I think actually that history will record that that was the turning point for the dollar. Since 1944, the dollar has been dominant, even after the end of the gold standard in 1971, the dollar has been dominant except as a paper currency. That has really changed with the attack on Russia and the sanctions, because a lot of those assets that were confiscated by the US – just arbitrarily – were denominated, of course, in dollars.'
"Now, if the US puts its political might behind other peoples’ willingness to hold its currency, and bludgeons them and attacks them and criticizes their policies and actually confiscates assets, then that just discourages people from holding the dollar."
(That is exactly where we are...)
"So suddenly you have a situation where all these very powerful and important countries are saying ‘we need to do something about this. Let’s dump the dollar, we’ve got to move on to something else.’
And they can do it, it’s starting to happen.”
(Again, that is exactly where we are...)
"Tucker says that one of the most obvious effects of potential de-dollarization will be domestic inflation, which he says is probably not going away any time soon, and is already out of the Federal Reserve’s hands."
(100 % agree. Been telling people, "You haven't even seen inflation yet, it's not even started..." People need to start thinking Weimar Germany or Venezuela type hyperinflation and they will have a clue of the tsunami that is coming.)
According to him, on a longer-term timeline, the US dollar is en route to being dethroned.
“Inflation is really sticky. It’s with us, it’s not going anywhere, the Fed hasn’t been able to reverse it. De-dollarization will affect us as we travel internationally. Right now the dollar is basically gold anywhere you travel. In the US, we all know this, and it’s kind of a luxury. That will definitely come to an end. It will also seriously hurt international business that’s domiciled in the US. The dollar is just not going to be king.”
The people that caused inflation?
The FED
Are gonna be the ones that fix it?
Just not gonna happen...
Thats:
Economist and Bitcoin (BTC) bull Jeffrey Tucker
on April 17th, 2023.
I told you what I thought on 3/1/2222.
I look like an:
"Economist and Bitcoin (BTC) bull"
to you?
How is it possible for somebody to get so much right when all the experts are getting so much wrong? Or are speaking after the fact?
Whats your better explaination?
Come lay it on me.
Love to hear it.
I really would.
Seer
1.a person who is supposed to be able, through supernatural insight, to see what the future holds.
"a seer had foretold that the earl would assume the throne"
Similar:
prophet
prophetess
wise man
wise woman
sage
oracle
prognosticator
prophesier
forecaster of the future
2.
ARCHAIC
a person who sees something specified.
(Not generalized, big difference.
"Print to much $ and cause runaway inflation"
=
very specific, cause AND effect both.
"They aren't going to take over Taiwan by invasion
they are going to blockade it."
Not only what but how etc.
"a seer of the future"
Remember when they said:
"Nobody knows what the future holds?"
And I very emphatically stated:
"Certain people know certain things."?
Yeah...
How's that linin up for you these days?
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