4/22/2023
"Charles Nenner, a financial analyst that served as head of market timing for Goldman Sachs for more than a decade, has warned about the end of dollar hegemony and its consequences for the U.S. According to Nenner, the BRICS bloc and the influence of Saudi Arabia will end the dollar as a reserve currency, and this could cause a flight to safety."
(Dont ever forget the Saudis role in
And BTW?
"The clause of the Swiss Constitution that the government used to bypass a shareholders' vote allows emergency action "to counter existing or imminent threats of serious disruption to public order or internal or external security".[41] Omitting the vote angered Credit Suisse's large investors; the Financial Times quoted one from the Mideast as saying "You make fun of dictatorships and then you can change the law over the weekend. What's the difference between Saudi Arabia and Switzerland now? It's really bad"[14]
Morris, Stephen; Fontanella-Khan, James; Massoudi, Arash (20 March 2023). "How the Swiss 'trinity' forced UBS to save Credit Suisse". Financial Times. Archived from the original on 21 March 2023. Retrieved 21 March 2023.
That is 100% spot on.
What is the difference really?)
"Charles Nenner Predicts End of USD Hegemony"
The U.S. dollar will be undermined as a reserve currency; this is what Charles Nenner, a financial cycles analyst, has predicted for the future. Nenner, who had previously projected the dollar was going to survive, changed his opinion recently, stating that the decline of the U.S. dollar has already begun."
(I am right there with him as far as changing my opinion, and it will be far quicker than you could have ever imagined. File that thought away, were building to something over here when we finish with the articles.)
"In a recent interview with USA Watchdog, Nenner stated:
I said the dollar is going to hold up, but not anymore, not anymore. It is really in trouble. There is actually no reason to be in the dollar."
"Nenner believes that, mid-cycle, the economy could experience a bounce due to the weakness of the dollar favoring exports. He explained:
"The economy is really going to suffer. If the dollar goes really low, we could have a small bounce in the economy because it’s good for exports. That’s just a fooling bounce for people. Longer term, it’s just finished."
(I agree.)
"Unintended Consequences
Nenner explains that the fall of the dollar will have a series of consequences for the U.S., starting with other countries running to get rid of U.S. treasuries and running to safety in other assets, including silver and gold.
(China and Russia are already leading the way...
I wonder why that is?
Remember when they told you
that their meeting on Feb 22 2022
was just so Russia didn't invade Ukraine
during the Olympics?
Some of us with a brain knew better yo...)
"We are going to have a bad dollar. That usually means people are going to dump their securities. If you have China and Russia dumping their U.S. bonds, you are going to have a problem. I am getting very worried because there might be a run for safety.'
(Let me tell you something:
There isn't any
"safety"
monetary or otherwise.
Revelation 6:15-17
Then the kings of the earth, the princes, the generals, the rich, the mighty, and everyone else, both slave and free, hid in caves and among the rocks of the mountains. They called to the mountains and the rocks, “Fall on us and hide us from the face of him who sits on the throne and from the wrath of the Lamb! For the great day of their wrath has come, and who can withstand it?”
That is your only safety.
Period.)
"China is one of the biggest holders of U.S. treasuries, with $867 billion in U.S. bonds held, comprising a little more than 10% of the total share of the U.S. Debt, just behind Japan."
(What if they just get rid of 5% of it?
What if all the BRICS countries just got rid of a portion of all their $ all at the same time?
And spread the effects out over a more diverse field so to speak?
Then what?
What happens to inflation then?
Hum?
Peaked they say.
I say it hasn't even started yet.
Who has been more correct to date?
I'd take it serious if I was you.)
"Other analysts have also predicted the demise of the U.S. dollar recently. Jeffrey Tucker has recently said the U.S. dollar is at a turning point and that it won’t be the king currency anymore. In the same way, Nouriel Roubini has stated the global economy will shift into a bipolar system, using the Chinese yuan as an alternative to the U.S. dollar."
To quote my buddy down the road when I told him about China and Brazil doing trade in their own currencies?
"It's over then."
Yup.
Things have reached their inevitable conclusion.
Whether it be
communism in the 90's?
or unfettered capitalism now?
These systems all implode on themselves eventually.
All except one that is:
Daniel 2:44
“In the time of those kings, the God of heaven will set up a kingdom that will never be destroyed, nor will it be left to another people. It will crush all those kingdoms and bring them to an end, but it will itself endure forever.
So why are you so shocked at it all becomes my question.
Happened a lil fast didn't it?
We went from being the
"greatest economy and military power the world has ever seen"
to China not even caring if they talk to us any more about anything, and Russia blackmailing us because it owns our governments networks.
All in a span of just over three years.
It wont slow down and it wont get any better.
There's a book from outside our spacetime continuum written by the author of history, The Almighty, who bends things to his will. You might wanna start paying a lil more attention to it.
It aint like we aint got the playbook y'all...
We know what happens.
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