Editor’s Note: As always, I appreciate Daisy Luther‘s take on these important subjects. She is one of the best resources on the internet for all-things-prepper. I’ve allowed her link to her gold sponsor to remain in the article, but know that they are not one of OUR gold sponsors. We vetted out nearly 30 gold companies and found the ones we consider to be America First. It’s noteworthy that we did not look into the one mentioned by Daisy below, so the good news is they haven’t been eliminate from our consideration! We simply haven’t gotten around to them. With that said, here’s Daisy…
The circus surrounding the arrest of former President Donald Trump may have been a perfectly timed distraction. Not only are our banks still in a state of collapse despite a brief government-funded reprieve. Not only is the advent CBDCs looming over us.
The world is rapidly dumping the dollar, and that’s a next-level economic disaster.
This article contains several videos with in-depth information about what you need to know.
What countries are dumping the dollar?
A lengthy list of countries are moving away from using the US dollar, which has long been the reserve currency of the world. The following countries are in the process of reducing their dependency on the dollar.
- Russia
- China
- Iran
- Brazil
- Argentina
- Saudi Arabia
- UAE
- India
Sources: TRT World and Tehran Times
This video has a detailed explanation of what’s going on.
The dollar crisis is rapidly unfolding.
Tim Poole suggested that the arrest of Trump was a distraction for the looming dollar collapse:
Robert Kiyosaki of Rich Dad fame is convinced that it’s over for the dollar and that people need to rapidly take steps to protect the money they currently have in banks. He assures us that the banking crisis is just beginning. This is a longer video but there’s a ton of valuable insight within.
How to protect yourself
I’ve written before about how to protect yourself in this situation.
- Stock up on tangible goods like food, medicine, tools, and other supplies you know you’ll need.
- Limit the amount of money you keep in each bank account.
- Consider investing in physical gold and silver to maintain the value of the extra money you have.
If you want a free consultation about how you would switch some of your savings into gold and silver, I strongly recommend ITM Trading. This is the company that I use, and I trust and strongly recommend them. I find that they are incredibly educational and there’s no pressure whatsoever to make a purchase. Go here to learn more and set up your free strategy session – just talk to them – there’s nothing to lose and a ton of knowledge to gain.
Peter Schiff also seems convinced that people are going to quickly move to cold as the system collapses around our ears.
What happens if we lose reserve currency status?
Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley says that if the dollar loses its status we would rapidly face “catastrophic” consequences and the “implosion” of our economic system.
If oil begins to be traded in units other than the petrodollar, we face an almost immediate crisis. According to Crowley, “If that were to end, that would mean the end of the U.S. dollar.”
Emphasizing that the U.S. dollar having the world’s reserve currency status “has been a real privilege,” she expressed: “We’ve abused the privilege by wholly reckless monetary and fiscal policy for so many years, certainly over the last couple of years, which has really devalued the dollar.”
Crowley continued: “On top of that, now you do have this perfect storm of Biden’s weakness, his war on American domestic energy production, the Ukraine war … Because of all of these things, we’ve got America’s enemies, led by China, forming a new economic bloc.”
All of this is ramping up.
All the things mentioned in these videos have occurred over the past two weeks, while everyone was (justifiably) outraged or gleeful about the indictment of Trump. Last month we watched the banking system teetering on the brink of disaster. It’s not going to take more than a hard sneeze to send the entire thing crashing down.
What do you think?
Is the US dollar about to lose its status as the world’s reserve currency? Are we watching the end of the petrodollar? Can the banking system withstand it all? Was the arrest of Trump a distraction from a looming economic catastrophe?
Let’s discuss it in the comments.
Keep it simple. Avoid the scams. Let Genesis rollover your retirement accounts into a self-direct IRA backed by physical precious metals.
About Daisy
Daisy Luther is a coffee-swigging, adventure-seeking, globe-trotting blogger. She is the founder and publisher of three websites. 1) The Organic Prepper, which is about current events, preparedness, self-reliance, and the pursuit of liberty; 2) The Frugalite, a website with thrifty tips and solutions to help people get a handle on their personal finances without feeling deprived; and 3) PreppersDailyNews.com, an aggregate site where you can find links to all the most important news for those who wish to be prepared. Her work is widely republished across alternative media and she has appeared in many interviews.
Daisy is the best-selling author of 5 traditionally published books, 12 self-published books, and runs a small digital publishing company with PDF guides, printables, and courses at SelfRelianceand Survival.com You can find her on Facebook, Pinterest, Gab, MeWe, Parler, Instagram, and Twitter.
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
Not exactly a list of countries I’d consider to be allies of the West. This divorce is long overdue. It’ll be good for us and bad for them in the end. Or maybe good for everyone. Now we just need to stop sharing all of our technological advancements with them and there’s no real problem.
It doesn’t matter about the countries who are fleeing the dollar. You are missing the point. When the dollar is no longer used for trade it becomes worthless. At the moment that is all that is propping the $ up.
When we gave control to the Federal Reserve we became debtors to that company. The Federal Reserve is not owned by the government.
When Nixon took us off the gold standard and we went to strictly Fiat our currency became worthless. Read you bills next time you have a chance. That bill is a promissory note. It is worthless. It all hinges on people believing it has worth when in actuality there is nothing to back it up.
If you think the Great Depression can never happen again, you are in for a very rude awakening. It has started and you are about to find out what hunger is all about. Unless you have prepped like Daisy talks about.
What technology advancements are you talking about? How to print fake paper fiat? I agree this would be good for the US people because the usd reserve status has been a desaster to them but only great for the top %1 so called elites, now the peoole should smart the f*ck up buy Gold or Bitcoin which are real money.
Actually, it’s an organized plan called *Project Sandman*, which consists of between 142 and 147 countries who will be dumping the dollar very soon at either the same time or in very close proximity to each other.. When this happens, all the dollars abroad that are held by other countries for oil purchases and international trade settlements will quickly come home and severe hyperinflation will be the result. We’ll also suffer severe shortages of or a complete lack of thousands upon thousands of products we no longer make in the US. Saudi Arabia has already signed a long term pact with Russia which has quietly but officially killed the petrodollar and this is also in the process of destroying our world reserve currency status as well. This country is about to go through a hard economic collapse with some extremely tough years to come and the sad part is, most people in this country either have little or no idea at all, of what’s about to happen.
This has been an ongoing issue and has been moving this way for well over two decades. With the creation of the Asia Infrastructure Investment Bank (AIIB) and the alternatives to the SWIFT system that Russia and China both have, and with the BRICS economic bloc moving away from the dollar and growing in strength and China gaining control over major ports including both ends of the Panama Canal and other facilities and influence it has gained from it’s belt and road initiative, the days of the dollar’s reserve status are waning.
This is good information, and the sad part is most people will not even notice it.
Nevertheless, the list is certainly much longer than it was previously, even as recently as a year ago.
It is difficult to imagine a scene where the dollar is not viewed as previously, so it seems unreasonable to assume such a loss of status would be good for this Nation or its people.
My little opinion is that it is not too late yet, just barely not too late. But, if the Dems/left takes more governorships, seats in our House, if the Republicans do not take the Senate, then the probability of the dollar declining further is very high since Dems/leftists think nothing of wild spending. 2024 may be one of our most important elections. May God help us, please.
What does this mean for Social Security recipients?