Australian Reserve Bank Declares It’s BUST! Hoorah! Goodbye Satan.
After years of printing worthless, toilet paper Fiat currency the illusion is finally over. The entire private western central banking system has once again reached the end of another 40-50 year…
Explains the downward trajectory of Aussie dollar this weekend.
BTW, this is the fate of all western central banks - ECB and Japan specifically. All these puppets have been propping up US treasuries by sacrificing their own people, and ... while we know USD is gonna die soon .... all these currencies will die first. There will be that glorious mirage when 1 USD will be 1 million (or billion?) Euros/Aud etc. Just before it hits the mud as well.
Fun fun times.
Agreed. That is for sure -- The USD is going to die. I've followed Ron Paul on his analysis of this since the 1980s. Albeit he has long forecast the end of Fed and its fiat currency from at least the 1990s, there's no question we are now approaching that collapse. To see how this plays out, recall the Mexican peso collapse in 1994. In my possession, I had hundreds of dollars in pesos from the many times I went to Mexico. All this Mexican money I had sat in a travel box. One day my son pulled the box out of storage and counted all the Mexican money I had. He suggested I should convert that money to USD. When I called to to do this, I found out all of it was worthless. Just like that. Hundreds of dollars of Mexican money was Puffff. Worthless.
This is what people holding paper denominations will see. History teaches us all paper denominations end up worthless.
What I don’t understand is why the USD is so strong compared to foreign currency right now. Sri Lanka literally had it’s economy collapse because it couldn’t afford gas on the us petrodollar. The POUND is .92 to every USD. That’s crazy!
Flight to safety.
All stock markets, worldwide, are bearish (Brazil holding up better than most).
Real estate has entered a bear market (sellers lowering prices, and still not selling).
Precious metals (manipulated, but still ...) are bearish (silver holding up better than gold).
Bond market is bearish (interest rates are at 10-year highs, which is killing the real estate market).
With nowhere else to go, money is flowing into the relative safety (perceived) of the US Dollar.
Interestingly, the only currency in the world that is showing some strength versus the US Dollar is the Russian Ruble.
The mega conglomerates like Blackrock are unfortunately able to afford all the housing they want.