{"id":7701,"date":"2023-03-31T20:25:34","date_gmt":"2023-03-31T20:25:34","guid":{"rendered":"https:\/\/petersantilli.com\/?p=7701"},"modified":"2023-03-31T20:26:36","modified_gmt":"2023-03-31T20:26:36","slug":"buckle-up-the-u-s-dollar-just-got-some-of-the-worst-news-in-its-history","status":"publish","type":"post","link":"https:\/\/petersantilli.com\/?p=7701","title":{"rendered":"BUCKLE UP: The U.S. Dollar Just Got Some Of The Worst News In Its History…"},"content":{"rendered":"

BUCKLE UP: The U.S. Dollar Just Got Some Of The Worst News In Its History…<\/a><\/p>\n

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I have long warned of the collapse of the petrodollar<\/a> reserve system that currently undergirds the global economic system.<\/p>\n

Up until very recently, every nation on the planet coveted and hoarded U.S. dollars to settle oil transactions\u2014all\u00a0<\/em>countries were required to sell and buy oil in U.S. dollars\u2014massively\u00a0<\/em>driving up demand for the currency. \u2026<\/p>\n

Hence the term \u2018global reserve currency\u2019\u2014the dollar was the common denominator in global energy trade.<\/p>\n

However, due to\u00a0rampant\u00a0<\/em>monetary printing, sustained military campaigns abroad, and the Biden administration\u2019s absolute weakness, that system has now collapsed. \u2026<\/p>\n

You won\u2019t hear these exact words in the news, yet this is exactly what has happened. \u2026<\/p>\n

Early last year, Russia announced that it would price oil in rubles<\/a>, and Saudi Arabia<\/a> also announced similar plans to move away from the U.S. dollar in favor of the Chinese yuan.<\/p>\n

Additionally, the entire energy paradigm is shifting, as the U.S. Department of Energy announced a breakthrough in nuclear fusion<\/a> technology late last year, placing additional pressure on the petrodollar and leaving the future of the entire oil industry in doubt.<\/p>\n

What this means is that at least\u00a0half<\/em> the world no longer has a use for the U.S. dollar, beyond using it for legitimate foreign-exchange business transactions\u2014guess where all those excess dollars are going to go?<\/p>\n

They\u2019re going to be sent\u00a0here<\/em>, they\u2019re going to come back home\u2014causing untold levels of inflation\u2014potentially hyperinflation.<\/p>\n

If you don\u2019t believe this system has collapsed, take a look at these headlines and these latest developments over the last week:<\/p>\n

According to\u00a0Watcher Guru<\/a>:<\/p>\n

Talking on the sidelines of the Russian-Indian Strategic Partnership for Development and Growth Business Forum, Babakov said,<\/em><\/p>\n

\u201cI think that at the BRICS [leaders\u2019 summit], the readiness to realize this project will be announced, such works are underway.\u201d<\/em><\/p>\n

\u201cThe transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the nearest future.\u201d<\/em><\/p><\/blockquote>\n

Merco Press<\/a> shared this seismic report from the World Bank:<\/p>\n

The United States dollar status as the world\u2019s single reserve currency will end by 2025, according to a new report by the World Bank.<\/em><\/p>\n

\u201cBy 2025, six major emerging economies\u2014Brazil, China, India, Indonesia, South Korea, and Russia\u2014will account for more than half of all global growth, and the international monetary system will likely no longer be dominated by a single currency. <\/em><\/p>\n

As economic power shifts, these successful economies will help drive growth in lower income countries through cross-border commercial and financial transactions.\u201d the report noted.<\/em><\/p><\/blockquote>\n

So\u2026.what to do?<\/p>\n

As usual, we don\u2019t leave you hanging.<\/p>\n

We have real, actionable next steps to keep you and your family safe!<\/p>\n

Keep reading\u2026<\/p>\n

Gold Is About To Become \u201cUnobtainium\u201d?<\/h2>\n

Ok, so I have to admit something\u2026<\/p>\n

I\u2019m not sure if you spell it Unobtainium or Unobtaineum since it\u2019s a made-up word, but the point remains: there could very well be a time fast approaching where you can\u2019t obtain Gold.<\/p>\n

You either have it or you don\u2019t.<\/p>\n

Hence: un-obtain-ium.<\/p>\n

That\u2019s a message I\u2019ve heard repeated by many people in recent weeks, most recently just today by Steve Quayle on Greg Hunter\u2019s show.<\/p>\n

I always love listening to these two chat, even though they got a little chippy at the end, with Quayle chipping back \u201cDid you not just hear me?\u201d<\/p>\n

That\u2019s ok, stress and tensions running high.<\/p>\n

But there was a LOT in this one and I will try to summarize a couple main points.<\/p>\n

First, Quayle points out that China has been absolutely DUMPING U.S. Treasuries in recent months, and then accelerating the sales this week.<\/p>\n

According to Quayle, they dumped so much this week they sold them for 15 cents on the dollar just to get out.<\/p>\n

As Bo Polny keeps warning us, a failure of the U.S. Dollar (USD) $ is coming and this is how you get a failure.<\/p>\n

When the second largest holder of U.S. Treasuries rage quits the market and dumps them at fire sale.<\/p>\n

Take a look at this:<\/p>\n

Ok, so to everyone who just tuned out when I started talking about Treasuries, let me explain to you why this matters.<\/p>\n

DISCLAIMER: no, I am not a Financial Advisor and I\u2019m definitely not YOUR Financial Advisor.\u00a0 But I am a reporter and I report it like I see it.\u00a0 Fair and honest.<\/strong><\/p>\n

Because the US Dollar is likely going down hard\u2026.<\/p>\n

But that also means Gold is likely about to Moonshot.<\/p>\n

Check this out:<\/p>\n

As for that last one, that would be going from $2,000\/oz to $8,000\/oz.<\/p>\n

We call that a 4x move, or a 400% gain.<\/p>\n

Wow.<\/p>\n

You can watch the full interview here on Rumble<\/strong><\/a>:<\/p>\n

If you already have gold, that\u2019s great!<\/p>\n

For everyone else\u2026.keep reading:<\/p>\n

A Faith-Driven, Conservative Precious Metals Company You Can Use With Your IRA!<\/h2>\n

For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells. Now, we see why.<\/p>\n

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the \u201celites\u201d and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.<\/p>\n

If you\u2019ve been waiting for me to bring you a solution about what YOU can do to protect yourself and you\u2019re family, I\u2019m happy to introduce you to something I absolutely love!<\/strong><\/p>\n

Precious metals.<\/p>\n

I just talked about precious metals this week with Bo Polny and now I\u2019m bringing you a solution that you can utilize right away if you\u2019re so inclined\u2026<\/p>\n

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Unlike most companies offering similar services,\u00a0Genesis<\/a><\/strong>\u00a0deals only with physical precious metals. They do not offer \u201cvirtual\u201d or \u201cpaper\u201d gold or silver.<\/p>\n

With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions,\u00a0Genesis<\/a><\/strong>\u00a0customers can cash in some or all of their precious metals or have them delivered to their door.<\/p>\n

Central bankers aren\u2019t slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it\u2019s understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.<\/p>\n

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.<\/p>\n

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Don\u2019t wait too long, we might have more bank failures right around the corner.<\/p>\n

You know what has NEVER \u201cfailed\u201d?<\/p>\n

Gold.\u00a0 Precious metals.\u00a0 Indestructible.<\/p>\n

There\u2019s a reason they call it \u201cGod\u2019s money\u201d.<\/p>\n

Watch this for more:<\/p>\n