From Awake-in-3D:  GCR Real-Time News Telegram Room

Even Chairman Chief Bankster of investment firm Rockefeller International sees US Dollar losing World Reserve Status

When Banksters begin espousing the reality of an ongoing global currency shift, especially in the Financial Times, there can be little doubt that we have crossed the Rubicon. General Caesar realized in 49 BCE, “there’s no going back”, once his armies crossed that stream and entered Rome Proper which created a civil war and eventually ended the Roman Empire. 

Today, our modern-day Caesar’s are realizing the same. There’s no going back from the USA’s financial empire drawing to its logical conclusion. 

For the first time since the first Breton Woods Treaty established the Dollar as the World’s reserve currency, the USD share of global foreign exchange (FX) reserves has dropped to 59% amongst the baskets of other nation’s central bank holdings. That’s significant. 

So when Chief Banksters begin publicizing this fact, there’s no looking back, only forward to what’s next. 

What’s next is the endgame battle between Our GCR and the Central Planner’s Great Reset (via Central Bank Digital Currencies). The former is Freedom. The latter is totalitarian control. The battleground will be the USA and Europe vs. the rest of the world (led by BRICS nations and their allied states). 

As the USD begins a precipitous weakening and further decline in global FX holdings, the FED’s/ECB’s CBDCs will be held up as the solution. The rest of the world will formally solidify their asset-backed currency baskets already in progress. Real money vs. digital fiat currency. 

What brings confidence that Our GCR will win is the fact that the USA and Europe are completely dependent on imports from the rest of the world (everything at Amazon, Walmart, Target, etc. and also most industrial raw materials).

When no exporting nation will accept CBDCs as trade payment, the USA will be forced to consider asset-backing the Dollar (the Euro will be abandoned in favor of a return to her previous sovereign currencies such as the Deutschmark, Franc, and Lira). 

This is the trigger for the General Redemptions release of gold collateral to back new USTN and other Western currencies. And prior to this, all historical bonds and artificially depressed currencies will RV/Exchange/Redeem via the GCR Platforms (already in place). Oh happy day. 

@GCR_RealTimeNews

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Reference article:

"Don't Be Fooled By Recent Strength... A Post-Dollar World Is Coming"

by Tyler Durden  Tuesday, Aug 30, 2022 - 08:10 AM

Authored by Ruchir Sharma, op-ed via The Financial Times,

The currency may look strong but its weaknesses are mounting...

This month, as the dollar surged to levels last seen nearly 20 years ago, analysts invoked the old Tina (there is no alternative) argument to predict more gains ahead for the mighty greenback.

What happened two decades ago suggests the dollar is closer to peaking than rallying further. Even as US stocks fell in the dotcom bust, the dollar continued rising, before entering a decline that started in 2002 and lasted six years. A similar turning point may be near. And this time, the US currency’s decline could last even longer.

Adjusted for inflation or not, the value of the dollar against other major currencies is now 20 per cent above its long-term trend, and above the peak reached in 2001. Since the 1970s, the typical upswing in a dollar cycle has lasted about seven years; the current upswing is in its 11th year. Moreover, fundamental imbalances bode ill for the dollar.

When a current account deficit runs persistently above 5 per cent of gross domestic product, it is a reliable signal of financial trouble to come. That is most true in developed countries, where these episodes are rare, and concentrated in crisis-prone nations such as Spain, Portugal and Ireland. The US current account deficit is now close to that 5 per cent threshold, which it has broken only once since 1960. That was during the dollar’s downswing after 2001.

Nations see their currencies weaken when the rest of the world no longer trusts that they can pay their bills. The US currently owes the world a net $18tn, or 73 per cent of US GDP, far beyond the 50 per cent threshold that has often foretold past currency crises.

Finally, investors tend to move away from the dollar when the US economy is slowing relative to the rest of the world. In recent years, the US has been growing significantly faster than the median rate for other developed economies, but it is poised to grow slower than its peers in coming years.

If the dollar is close to entering a downswing, the question is whether that period lasts long enough, and goes deep enough, to threaten its status as the world’s most trusted currency.

Since the 15th century, the last five global empires have issued the world’s reserve currency — the one most often used by other countries — for 94 years on average. The dollar has held reserve status for more than 100 years, so its reign is already older than most.

Read full post here:  https://www.zerohedge.com/geopolitical/dont-be-fooled-recent-strength-post-dollar-world-coming

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