Comments by "US Debt Implosion" (@timcampbell2023) on "US Dollar will Remain the Reserve Currency of the World" video.

  1. Problem is since 1971 the reserve currency is debt based, backed by our military and opecs willingness to force other countries to purchase oil in dollars. This is no longer the case. In fact Saudi signed mutual protection pact with Russia in 2021 so US is no longer sole ally. The signs are everywhere of the shift that is occurring. You can't really do justice to the topic without discusses the debt bases system and the petrodollar. It's not brics, it's brics and opec+. War is a big part of this. US and its allies sit atop a fiat currency empire. Our privileged status will be challenged in a way we are not ready for.
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  2. If Opec+ begin to demand other currency in exclusion to the dollar for payment for oil, particularly a gold backed trade currency then it is game over for the dollar. It wouldn't even need to be gold backed but that would provide incentive for participants, and we arent talking about brics, anyone that doesn'twant to transact in the dollar. Washington cheats everyone holding dollars and bonds through wealth transfer via the printing press and everyone knows how their theft works. They have every incentive to build new architecture for international trade. And we have every incentive to end Washington's corrupt monetary regime in America. It will mean the end of our privilege but we will have the dignity of no longer being the beneficiaries of their theft.
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  3. We are taking in the poorest of the third world and making them welfare recipients. The welfare-warfare state is too heavy and its supported by the dollar reserve system. It's going to fall and shatter into a million pieces. The plan is to reduce the us to a third world banana republic, a neofuedal plantation
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