When Will The Dollar Be Dethroned? Whose Fault Is It?

[Brian4Liberty]

When Will The Dollar Be Dethroned? Whose Fault Is It?

Reserve currencies come and go. They usually go because the nation that issues the reserve currency abuses the situation. Delusions of world domination, endless wars and endless welfare are embraced. These terrible ideas are then financed by money that's created out-of-thin-air. This can go on for awhile, and it usually does, but only until the rest of the world refuses to go along anymore. The U.S. fell into the empire trap a century ago, and the world is starting to say: "That's enough."

 

[tod evans]

How bad does it have to get before politicians meet rope?

Many who orchestrated this mess are still breathing and sucking even more tax dollars from dwindling coffers.

 

[acptulsa]

Many who orchestrated this mess are still breathing and sucking even more tax dollars from dwindling coffers.

And are we going to leave them in charge of the printing presses until they suck every cent of value from our savings?

 

[tod evans]

And are we going to leave them in charge of the printing presses until they suck every cent of value from our savings?

From where I sit there are only two options;
1) complacency
2) scorched earth

Personally I'm not willing to go scorched earth yet. Once the cities break down I'll reevaluate my position.
Voting has the same affect as strongly worded letters.
There are many others with lots more to loose than I, my 'savings' if you will, are in tangible form, very little in FRN's.
I live the don't trust government mantra so if/when it's time for me to actually do something communication won't be digital.

 

[pmbug]

When? I think in 10 years +/- 5.

Who is to blame? Partisan glasses will color that answer, but I think that the neocons under Bush expended the American public's appetite for war in the middle east with Iraq. When Saudi Arabia demanded the USA be it's bitch under Obama and take care of Iran (and later Syria), Obama balked and that started the schism with our relationship with Saudi Arabia (which is the foundation of the petrodollar). When Russia invaded Crimea, the Obama admin threatened them with lockout of the SWIFT system - the first time this nuclear option had ever been seriously threatened. That turned Russia's talk of dedollarization into action. I blame both the Bush and Obama administrations for alienating Saudi Arabia and fomenting the BRICS political unity in dedollarizing global trade.

I love Ron Paul, but if I'm being honest, I don't think he would have preserved Saudi Arabia's favor had he been elected. Maybe the Saudis would have understood that Ron wasn't a business as usual President and not been as offended as they got under Obama, but we'll never know ...

 

[CaptUSA]

 

[Matt Collins]

https://www.youtube.com/watch?v=g6rFff2MAxM