{"id":49652,"date":"2019-11-16T12:28:54","date_gmt":"2019-11-16T17:28:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49652"},"modified":"2019-11-16T12:28:58","modified_gmt":"2019-11-16T17:28:58","slug":"vladimir-putin-sums-up-the-new-world-order-in-5-words","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49652","title":{"rendered":"Vladimir Putin Sums Up The New World Order In 5 Words"},"content":{"rendered":"\n

Vladimir Putin Sums Up The New World Order In 5 Words<\/a><\/h3>\n\n\n\n

Russian President Vladimir Putin succinctly summarized the shifting tectonic plates of geopolitics.<\/p>\n\n\n\n

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Vladimir Putin: “The Dollar Enjoyed Great Trust Around The World. But For Some Reason It Is Being Used As A Political Weapon, Imposing Restrictions. Many Countries Are Now Turning Away From The Dollar As A Reserve Currency. US Dollar Will Collapse Soon.”<\/p>\n\n\n\n

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First he explained the status quo…<\/p>\n\n\n\n

“The Dollar enjoyed great trust around the world. But, for some reason, it is now being used as a political weapon to  impose restrictions.”<\/strong><\/em><\/p><\/blockquote>\n\n\n\n

Then Putin explained the consequences…<\/p>\n\n\n\n

“Many countries are now turning away from the Dollar as a Reserve Currency.”<\/strong><\/em><\/p><\/blockquote>\n\n\n\n

And ultimately what happens…<\/p>\n\n\n\n

“US Dollar will collapse soon.”<\/strong><\/em><\/p><\/blockquote>\n\n\n\n

And just like that, it was gone. Remember “nothing lasts forever”…<\/p>\n\n\n\n

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As Bloomberg reports,<\/em><\/a> Russia’s central bank has been the largest buyer of gold in the past few years.<\/p>\n\n\n\n

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Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n

Of course, Putin is not the first (and won’t be the last) to suggest the end is nigh for the dollar…<\/strong><\/p>\n\n\n\n

The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency<\/a>, saying it will create a more stable global financial system.<\/p>\n\n\n\n

“The dominance of the greenback is the root cause of global financial and economic crises,” <\/strong>Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank. “The solution to this is to replace the national currency with a global currency.”<\/strong><\/p><\/blockquote>\n\n\n\n

Warren Buffett once explained<\/a> that “for 240 years it\u2019s been a terrible mistake to bet against America, and now is no time to start.”<\/em><\/strong><\/p>\n\n\n\n

We don’t mean to rain on his parade too much, but the following charts suggest <\/em><\/strong>time is ticking, as the world transitions from dollars to non-fiat reserves…<\/p>\n\n\n\n

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Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n

<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Vladimir Putin Sums Up The New World Order In 5 Words Russian President Vladimir Putin succinctly summarized the shifting tectonic plates of geopolitics. Vladimir Putin: “The Dollar Enjoyed Great Trust Around The World. But For Some Reason It Is Being Used As A Political Weapon, Imposing Restrictions. Many Countries Are Now Turning Away From The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[839,857,5482],"class_list":["post-49652","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-us-dollar","tag-vladimir-putin","tag-world-reserve-currency"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49652"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49652\/revisions"}],"predecessor-version":[{"id":49653,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49652\/revisions\/49653"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}