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?





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