Over the past 10 years or so the European dollar known as the Euro-Dollar has become increasingly worth more than our dollar. It used to be that our dollar or US currency was more than theirs. But with the US debt now in the trillions with no way to recover it seems that the world over, more countries are turning away from wanting to use the dollar.
In fact last week at the meeting of the World Economic Forum at Davos, Switzerland billionaire currency trader George Soros warned that the dollar's reserve currency role was drawing to and end: "the current crisis is not only the bust that follows the housing boom, its basically the end of a 60-year period of continuing credit expansion based on the dollar as the reserve currency. Now the rest of the world is increasingly unwilling to accumulate dollars".
If the world becomes uninterested in using the dollar, the United States will be unable to finance its trade deficit or its budget deficit. With both of these out of balance, the dollar's decline will affect its exchange value and therefore will cause a sharp rise in prices of everything else.
As sure as I write this there is coming a time when there will be no more paper or coins. As the world moves toward the digital age, exchange will all be done through digital credit. Moreover it will ultimately be done through a microchip implant with RFID capability. But that is for another post at another time.
Soon with what our Government is (somewhat) secretly doing by the merging of Mexico, Canada, and the US, also known as the NAU or North American Union there is a movement to do away with our current currency and replace it with what is called the AMERO dollar. Its interesting to note here that you can see a World Government surely coming into view.
One of the Elite's (aka Illuminati) goals is to widen the gap between the "Have's" and the "Have-not's", the middle class is becoming a thing of the past. Their motto is "divide and conquer". Slowly but surely thats exactly whats happening. Will the One World Order come together in mine and your lifetimes? I don't know. But what I do know is that the speed with which things are changing has increased within just the last 20 years. Till next time.
In fact last week at the meeting of the World Economic Forum at Davos, Switzerland billionaire currency trader George Soros warned that the dollar's reserve currency role was drawing to and end: "the current crisis is not only the bust that follows the housing boom, its basically the end of a 60-year period of continuing credit expansion based on the dollar as the reserve currency. Now the rest of the world is increasingly unwilling to accumulate dollars".
If the world becomes uninterested in using the dollar, the United States will be unable to finance its trade deficit or its budget deficit. With both of these out of balance, the dollar's decline will affect its exchange value and therefore will cause a sharp rise in prices of everything else.
As sure as I write this there is coming a time when there will be no more paper or coins. As the world moves toward the digital age, exchange will all be done through digital credit. Moreover it will ultimately be done through a microchip implant with RFID capability. But that is for another post at another time.
Soon with what our Government is (somewhat) secretly doing by the merging of Mexico, Canada, and the US, also known as the NAU or North American Union there is a movement to do away with our current currency and replace it with what is called the AMERO dollar. Its interesting to note here that you can see a World Government surely coming into view.
One of the Elite's (aka Illuminati) goals is to widen the gap between the "Have's" and the "Have-not's", the middle class is becoming a thing of the past. Their motto is "divide and conquer". Slowly but surely thats exactly whats happening. Will the One World Order come together in mine and your lifetimes? I don't know. But what I do know is that the speed with which things are changing has increased within just the last 20 years. Till next time.
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