🇫🇷 🇨🇳 💵👉 BUY GOLD PATRIOTS - France Buys 65,000 Tons Of LNG From China In First Ever Yuan-Denominated Trade
(www.zerohedge.com)
💥 BANK COLLAPSE 💥
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How bad is the economy/life gonna get if the dollar is no longer the reserve currency? Are we talking Venezuela levels of collapse?
Yes. Venezuela levels of collapse. Once the dollar is no longer the reserve currency, other countries will not need it to settle international trade. If other countries no longer want/need the dollar then the US won't be able to pay for imports with the dollar and the trillions of dollars that foreign governments hold will come flooding back to the US. This will cause both empty shelves and hyperinflation.
Could be much worse. U.S will lose super power status and China will be the big dog on the block. Taiwan will be lost along with the semiconductor industry. Foreign billionaires and nations will gobble up real U.S assets for dirt cheap during that crisis.
All while that's happening the flames of racial, religious, sexual, and financial division are stoked. People will be killing each other for nothing.
Sort of reminds me of how the U.S was portrayed in that one movie V for Vendetta.
I guess we better pray Xi is really a white hat like some have speculated. Crazy ass times we are living in
What confuses me is once those trillions come back, why cant the government just exchange dollar for what ever country it needs to trade with.