Economics Magazine

Dollar Dies With A Whimper As Europeans "Defy" America And Back China-Led Bank

Posted on the 18 March 2015 by Susanduclos @SusanDuclos
By Susan Duclos, via All News PipeLine
Dollar Dies With A Whimper As Europeans
The signs have been highlighted over the years, the experts have shouted warnings, but Americans insulated by the MSM with stories of how the dollar is strengthening, the economy is growing again, were the last to be told that the age of the US Dollars dominance across the globe, is at an end.
Historically world reserve currencies have lasted between 80 and 110 years, the US Dollar has held that status for 94 years and one specific event just occurred that put the final nail in the Dollar's coffin as headlines scream "Europeans defy US to join China-led development bank."
CurrencyHistory.png
Despite the Obama administration's "incompetent, distracted, ham-fisted," attempts to prevent European allies from joining a China-led international development bank, Britain, France, Germany and Italy have all agreed to join, a decision that evidences what Huffington Post calls "America's decline."
Today, that same ally has decided that history has turned a corner. The U.S. can no longer dominate world history. A new power has also arrived. The British, like most other middle powers, have decided to hedge their bets and work with China as well as the U.S. But this is also a matter of survival. If London does not serve the financial and economic interests of a rising China, it could become sidelined in the 21st century. Hence, the British have no choice but to work with China.
Via FT:
The European decisions represent a significant setback for the Obama administration, which has argued that western countries could have more influence over the workings of the new bank if they stayed together on the outside and pushed for higher lending standards.
Tyler Durdin from Zero Hedge concludes "Bottom line: this isn’t theory or conjecture anymore. Every shred of objective evidence suggests that the dollar’s dominance is coming to an end."
On March 10, 2015, ANP published an article titled "The Hour Is Late, The Danger Is Grave - Will Civil Unrest And Martial Law Come To Pass In America?, in which we made the following statement and asked a question:
It is not a matter of if the Dollar loses it's status, but when. Whether it is tomorrow, next month, next year or in the next 5 years (doubtful it will take that long), the dollar will be replaced.
Which brings us to the headlined question of "Will civil unrest and martial law come to pass in America?"
We pointed out that when economies collapse, it is generally followed by social chaos, civil unrest and sometimes a breakdown of law and order, just looking at what is happening in Venezuela now, food shortages, military guarding grocery stores, limits on what people can purchase, riots and protests, gives us a glimpse into our possible future.
It is no longer a question of should Americans prepare, it is now a question of how prepared are they for what is coming?





You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • ✔628 Cougar Park

    ✔628 Cougar Park

    Steeton AFC 1-0 AFC BlackpoolNWCL First Division NorthSaturday 18th August 2018Steeton is a small village in the Metropolitan District of Bradford in West... Read more

    11 hours, 33 minutes ago by   Smidrophenia
    SOCCER, SPORTS
  • 2018 NEW SONG: Olamide – Puna (Freestyle)

    Get brand new music from Nigerian music star Olamide – Puna (Freestyle) out now! Here is a quick music piece from YBNL boss Olamide and it’s titled Puna... Read more

    11 hours, 40 minutes ago by   Naijapary
    SOCIETY, A-CLASSER
  • Oyo State Governor, Ajimobi Demolishes Ayefele’s N800m Music House (Photos)

    The Government of Oyo state has carried out its threat to demolish the headquarters of Ibadan based radio station, popularly called Music station, Fresh FM owne... Read more

    12 hours, 7 minutes ago by   Naijapary
    SOCIETY, A-CLASSER
  • 5 Random Things to Make You Smile

    Random Things Make Smile

    Whoo hoo! We just got back from Wisconsin Dells (again…) but this time we had a blast with my son and his family. Aren’t they so CUTE?! Read more

    12 hours, 58 minutes ago by   Maryjo
    LIFESTYLE, SPORTS
  • Press Statement Released by Newly Elected Pro of Nanc Osun Axis

    NATIONAL ASSOCIATION OF NIGERIAN COMRADES (NANC) Association Nationale des Camarades Nigérians OSUN STATE AXIS APPRÉCIATÍON To God alone be all the glory;... Read more

    13 hours, 4 minutes ago by   Naijapary
    SOCIETY, A-CLASSER
  • The Great Australian Road Trip

    To celebrate my graduation, we decided to travel across Australia. What better way to do that if not by road? For a second we considered taking a RV but... Read more

    15 hours, 19 minutes ago by   Prachipreaches
    BUSINESS, SOCIAL MEDIA, TECH
  • New Resource Available About Brown Hyaenas on Private Land

    Resource Available About Brown Hyaenas Private Land

    By Katy Williams A wide variety of species rely on land outside of protected areas for their survival. One example is the brown hyaena. Brown hyaenas are only... Read more

    15 hours, 23 minutes ago by   Iratemonkey
    ANIMALS & WILDLIFE, BIOLOGY, ENVIRONMENT, SCIENCE