SRU and The Atlantis Report Saturday Afternoon 2-27-2021
The Silver Report Uncut
The IMF Plan To Replace The Dollar As The World Reserve Currency, SDR Issuance, SDR Bond Market
Feb 27, 2021
The IMF has been working for a long time to establish parity with the US dollar around the world. This would benefit many countries to have the dollar diminished in international transactions.
The new surge in SDR issuance should be concerning for a few reasons.
They have mirrored the current system that supports the dollar which would be the US treasury market except for SDR's.
It shows the world hard at work to realign the world economy away from the Dollar as the world reserve currency.
Fed is Trapped as QE Assets Hit $7.6 Trillion & Wall Street Wants More QE
The Atlantis Report: Feb 27, 2021
Fed is Trapped as QE Assets Hit $7.6 Trillion and Wall Street wants More QE 1.9 trillion$ is only the amount from the current proposed stimulus bill.
As a result, the deficit will balloon to eye-popping amounts. The U.S. national debt will swell to nearly $30 trillion. The $1.9 trillion spending package will grow the U.S. budget deficit to $4.2 trillion in 2021 and put the government on a path to spend more money in one year than the previous 200+ years.
Biden and company are set to borrow more money over the next 12 months than the U.S. government borrowed to finance the Revolutionary War, the Civil War, World War I, World War II, and the Cold War,” Stephen Moore, former economic adviser to President Trump, wrote in his Committee to Unleash Prosperity newsletter.
It is estimated that the current deficit ( without the 1.9trillion ) will be 2.3 trillion, so the total for 2021 will be 4.2 trillion $. The question that I consistently ask is, who is going to buy this debt at current interest rates when any buyer is guaranteed to lose money in real terms!
Only one, and that is the FED. And when this happens, we will be on a slippery slope to a currency collapse. Bonds are signaling inflation.