As the Durans have been predicting…. the US dollar backed by thin air is now on thin ice.
Charles de Gaulle, president of France 1944-46 and 1958-69, understood the US dollar was based on a racket. His assistant, Alain Peyrefitte, wrote in his book of memoirs, Cétait de Gaulle, about le Géneral’s private thoughts.
The French leader saw, among other things, how over the years Britain, once America’s master, had become brutally dominated by the US and its dollar.
“What is Britain today? The aircraft carrier of the United States!”
Every country knows: Either use the dollar to pay your international bills OR Washington will find a way to declare economic or military war on you.
And by using threats and force, thus making the world accept US dollars, the Americans have been able for generations now to live far, far beyond their means. Other countries must make real things and produce real services in order to pay their bills; America sells the world cheeseburgers, porn, vaccines, bombs, tanks, bonds, and movies based on superhero cartoons, and “you had better buy them from Uncle Sam, bubb, and pay all your bills in dollars, OR ELSE.”
What China and Russia really have to do now is somehow avoid WWIII — and meanwhile let America continue to become the most HATED country on earth — and gradually, inexorably, this century will be entirely theirs.
AND, although Americans just do not grasp it, the recent “sanction” of seizing THREE HUNDRED BILLION DOLLARS which the Bank of Russia had deposited in foreign banks, and the grabbing of assets such as the yachts and bank accounts of Russian billionaires, can have just one effect:
Not only the abandonment of the US dollar but also the withdrawing of all large amounts of money from all Western banks.
Causing both to collapse.
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