From NewsTarget.com…
Today’s urgent Situation Update podcast (see below) connects the dots and reveals why the West’s economic sanctions against Russia have actually set into motion a series of events which will inevitably lead to the end of the dollar and the collapse of America as we know it.
If you want to jump right to the podcast, you can find it at this link on Brighteon.com.
To understand why the dollar is now doomed, first realize that the petro dollar status of the US dollar made it the “world reserve currency” that has dominated world commerce for the last 75 years. The world reserve currency status allowed the USA to print more fiat currency and use it to purchase physical goods and raw materials from other nations without offering anything in return other than fiat dollars. In effect, it allowed the American people to enjoy a highly prosperous, materialistic quality of life — and affordability of goods — that has been artificial this entire time. Because if you can just counterfeit money and then spend it globally, you have an amazing deal.
All this time, America has been trading fiat currency for physical goods, and that’s a great deal for America and a horrible arrangement for the producers and exported of the world, such as China, Ukraine, Mexico, India, Korea, etc.
Additionally, the hyper creation of leveraged debt and trillions in new money printing (especially since covid) has created a highly precarious global debt bomb scenario and stands on the verge of imploding. It only needs one black swan event to topple the entire thing.
