{"id":67244,"date":"2024-04-11T12:26:27","date_gmt":"2024-04-11T17:26:27","guid":{"rendered":"https:\/\/olduvai.ca\/?p=67244"},"modified":"2024-04-11T12:26:27","modified_gmt":"2024-04-11T17:26:27","slug":"imf-prepares-financial-revolution-say-goodbye-to-the-dollar","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=67244","title":{"rendered":"IMF Prepares Financial Revolution \u2013 Say GOODBYE to the Dollar"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/www.theburningplatform.com\/2024\/04\/09\/imf-prepares-financial-revolution-say-goodbye-to-the-dollar\/\">IMF Prepares Financial Revolution \u2013 Say GOODBYE to the Dollar<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p><img decoding=\"async\" src=\"https:\/\/www.birchgold.com\/wp-content\/uploads\/2024\/04\/imf-financial-revolution-goodbye-dollar.jpg\" \/><\/p>\n<p>Global reserve currency status allows for amazing latitude in terms of monetary policy.<\/p>\n<p>The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The\u00a0<a href=\"https:\/\/www.birchgold.com\/blog\/financial\/petrodollar-collapse\/\">petrodollar<\/a>\u00a0monopoly made the U.S. dollar essential for trading oil globally for\u00a0<em>decades<\/em>.<\/p>\n<p>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\u00a0<em>any other central bank on the planet<\/em>\u00a0while avoiding the immediate effects of hyperinflation.<\/p>\n<p>Much of that cash as well as dollar-denominated debt \u00a0ends up in the coffers of foreign central banks, international banks and investment firms. Sometimes it is held as a hedge, or bought and sold to adjust the exchange rates of local currencies. As much\u00a0<em>as\u00a0<\/em><em><a href=\"https:\/\/www.imf.org\/en\/Publications\/fandd\/issues\/2019\/06\/what-makes-the-US-100-bill-so-popular-currency\" target=\"_blank\" rel=\"noopener\">60% of all U.S. currency<\/a><\/em>\u00a0(and\u00a0<a href=\"https:\/\/usafacts.org\/articles\/which-countries-own-the-most-us-debt\/\" target=\"_blank\" rel=\"noopener\">25% of U.S. government debt<\/a>) is owned outside the U.S.<\/p>\n<p><a href=\"https:\/\/www.birchgold.com\/blog\/finance\/global-reserve-currency\/\">Global reserve currency<\/a>\u00a0status is what allowed the U.S. government and the Fed to create tens of trillions of dollars in new currency after the 2008 credit crash, all while keeping inflation more or less under control.<\/p>\n<p>The problem is that this system of stowing dollars overseas only lasts so long and eventually the effects of overprinting come home to roost.<\/p>\n<p>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 \u201cdeal with the devil.\u201d You get the fame, you get the fortune, you get trophy dates and a sweet car \u2013 for a while. Then one day the devil comes to collect, and when he does he\u2019s going to take\u00a0<strong><em>everything,<\/em><\/strong>\u00a0including your soul.<\/p>\n<p>Unfortunately, I suspect collection time is coming soon for the U.S.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>IMF Prepares Financial Revolution \u2013 Say GOODBYE to the Dollar 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\u00a0petrodollar\u00a0monopoly made the U.S. dollar essential for trading oil globally [&hellip;]<\/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":[2,6],"tags":[5038,5993,28642,28643,124,4955,309,418,434,5856,827,839],"class_list":["post-67244","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-banking-industry","tag-brandon-smith","tag-cbdc","tag-central-bank-digital-currency","tag-central-banks","tag-digital-currency","tag-fiat-currency","tag-imf","tag-international-monetary-fund","tag-the-burning-platform","tag-united-states","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67244","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=67244"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67244\/revisions"}],"predecessor-version":[{"id":67245,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67244\/revisions\/67245"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}