Loading ...Triggers in USDollar Collapse
snip
The triggers for profound unspeakable sudden crisis are lead by A) a continued decline in the crude oil price, B) bank failures from expired oil contract hedges, and C) the default of between $6 and $11 trillion in Emerging Market debt. One or more of these events is likely to occur in the next few months, probably all three. All three are extensions of the death of the USDollar, which is manifested in its rise. Like a balloon it will pop. The system will not be able to withstand the shock. Systemic breakdown will give way to failure of the entire monetary system upon which the USDollar rests. The Gold Standard will be urged on, first in trade, then in banking, finally in currency. The USDollar will be swept aside, its rubble put in the dustbin of history, the memories likened to Rome during the Nero period. When the next crisis hits, it will be five times worse than the Lehman event within the United States in 2008. When the next crisis hits, it will be five times worse than the Asian Meltdown internationally in 1998.
The movement has gone international to replace the USDollar, to install a fair trade payment system, to revert to a sound bank reserves system, to assure an honest currency system. Unfortunately, the dismissal of the King Dollar Reign of Terror cannot be done without surrender by Wall Street banks and the cabal syndicate that runs them, using the central bank franchise system as monetary shackles. Any nation attempting to exit the USDollar-based system is branded an enemy, subjected to propaganda, slapped with sanctions, and attacked militarily while isolated economically. Many are the non-USD platforms, mechanisms, and channels, far more than two years ago. The days of the USD as global currency reserve are numbered, limited, and few. Expect the RMB to be installed as caretaker vehicle on an interim basis. It will serve well until the Gold Standard arrives in whatever form is decided.