How Long Before the US Dollar is Worth Nothing? And the U.S. Standard of Living Is Crushed?
Recent secret meetings went unreported in the United States media and is still ignored in an effort to protect the current administration as well as because most politicians and media are clueless as to what happens to our way of life when the dollar is no longer the world currency standard. In a graphic illustration of the new world order,
Arab states have launched secret moves with China, Russia and France to
stop using the US currency for oil trading.
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. Iran announced recently that its foreign currency reserves would henceforth be held in euros rather than dollars.
Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years .
Why does this matter? Simply put, when the world currency is no longer the dollar and then the U.S. Government can no longer print money to pay the massive debts we owe. When that happens the dollar will crash. When the dollar crashes everything we buy will skyrocket in price. When that happens $6 per gallon gas will be cheap, $10 milk will be a deal, $20 Big Macs will be normal.
Massive crashes, endless unemployment, home values spiraling downward, business and personal bankruptcies at a world record high, and massive poverty. Think it can't happen? That's what the citizens have said in the past when it happened in their countries. Open your eyes to what is happening on the world financial market. America is in deep trouble and the debt is rising along with the tidal wave heading our way. The dollar is failing and many think it is not if, but when.
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