Marty Petersen

Why is the US Dollar in Big Trouble? Let's face reality folks and stop believing all the propaganda out there The propaganda being that the death of the US dollar is not blamed on the Federal Reserve printing trillions of new fiat currency during the years of Quantitative Easing in order to bail out the difficulties of the 5 large banks. It is not blamed on the thoughtless US sanctions imposed on Russia, Iran, and other countries, the only effect of which is to encourage countries to abandon the dollar based system, thus causing a drop in the demand for dollars and US Treasury debt. Instead, the dollar’s peril is blamed on Russia, China, Iran, “oil-soaked Saudi Arabia” and “our neighbor Mexico.” In other words, it is a cover-up for the Fed and Biden regime’s catastrophic mistakes. The US dollar is today in fact in deep trouble, but it is trouble of Washington’s making mainly. No one in Congress, on Wall Street, in the banks, or in the economics departments of universities unfortunately understands the meaning of the US dollar as reserve currency. When a country’s currency is the reserve currency, it means that there is unlimited demand for your debt. The reason is that your debt is the reserves of the world’s central banks. An increase in US debt is an increase in the reserves of the world banking system. As central banks desire more reserves, there is always a demand for US Treasury debt and zero financing problem. All of the nonsense we heard for decades about the impossibility of paying off the US debt is unfortunately nothing but unbridled ignorance. The debt does not need to be paid off. If it had been, the reserves of the world banking system would have collapsed, and the Great Depression that the Americans experienced in the 1930s, due entirely to the Fed’s failure to expand bank reserves, would be worldwide. To be completely clear, the ONLY reason the US dollar is in danger of a large reduction in its value, is that Biden’s sanctions are driving countries away from the dollar. US debt can become a problem only from the abandonment of the dollar as world money. The problem is not that the debt can’t be paid. The problem is whereas the Fed can print dollars to meet any debt payments, it cannot print foreign currencies with which to buy dollars in foreign exchange markets. In other words, it is a death scenario–one produced by the Federal Reserve, the incompetent or bought-and-paid-for American economists, and a mindless American government and the financial press. The minute the dollar goes, American power goes with it. Most of the world can hardly wait for it to happen. Come to the Financial Policy Council https://lnkd.in/eZU2UgYd, be a part of decisions that will shape the country's future & share your thoughts. #dollar #Fed Financial Policy Council Blackhawk Partners, Inc. Brain Expansion Group Stanford Silverman Steven Cinelli

192

77 Comments

I’m reposting this as it apparently was removed from my profile. ———— I would like to see USC turn this mistake into an opportunity: Allow Asna Tabassum to address the Country on National Media.. giving her an opportunity to assuage fears across the country and heal divides with her words. Give Asna a chance to show she chooses peace. Give her an even broader audience in time to set the stage across this country for peaceful tolerance. If hate, intolerance & taking sides creates fear, maybe virtual graduations may be needed. But, we need leaders to Motivate people to become tolerant, and learn from other’s perspectives. Not shut them down. What has happened recently is antithetical to what the word “University” * means❗️ But don’t just take my word for it. Look-up the linguistic meaning of the word “University.” * ——————— * Meaning of “University.” Just like the word “universe,” “university” comes from the Latin word universus, meaning "whole, entire, everything." A University is a place where “all things” (all points of view”) can be discussed. “University” is inconsistent with cancel culture or censorship. ——————— USC canceled its valedictorian speech: What the university got wrong. https://lnkd.in/gCgHBDc6

2

1 Comment

Gosh, let's really hope that we stop hemorrhaging US tax dollars in this direction. Aside from what our politicians are doing without the support of the American people that voted them in. Any logical person can see, America doesn't have the money to save the world. We need to focus on our country as the world is falling apart with a weakened, and divided America. *The US government is running a cumulative deficit of $1.1 trillion so far in FY2024 ($46 billion more than the same period in the prior fiscal year when adjusted for timing shifts*). https://lnkd.in/gnuFCjsh

6