In the United States, the progressive left doesn’t like capitalism. The evidence is in the fiscal policies pushed by the Democrat Party. They promote a tax-and-spend agenda that undermines critical capitalistic principles. Democrats insist they’re for the middle class. They are not. The progressive ideology hates America and consequently, our economic system.
An economically strong America is a roadblock to their push for a global society. Radical progressives need the U.S. to collapse economically so that a world financial structure can be established. They want a world bank with a new type of currency. Anyone who doesn’t believe this is happening must do little more than look at a recent series of events.
About a week ago, Brazil and China entered into a financial agreement to sidestep the U.S. dollar in future trading arrangements. In response to the fiscal chaos created by excessive liberal spending, the U.S. Federal Reserve has tightened monetary policy.
This is an attempt to curb out-of-control inflation by reducing the sudden balloon of currency triggered by the excessive spending. The result has been a shortage of dollars for smaller nations. Since the U.S. dollar has long been the dominant currency, other countries are looking for alternatives.
Because of the disastrous fiscal policies of the Biden administration, the U.S. dollar is becoming weaker and weaker. Therefore, countries are pushing for radical change. On April 1, India instituted a new foreign trade policy that will no longer use the U.S. dollar, but payments will be made using the rupee instead.
Many Americans dismiss this as something that has no effect on the U.S. However, the opposite is true. Bhagwat Karad is India’s minister of state for finance. He said, “The Reserve Bank of India has approved the opening of special rupee vostro accounts (SVRAs) for banks from 18 countries.”
This is yet another disturbing trend. Nevertheless, it’s one of a growing number of fiscal decisions around the world, decisions that point to a possible collapse of the U.S. dollar. Here are the series of decisions that place the U.S. economy in dire peril.
1. Saudi Arabia entered into a trade alliance with China, Russia, India, Pakistan, and four Central Asian nations.
2. China and France signed the first LNG gas trade using Chinese yuan.
3. China and Brazil agreed to start trading using each nation’s own currencies.
4. Brazil, Russia, India, China, and South Africa (BRICS) are contemplating a new currency.
5. Saudi Arabia and China signed a partnership to build a $12.2 billion Chinese oil refinery, but using the yuan.
6. Kenya signs a deal with Saudi Arabia and the UAE to buy oil with Kenyan shillings instead of US dollars.
7. The President of Kenya tells Kenyans to “get rid of U.S. dollars.”
8. The Association of Southeast Asian Nations contemplates dropping the U.S. dollar, euro, yen, and British pound in exchange for financial settlements using local currency instead.
But many insist this has nothing to do with the U.S. dollar as it relates to the U.S. economy. That is simply false. It has everything to do with the stability of the U.S. economy. These developments signal a looming collapse of the U.S. dollar.
Such a collapse would affect the global economy. However, it would catapult the U.S. economy into the worst crisis since the Great Depression. In fact, fiscal experts signal a financial crisis that would be far more catastrophic. It would destroy capitalism. To achieve some level of value, America would have no choice but to enter a global economic alliance.
The U.S.’s economic system would cease to exist. Do we really believe the current wave of destructive fiscal decisions is an accident? It’s what the progressive left has wanted all along. To achieve a global society, these radicals must destroy the U.S. economy, and to do so, they must eliminate the dollar.
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