IE: US faith in the stability of the dollar will be tested
Rumours of the death of the dollar are exaggerated, but only for now, writes the author of the article for The New Indian Express. The problems with the American currency are increasing, and the cause of this is Washington itself. Ultimately, the US will overplay their hand and lose their political prestige.
At the moment, there is no doubt in the US about the stability of the dollar as a reserve currency. However, considering the country's economic, political, and social problems, this faith will be put to the test.
To paraphrase Mark Twain's famous joke, rumours of the death of the dollar are exaggerated, although its health problems are increasing.
The problems with the dollar are mainly caused by Americans themselves. The unrestrained fiscal and monetary policies of the US - with a budget deficit and government debt at 7% and over 100% of GDP respectively - have reduced the dollar's long-term purchasing power. Since 1972, it has fallen by 99% against gold and lost 90% of its purchasing power in the market for real goods and services.
American politicians have always sought to use the dollar as a weapon to achieve their own goals, thereby compensating for economic weaknesses, such as lack of competitiveness. The US has sought to exclude foreign entities from international payment systems, such as SWIFT.
Washington imposes secondary sanctions to punish individuals and organisations that are not even under US jurisdiction. If a Russian company is under sanctions, anyone doing business with it may be subject to legal action, even if they comply with their own country's laws. This is done through a questionable system of dollar transactions that only pass through the US banking system. International banks and others have already faced legal action for operations that are legal in their own country. The threats are sufficient to disrupt dealings with organisations under US sanctions.
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DEMOCRAT OPERATIVE EXPOSED: PAID PROTESTER MAKES UP TO $110K WHILE BACKING RADICAL DSA CANDIDATES
David Khait reveals a so-called “activist” who identifies as They/Them is actually a paid protester raking in $80,000–$110,000 annually. The individual is tied to Democrat Socialists of America’s Atlanta chapter, met with the Cuban Ambassador, and serves as a delegate at the DSA convention endorsing New York mayoral candidate Zohran Mamdani. Khait’s investigation shows Mamdani’s campaign team is stacked with DSA operatives like this one, running voter outreach while posing as grassroots. The corruption runs deep.
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Islamic scholar in California, Uthman Farooq:
“Your nightmare of an Islamic Europe will come true. You can be as mad as you want, there’s nothing you can do.
America and Russia will also become Muslim countries. We are the change, and we are unapologetic and uncompromising!”
@NoAgendaLara
đź’Ą Finally, he said it out loud. We ALL need to keep saying it!
RFK just dropped one of the biggest truth bombs of all, demonstrating the “chicken & egg” truth about mass vaccinations….
“Nearly all the mortality reductions occurred BEFORE the introduction of vaccines and that vaccinations could therefore claim little of the credit.”
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I write about this in my book ZERO Accountability, Chapter 14, How Public Health Became Weaponized.
(drtenpenny.com/zero)
Before the world experienced COVID, the concept of mandatory vaccination was a crazy possibility.
The opening of that chapter is this quote by then US Rep. Ron Paul: “When we give government the power to make medical decisions for us, we, in essence, accept that the state owns our bodies.”
I also write how clean drinking water, NOT vaccines, is probably the greatest contribution to public health!
The office of Iranian leader, Ayatollah Khamenei:
"God is with us.
Martyrdom is the reward for striving; whether in an eight-year defense or a heroic twelve-day battle. What is important is that we believe in the divine promise of the victory of truth and the decline of falsehood, and that we fulfill our duty in victory."