By Brandon Smith
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.
One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.
These sentiments are not only pervasive among mainstream economists, they are also all over the place within the alternative media. I suspect the main hang-up for liberty movement analysts is the notion that the globalist establishment would ever allow the dollar or the US economy to fail. Isn’t the dollar system their “golden goose”?
The answer is no, it is NOT their golden goose. The dollar is just another stepping stone towards their goal of a one-world economy and a one-world currency. They have killed the world reserve status of other currencies in the past, why wouldn’t they do the same to the dollar?
Globalist white papers and essays specifically outline the need for a diminished role for the US currency as well as a decline in the American economy in order to make way for Central Bank Digital Currencies (CBDCs) and a new global currency system controlled by the IMF. I warned about this years go, and my position has always been that the derailment of the dollar would likely start with the end of its petro status.
In 2017 I published an article titled ‘Saudi Coup Signals War And The New World Order Reset’. I noted at the time that the sudden power shift over to crown prince Mohammed Bin Salman indicated a change in Saudi Arabia’s relationship to the US. I stated that:
“To understand how drastic this coup has been, consider this — for decades Saudi Kings maintained political balance by doling out vital power positions to separate, carefully chosen successors. Positions such as Defense Minister, the Interior Ministry and the head of the National Guard. Today, Mohammed Bin Salman controls all three positions. Foreign policy, defense matters, oil and economic decisions and social changes are now all in the hands of one man.”
The rise of MBS was backed by the Public Investment Fund (PIF), a fund comprised of trillions of dollars supplied by globalists within Carlyle Group (Bush family, etc.), Goldman Sachs, Blackstone and Blackrock. MBS garnered the favor of the globalists for one specific reason – He openly supported their “Vision For 2030”, a plan for the dismantling of “fossil fuel” based energy and the implementation of carbon controls. Yes, that’s right, the head of Saudi Arabia is backing the eventual end of oil based energy, and part of that includes the end of the dollar as the petro currency.
In exchange for their cooperation, the Saudis are being given access to ESG-like funding as well as access to AI advancements and the so-called “digital economy.” It sounds crazy, but there is much talk of AI developments to cure numerous health problems and extend lifespan. With those kinds of promises, it’s not surprising that Saudi elites would be willing to dump the dollar and even oil.
In 2017 I noted that:
“I believe the next phase of the global economic reset will begin in part with the breaking of petrodollar dominance. An important element of my analysis on the strategic shift away from the petrodollar has been the symbiosis between the U.S. and Saudi Arabia. Saudi Arabia has been the single most important key to the dollar remaining as the petrocurrency from the very beginning.”
I believed that the threat to petro status would ultimately be spurred on by a proxy war between East and West:
“World economic war is the real name of the game here, as the globalists play puppeteers to East and West. It is a geopolitical crisis they will have created to engineer public support for a solution they predetermined.”
Back then I thought that such a proxy war would be initiated in the Middle East, possibly in Iran. However, it’s clear that Ukraine is the powderkeg the globalists have chosen, at least for now, with Taiwan being the next shoe to drop.
In the years since I made these predictions the relationship between Saudi Arabia, Russia and China has grown very close. Arms deals and energy deals are becoming a mainstay of trade and this has led to a quiet but steady distancing of the Saudis from the dollar. This past week, the dominoes were set in motion for dollar collapse when Saudi Arabia announced at Davos that they are now willing to trade oil in alternative currencies.
In response, Xi Jinping pledged to ramp up efforts to promote the use of the Chinese yuan in energy deals. This falls in line with another article I wrote in 2017 titled ‘The Economic End Game Continues,’ in which I described how conflict with Eastern nations (China and Russia) would be exploited to create a catalyst for the end of the dollar’s petro status.
The importance of the Saudi announcement cannot be overstated; this is the beginning of the end of the dollar. The dollar’s world reserve status is largely dependent on its petro-status. Without one, you cannot have the other. This is almost the exact same dynamic that led to the implosion of the British Sterling decades ago as the global petro currency which resulted in the rise of the dollar to take its place.
This time, though, it will not be a single foreign currency that takes on the role of world reserve, it will be a basket currency system controlled by the IMF called Special Drawing Rights, along with a single global digital currency that is yet to be named but is now under development.
The consequences of the loss of reserve status will be devastating to the US economy. It is the only glue holding our system together – The ability to defer inflation by exporting it overseas is a superpower only the US enjoys. The Fed can print money perpetually if it wants to in order to fund the government or prop up US markets, as long as foreign central banks and corporate banks are willing to absorb dollars as a tool for global trade. If the dollar is no longer the primary international trade mechanism, the trillions upon trillions of dollars the Fed has created from thin air over the years will all come flooding back to the US through various avenues, and hyperinflation (or hyperstagflation) will be the result.
This dynamic is already in play, as foreign holders of US debt and dollars have been dumping them at record pace since 2017. The process continues at a time when the Federal Reserve is cutting it’s balance sheet and raising interest rates, which means there is no longer a buyer of last resort.
This may be why multiple foreign central banks have renewed their purchases of gold reserves and are once again stockpiling precious metals. They seem to be well aware of what is about to happen to the dollar, while the American public is kept in the dark.
The effects of the decline of the dollar may not be immediately felt, or become obvious for another year or two. What will happen is consistent inflation on top of the high prices we are already dealing with. Meaning, the Federal Reserve will continue to hold interest rates higher and prices will barely budge or they may climb in spite of monetary tightening. Even in the face of a major recessionary contraction, which I predict will be triggered starting in April, prices will STILL remain higher.
All the while the mainstream media and government economists will say they have “no idea” why inflation is so persistent, and that “nobody could have seen this coming.” Some of us saw it coming, but only because we accept the reality that the dollar’s days are numbered.
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In the US, structural inflation. Wage growth is divorced from production indicators. The decline in the output of goods against the background of falling labor productivity, the expansion of the service sector. The US will have to abandon the dollar.
This is all part of the elites plan to collapse all fiat cash and introduce CBDCs along with ESG for complete control over who can buy and sell by 2025:
Here is the timeline being implemented from the TOP down!:
Yes, a digital currency has been in the works for quite some time now. That is one of the goals because it entraps the Plebs. If you are disobedient to Mommy and Daddy government, they will cut off your allowance and send you to your room without supper.
Once digital currencies become reality for the Plebs, they will control every aspect of your lives, even George Orwell could not come up with such a brilliant idea as digital cash. Now imagine if you don’t take Mommy and Daddy’s vaccine and booster shots like good little children? They will freeze your money and starve you until you give in.
This is why the and excuse my French, the Fucktard liberals and Woketards hate guns. And this is precisely why the Founding Fathers allowed us to carry and bear arms. It was to protect us from the all seeing and powerful centralized government. Just take a look at NZ. The PM there quit because she was a crazed Covid lunatic. She was replaced by a worse tyrant who wants to HUNT down every unvaxed person and force them to get the Jab.
This is why you should NEVER give up your right to arm yourself.
Not only the Saudis, but other GCC countries are making separate trade deals with India, China, etc. South American countries are also discussing it The dollar system is starting to break up and what seems to remains is just when the debt bubble blows up to finish off the dollar reserve status.
The group called “BRICS” was developed when Obama came into power. Brazil, Russia, India, China, and South Africa saw this coming, indeed. Other countries, including Saudi Arabia, are planning to join this group. While the western countries virtue-signal themselves to death, BRICS countries will thrive and will be the world’s new powerhouse.
Yes, a lot of wealth is being transferred over to the BRICs by the globalists, but the they still ALL work directly with the IMF. The goals is to diminish the west and then homogenize all economies and currencies into a one world system under IMF control.
Brandon tanks to Ukraine now? I know you’ve talked about this escalating as a distraction with the ongoing economic collapse…where does this go from here, really thinking this is gonna be as close as you can get to nuclear
I’ll be releasing an article soon on what I think will happen next in Ukraine. Needless to say, the war is about to escalate this spring.
Looking forward to that but I must say, this whole NATO v Russia just looks and sounds so fishy. Especially with Putin drawing red lines and NATO constantly crossing them. Looking forward to your analysis.
The only thing I can think of is that the Globalists want to bring down the entire system. They tried it with Covid and the lockdowns and that didn’t do it. Now they are trying to use war to collapse the system especially if this turns into a world war.. I don’t see Nukes,
It didn’t do it? It laid the groundwork for the economic collapse and social control. Phase one.
The groundwork for those two things was laid out years ago. The real purpose of the pandemic mandates was to cement the NWO. They failed. Now they are on to Plan B.
Yeah, Brandon explained it better but that’s what I meant to say. And Plan B is looking pretty shaky for the Globalists. The WEF Conference in Davos was a dud. The Pfizer CEO was asked tough questions by an awakened citizenry that has caught on to their games.
Justin Trudeau was escorted out by Police when a large mob in Canada gathered outside while he was eating at a restaurant. When he left they were yelling and cursing at him. Quite a few could be heard calling him a f-ing murderer. I posted the link to SGTReport.com below.
They asswipes deserve what’s coming to them because more and more evidence is coming out that this Covid scam was a control and depopulation grab. Another day another collapse as a Greek TV presenter collapsed while on Live TV.
The greatest global conflagration is upon us, the smoke is now rising into flames. All of good alternative media’s concerns over the last 10-20 years are merging as one into what will likely be the most intense fourth turning of all of global history.
So, not optimistic, then, Black Cat?
Not so much, lol.
Honestly it needs to happen in my opinion. It’s pretty clear to me that there’s no recourse of action, no redress of grievances, no political solutions etc, etc. and the majority sleepwalks to their own demise.
When the garden is systemically diseased, you cut off the heads, pull out the poison roots and rehabilitate the soil.
I do have hope for Liberty just not at all through the current system.
“The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.”
The idea that the US itself could be dethroned as The Indispensable Superpower is likewise impossible in their minds. Perhaps their minds could use some expansion and a healthy dose of historical reality regarding Superpowers over the Ages. And what always happens to them.
“In other words, the dollar is backed by…the dollar; it’s a very circular and naïve position.”
Circular? Round and round and around? Also known as… Dizzy. Dizzy Economics. Dizzy governance.
“World economic war is the real name of the game here, as the globalists play puppeteers to East and West.”
A cataclysmic conflict between West and East has been prophesied for many years. One that devastates both sides and allows the Dark Predator Vulture Class to swoop in and sweep away all the old and all the death and decay and install their Dark Global Elitist Rule for the Ages. Sort of the exact opposite of the Christian Vision of the rule of a returning Christ.
“The consequences of the loss of reserve status will be devastating to the US economy.”
We don’t know exactly how or when. But what seems clear is that in the blink of an eye (or the flash of a horrible weapon… or a sudden Market Crash)… everything we have known about living our lives is going to change drastically. And how exactly does when prepare for such an Event beyond building our faith and strength to face such an Event?
“All the while the mainstream media and government economists will say they have ‘no idea’ why inflation is so persistent, and that ‘nobody could have seen this coming’.”
Mainstream Media is nothing more than State Media. Nothing of value will ever be coming from them.
But the United States is de facto the Untied States. It is impossible we could now be a “superpower.” Import the third world … become the third world.
Should this come as any Surprise?
“Directed Evolution”? Pfizer R&D Exec Says Covid-19 Created In Wuhan, Is ‘Cash Cow’ For Company”
The other thing that bothers me, something nobody seems to be thinking about, it the massive negative impact this hyperinflation is going to have on everyone’s 401k’s. Hmmm. Going back to the Weimar Republic days as an example: if you had 1 million Retenmarks in the bank in 1923…what would have been the buying power of that in 1930? Yeah…do the math and you have a good idea (albeit, frightening) of what is to become of the 401k. That’s why I only put in the bare minimum…and don’t expect to have anything of value left when I supposedly ‘retire’.
“The rise of MBS was backed by the Public Investment Fund (PIF), a fund comprised of trillions of dollars supplied by globalists within Carlyle Group (Bush family, etc.), Goldman Sachs, Blackstone and Blackrock.”
I stopped there because Carlyle Group seemed familiar somehow….Oh yes, Gov. Youngkin of VA ran it….during his election I did a quick look at it, finding that they were promoting Woke via human resources head. I warned on socail media he may not be the person VA conservatives want….
Republican Inc. won the day.
Interesting until that part about the central banks buying up the gold.. They must be doing it by magic because gold prices are pretty stable and not rising.. As a dumb ole country boy it seems to me that if demand for gold is up the price for it would be rising
You might want to look into gold and silver price suppression by major banks like JP Morgan. Also, the prices have remained high despite that suppression. Supply and demand are not as simple as you seem to think.
Gold is at or near all time highs when measured against most currencies. It’s just the dollar that isn’t showing the full picture (yet?).
The Plebs are starting to get pissed. Watch this video from SGTReport around the 1 minute mark as large crowds in Canada start cursing and throwing insults at Justin Trudeau.
Excellent article Brandon. I would love to see your analysis of how various asset classes will fare under this new world order. Real Estate (farm land, residential homes, rental property), commodities (oil, metals, agriculture) stocks, bonds, etc. It sounds like the window is closing to re-position what we own.
Thank you 4 this article, Brandon. It is getting worse by the day. No trains, no planes, no automobiles and NO GAS – Welcome to the DE-CIVILIZATION Democrat utopia.
These people deserve what they get. They had their chance to expose this vaccine hoax and call them for what they are, experimental drugs or bioweapons. They decided to take sides with the government instead of the people. The Press has been granted 1st amendment rights in the US so they can defend the people against the government. The Press is there to represent the people and not government. The mainstream press around the world have failed the reason they have their jobs, to ask the tough questions and expose corruption in government. The real press today is now the alternative media. People like Sean from SGTReport, Brandon, James Corbett, Greg Hunter etc.
Greek TV presenter Konstantina Klokotara collapses on air during a broadcast.
Remember or don’t forget the financial mastermind of the globalists i.e BIS.
As we know or suspect, it could play an increasingly important role in the global digital gulag planned by the globalists as part of their evil Reset. It will be very complex to implement, but they will try and cause many victims. It is already happening.
Here’s a very relevant program on precious metals and current global issues:
P.S: @Rodster: “The real press today is now the alternative media. People like Sean from SGTReport, Brandon, James Corbett, Greg Hunter etc.” I agree with that.
Just heard Glenn Beck reading your article on his radio show.
All wars are well planned banker wars.
–Heard G. Beck mention you this morning. I didn’t catch all of it but I am pretty certain he said Brandon Smith. He was talking about this exact topic so I have to assume that it was. If other countries come to the conclusion they no longer need the USD to pay for oil its going to kick off one helluva show. I am quite certain many of them are salivating at the thought as I type this. Other than the West, I do not believe there are many countries outside that sphere eager to work with the Neocons/Neolibs or Globohomo. Too many bridges have been burned and there are far too many axes to grind. Revenge is in the offing. As a man who has always been Patriotic, I am sad to report we (US) have been pretty nasty over the years. And payback is a bitch.
–Either I do not think, or maybe I want to think, that neither Xi or Putin are down with the Globalists’ grand plan. I see evidence in that from the way our media has behaved since this officially kicked off about a year ago. Of course the plan to remove Putin had been in the works since at least 2014. If successful in the Ukraine I believe other countries like Saudi Arabi will follow. Everyone likes a winner!
–We have been stirring up so much bad business around the world its really hard to fathom. I never wanted to believe it. But after 2020 I certainly can’t deny it after all the shit they pulled here at home. One has to think if they either wanted to bring in CBDC and/or implement population reduction all they would need to do is throw the switch. A worldwide disruption of the power supply kills at least 70% of the Western Population in 6 months (IMHO). There would be no wars aside from the ones domestic citizens engaged in with each other. I suspect the vaccines play a role in all this somewhere too; possibly to substantially weaken the population.
–I don’t think (again maybe I’m hoping) they can afford to do that as long as Russia & China are alive and well. I believe TPTB thought Russia could easily be sunk with the sanctions. This elitist cult, to my understanding, has gone off the deep end in many respects. I suspect that has a lot to do with the complete capture of the entire media apparatus. That along with the exile of anyone but yes men, all you have is an echo chamber of nonsense. TPTB got so caught up in the primary war (war against their own citizens) they have demolished their own military. I have to think that was done out of paranoia that the troops may turn on them at some point.
–I think we are in uncharted waters. These elitists are trying like hell to prevent the 4th turning from taking place. Its like a forest fire burning off the underbrush to give life to the new. This one is different than those of the past. Weapons unthinkable just a couple generations ago exist. Surveillance and technology are also a huge benefit to those who control it. The Old Order strives to become the New. But God and Nature say different as so many Natural Laws are defied everyday by the corrupted society TPTB have turned us into.
Ever since mid 2020 I have feared the collapse. I wanted to try and stop it. I thought if we could just shake enough people it might slam the brakes. I no longer worry about stopping it. I have some strange uneasy truce with the whole thing understanding that for the sake of humanity it must carry forward.
Congrats on your new found fame sir…….still pestering you about a ubiquitous symbol we can use to unite groups after the fall. I suggested Gadsden but its not my call!
Both Russia and China are a part of the IMF infrastructure – China is owned by the globalists for certain. Russia is hard to determine, though Putin is long time friends with Henry Kissinger (since before he became leader of Russia). I would not count on eastern nations to save us from anything.
And if i’m not mistaken, Russia because of Putin was part of the G8 and I think they wanted inclusion into the G7. Also Russia because of Putin applied for NATO membership and were quickly rejected by the US. I’ll stand corrected if I am wrong on any of the above !
If you go back 2 comments I mentioned that he did read his article on his radio show.
OT: George Soros Funds Global ‘Fact Checking’ Empire
Some say the petrodollar is a myth. This is just one source, there are many more:
Does this make any sense? Thanks.
The article is delusional and written by people with a limited understanding of the situation. The same old rationalizations and blind dismissals of the impending fall of the dollar as we’ve heard for years. Petro status is the ONLY factor keeping the majority of nations in the dollar business. No other commodity is priced specifically in dollars and oil is the biggest trade commodity on the planet. They mention SWIFT as if it’s a factor outside of oil that makes the dollar indispensable, yet Russia is now operating just fine without SWIFT access, and China, India, Brazil, etc have been doing deals outside of SWIFT as well. SWIFT is an illusion, not a pillar of the global economy. Trade without the dollar is happening now, which is why the Saudis are dumping the dollar/oil peg. Finally, they use the tired explanation that there is no other currency to replace the dollar for international trade – This is not an argument. Who says there needs to be a replacement currency for the dollar to collapse? Beyond that, the IMF is openly working on a ONE WORLD DIGITAL BASKET system using the SDR. The goal is to kill the dollar and then replace it EVENTUALLY, not necessarily right away. The globalists may let the world wallow in economic misery for several years without a reserve currency before they introduce their Reset system. The agenda is no longer secret, it is admitted, and yet there are still idiots out there that continue to deny its existence. It’s just mind boggling to me.
Brandon, your postulation (a possible scenario where) “the globalists letting the world wallow in economic misery for several years without a reserve currency before they introduce their reset system” is very thought provoking! Bringing people to their knees economically, starving out the prepared as well as the unprepared, would hasten their acceptance of a CBDC, especially if the governments sweeten the deal with automatic monthly deposits, just because they “care” about all of us “useless eaters”. Wink wink Such a diabolical plan is supremely in line with dangling the proverbial “carrot in front of the donkey”. The slave system will be complete and very very few people will be able to survive as outcasts of that slavery system. I sure hope whomever is reading this will put their faith and trust in Yeshua, our Redeemer, Who is our only Hope and ticket OUT of this nightmare scenario.
Also, I’ve heard Tom Hughes, Hope for Our Times, read from Brandon’s articles. People are paying attention, Brandon… at least a few! 🙂 You are appreciated!