USA LOSING WORLD RESERVE CURRENCY STATUS? What This Means for You
If you don't hold it you don't own it.
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Simply taking your money out of the bank does more to hurt banks than anything else especially if done en mass. Converting it to precious metals hurts the Central Banking System more than anything else. T.H.E.Y., who own the banking system know this and conduct World Wars to take money (gold for those who have it) from individuals to 'balance their books'. Theft and murder en mass. God WILL hold them accountable.
Below is an old documentary that 'tells it like it is':
The Money Masters
Update:
(original post)
When your body dies, you can't take this with you. The ONLY thing that matters is working to reinstate God's Law and being obedient to it TODAY. Below is THE first step in the right direction, and is the ONLY solution today:
https://thewayhomeorfacethefire
What did Jesus tell people to do 2000 years ago? Sell everything you have, give it to 'the poor' (Judas at the time was the 'treasurer' of the Disciples of Jesus - the poor) and come follow Him (join His Ministry).
Christ (JAH) in His 2nd coming is telling the same message today. Sell all that you have, give it to His Ministry and follow/join Him. How many people are really unplugging from the monetary system, giving all to Christ and joining him. Very, very few, as it was 2000 years ago.
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Agreed.
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November 24, 2021
Inflation has risen around the world, but the U.S. has seen one of the biggest increases
A shopper in the meat section of a Los Angeles grocery store on Nov. 11, 2021. (Mario Tama/Getty Images)
Note: For the latest data on this topic, read our 2022 blog post.
Americans who have been to the grocery store lately or started their holiday shopping may have noticed that consumer prices have spiked. The annual rate of inflation in the United States hit 6.2% in October 2021, the highest in more than three decades, as measured by the Consumer Price Index (CPI). Other inflation metrics also have shown significant increases in recent months, though not to the same extent as the CPI.
Understanding why the rate of inflation has risen so quickly could help clarify how long the surge might last – and what, if anything, policymakers should do about it. The recent acceleration in the rate of inflation appears to be fundamentally different from other inflationary periods that were more closely tied to the regular business cycle. Explanations for the current phenomenon proffered to date include continuing disruptions in global supply chains amid the coronavirus pandemic; turmoil in the labor markets; the fact that today’s prices are being measured against prices during last year’s COVID-19-induced shutdowns; and strong consumer demand after local economies were reopened.
How we did this
At least one thing is clear: A resurgent inflation rate is by no means solely a U.S. concern. A Pew Research Center analysis of data from 46 nations finds that the third-quarter 2021 inflation rate was higher in most of them (39) than in the pre-pandemic third quarter of 2019. In 16 of these countries, including the U.S., the inflation rate was more than 2 percentage points higher last quarter than in the same period of 2019. (For this analysis, we used data from the Organization for Economic Cooperation and Development, a group of mostly highly developed, democratic countries. The data covers the 38 OECD member nations, plus eight other economically significant countries.)
At 5.3%, the U.S. had the eighth-highest annual inflation rate in the third quarter of 2021 among the 46 countries examined, narrowly edging out Poland. The increase in the U.S. inflation rate – 3.58 percentage points between the third quarter of 2019 and the third quarter of 2021 – was the third highest in the study group, behind only Brazil and Turkey, both of which have substantially higher inflation rates in general than the U.S. does.
Regardless of the absolute level of inflation in each country, many show variations on the same pattern: relatively low inflation before the COVID-19 pandemic struck in the first quarter of 2020; flat or falling inflation for the rest of that year and into 2021, as many governments sharply curtailed most economic activity; and rising inflation in the second and third quarters of this year, as the world struggled to get back to something approaching normal.
For most countries in this analysis, 2021 has marked a sharp break from what had been an unusually long period of low-to-moderate inflation. In fact, during the decade leading up to the pandemic, 34 of the 46 countries in the analysis averaged changes in inflation rates of 2.6% or lower. In 27 of these countries, inflation rates averaged less than 2%. The biggest exception was Argentina, whose economy has been plagued by high inflation and other ills for decades. The OECD has no data on Argentine inflation rates before 2018, but in the 2018-19 period it averaged 44.4%.
At the other end of the spectrum is Japan, which has struggled against persistently low inflation and periodic deflation, or falling prices, for more than two decades, mostly without success. In the first quarter of 2020, Japan’s inflation rate was running at an anemic 0.7%. It slid into deflationary territory in the last quarter of 2020 and has remained there since: Consumer prices in the third quarter of this year were 0.2% below their level in the third quarter of 2020.
A few other countries have departed from the general dip-and-surge pattern. In Iceland and Russia, for instance, inflation has risen steadily throughout the pandemic, not just in more recent months. In Indonesia, inflation fell early on and has remained at low levels. In Mexico, the inflation rate fell slightly during the 2020 lockdown period but returned quickly, hitting 5.8% in the third quarter of 2021, the highest level since the fourth quarter of 2017. And in Saudi Arabia, the pattern was reversed: The inflation rate surged during the height of the pandemic but fell sharply in the most recent quarter, to just 0.4%.
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The UK Economy, and Sterling, Face Next Big Crisis This Winter
By Nour Al Ali
August 12, 2022 at 7:56 AM EDT
Headwinds for the UK economy spell trouble for sterling, and the real test for the Bank of England and the currency may still be in store.
The cost-of-living crisis is about to intertwine with the energy crisis this winter, leaving the BOE in a bind. UK wholesale natural gas prices have more than tripled in the last year and are more than four times higher than the seasonal average over the previous five years. Household energy bills are forecast to rise while the government plans for organized blackouts in a worse-case scenario in January.
If the energy crisis gets out of hand, the market might expect the BOE to pivot because rates can only do so much in the face of supply-driven forces such as Russian gas supplies, inventories, and alternate energy sources that are being tested by climate change.
There is also the question of fiscal support and the uncertainty surrounding it. The BOE has forecast inflation topping 13% in coming months and a recession through 2023 as it raises rates. The central bank is an apolitical body that has no say over government fiscal policies, making whoever becomes the next prime minister that much more significant. Front-runner Liz Truss is pledging an emergency budget and more borrowing to stimulate the economy, while the competing former chancellor Rishi Sunak is advising caution while also vowing to offer more cost-of-living support.
Currency traders aren’t convinced that economic data Friday is enough to prove the economy’s resilience, which is why even as money markets are raising their BOE tightening bets, the pound is the second worst-performing G-10 currency against the dollar on the day.
But it’s fair not to read too much into the curious gross domestic product print. A small contraction was expected given the Jubilee bank holiday, but June’s drop is smaller than in comparable periods, as Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics, noted. July data will likely offer a better picture. It’s possible that numbers would either be revised lower or show that the economy has indeed been more resilient than many expect. Looking ahead, however, there aren’t many other concessions that the pound can give way to.
NOTE: Nour Al Ali writes for Bloomberg’s Markets Live. The observations are her own and not intended as investment advice. For more markets commentary, see the MLIV blog.
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Woah God help us.
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So then, what is in store for silver in the USA? Does it appear as though it will be losing it's value in the near future?
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Dear @joykurzawski ,
Warm welcome.
Even if they manipulate it's price, which THEY do, it is tangible, and real, unlike current fiat currency.
Dear @GodTaughtMeHow ,
Thank-you for sharing the loving huth with here.
Agreed. Most everyone on the planet is working their fool heads off making fake fiat money to purchase materialism (Luke 16:13 No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and materialism.).
Agreed.
Instead of slaving our human lives away needlessly, everyone should chose the right thing, doing God's Will by working together to reinstate God's Law like God's Son Christ said in Matthew 5:17 Think not that I am come to destroy The Law, or the Prophets: I am not come to destroy, but to fully preach The Law (The Torah) and fulfill the prophecies about the first coming of the Messiah.
5:18 For verily I say unto you, Till heaven and earth pass, one jot or one tittle shall in no way pass from The Law, till all be fulfilled.
5:19 Whosoever therefore shall break one of these least COMMANDments, and shall teach men so, he shall be called the least in The Kingdom of heaven: but whosoever shall do and teach [them], the same shall be called great in The Kingdom of heaven.
5:20 For I say unto you, That except your righteousness shall EXCEED [the righteousness] of the lawyers and politicians, ye shall in no case enter into The Kingdom of heaven.
Then this world would be like heaven on earth, instead, it's a HELL of a place to be with evil greedy people who desire materialism ( King of kings' Bible - Matthew ) and are polluting and destroying the earth with their selfish ungodly nature (King of kings' Bible - Genesis).
Christ is The ONLY Example to follow, not insane greedy men.
Agreed. If you want to survive and go home to heaven this is The Way.
The ONLY Survival Plan for all of mankind is full of logic, it's exhilarating, and an extraordinary book. Those who have read it continue to because when put into action it rids you of your worst enemy, your self.
Matthew 19:23 Then said Jesus unto his disciples, Verily I say unto you, That a rich man shall hardly enter into The Kingdom of heaven.
19:24 And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into The Kingdom of God.
True. Will you come follow Christ?
Revelation 18:4 And I heard another voice from heaven, saying, COME OUT of her, MY people, that ye take not part in her sins, and that ye receive not of her plagues (punishment).
The Good Shepard is searching for His lost sheep. Are you one of them? Come see what GO(o)D things are in store for you @Christs.net
God bless all,
OH SH*T, PUTIN AND CHINA JUST WATCHED THE US DIG ITS OWN GRAVE | REDACTED WITH CLAYTON MORRIS
New numbers just released show the United States is past the point of no return. While China and Russia make moves to expand the size and scope of BRICS, the U.S. interest payments on its $32 trillion dollar debt will exceed $1 trillion. Economists believe this is the beginning of the end for US dollar dominance.
NATIONS WORLDWIDE JUST UNITED TO DENOUNCE THE DOLLAR | CRUSHES GLOBAL DOLLAR TRADE
The U.S. dollar 'will die' with BRICS new currency, warns Robert Kiyosaki
GOLD-BACKED CURRENCY LAUNCHING AUG. 22ND - ROBERT KIYOSAKI, ANDY SCHECTMAN
Kiyosaki and Schectman are projecting that BRICS will announce their new gold-backed digital currency during the BRICS summit on August 22-24.
Say GOODBYE to the Dollar as IMF Prepares for Financial Revolution.
By Patricia Harrity on April 12, 2024
The Bretton-Woods Agreement of 1944 established the framework for the rise of the U.S. dollar and its status as the global reserve currency which has its obvious benefits for the US, but there are also numerous costs involved, according to Brandon Smith, who writes “Think of world reserve status as a “deal with the devil. You get the fame, you get the fortune, you get trophy dates and a sweet car – for a while. Then one day the devil comes to collect, and when he does he’s going to take everything, including your soul.”
“Unfortunately, I suspect collection time is coming soon for the U.S“.
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
Written by Brandon Smith and originally published on The Burning Platform
The Bretton-Woods Agreement of 1944 established the framework for the rise of the U.S. dollar. While the benefits are obvious, especially for the U.S., there are numerous costs involved. Think of world reserve status as a “deal with the devil.” You get the fame, you get the fortune, you get trophy dates and a sweet car – for a while. Then one day the devil comes to collect, and when he does he’s going to take everything, including your soul.
Unfortunately, I suspect collection time is coming soon for the U.S.
Global reserve currency status allows for amazing latitude in terms of monetary policy. The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades.
This means that the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
CBDCs automatically end the dollar’s global reserve currency status
Continued at link...
Say GOODBYE to the Dollar as IMF Prepares for Financial Revolution.
By Patricia Harrity on April 12, 2024
The Bretton-Woods Agreement of 1944 established the framework for the rise of the U.S. dollar and its status as the global reserve currency which has its obvious benefits for the US, but there are also numerous costs involved, according to Brandon Smith, who writes “Think of world reserve status as a “deal with the devil. You get the fame, you get the fortune, you get trophy dates and a sweet car – for a while. Then one day the devil comes to collect, and when he does he’s going to take everything, including your soul.”
“Unfortunately, I suspect collection time is coming soon for the U.S“.
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
Written by Brandon Smith and originally published on The Burning Platform
The Bretton-Woods Agreement of 1944 established the framework for the rise of the U.S. dollar. While the benefits are obvious, especially for the U.S., there are numerous costs involved. Think of world reserve status as a “deal with the devil.” You get the fame, you get the fortune, you get trophy dates and a sweet car – for a while. Then one day the devil comes to collect, and when he does he’s going to take everything, including your soul.
Unfortunately, I suspect collection time is coming soon for the U.S.
Global reserve currency status allows for amazing latitude in terms of monetary policy. The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades.
This means that the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
CBDCs automatically end the dollar’s global reserve currency status
Continued at link...