The Death of the U.S. Dollar?
Thanks to the blundering buffoonery of Biden and his handlers, the power of the U.S. dollar as world reserve currency, and thus the global status of America, is imploding.
Biden and co. at the G7 summit agreed to seize $50 billion of interest from almost $300 billion frozen Russian assets held by Western nations to give to Ukraine (or rather to Ukrainian oligarchs—the people of Ukraine keep being slaughtered without reaping any benefits). After that, Russian dictator Vladimir Putin took decisive action to end all U.S. dollar transactions through the Russian central bank and Moscow Exchange, a blow to the dollar’s status as world reserve currency. Meanwhile, Saudi Arabia just ended a 50-year-old deal that strikes at the survival of the petrodollar. The winner? America’s number one enemy, Communist China.