Abandon all dollars, ye who linger here.

Birch Gold Group – "USD Faces this Triple Threat"

_{(Right-click title to see original story)   (Image source)}

– Flash Points –

1 – Goldman Sachs is telling us to short the US dollar.
2 – China is looking to replace the yuan with a digital currency.
3 – The Fed is digging a deeper hole, for both itself and the dollar.

– Synopsis –

In a recent posting on “BirchGold.com,”  the team at Birch Gold Group identified 3 threats that the US dollar currently faces. 

Threat 1 – Goldman Sachs Calls for Shorting US$   

Even Goldman Sachs seems to be losing faith in the US dollar, as it recently advised its clients to “short”  it. “Shorting”  the dollar means betting against it, in the expectation that it will drop in value. Once the dollar plunges in value, those who have shorted it can swoop in and make a handsome (some say, “ugly”) profit on the bet.  

Threat 2 – China’s Digital Currency Could Doom US$ 

The Chinese may be planning to replace the yuan with a digital currency called the “Central Bank Digital Currency”   (CBDC). Depending on how the CBDC is received by China’s trading partners around the globe, it could ensure that the dollar’s days are “numbered.”    _{(Image source)}

Threat 3 –  Fed’s MMMT (Mad Modern Monetary Theory) 

Over the past 8-9 months, the brainless tag team of Federal Reserve chairman Jerome Powell and Prezint Donald Drumpf has been doing whatever it takes to keep the moribund economy alive. What it takes is a combination of Mad Maniacal Modern Monetary Theory (MMMMT) and helicopter money, in which trillions and trillions of dollars are printed, then distributed in the most reckless and irresponsible fashion.   

Far from saving the economy or even improving it, the Fed’s actions are destroying the dollar. What follows will be the complete and utter annihilation of the US economy.

– Insight from Outside –

When the US dollar – the assumed “global reserve currency,”  which is issued by the “sole remaining superpower,”  whose leader claims “the strongest economy in the history of the world and the entire universe”  – when that dollar is likely to be surpassed by the lowly Norwegian krone, you can be certain that both the US and the global economy are in serious trouble, and will soon be turned upside down.   

Essentially, Goldman Sachs is warning its clients, “Abandon all dollars, ye who linger here.”   _{(Image source)}

Middle Kingdom, at Center of Global Economy  

The dollar became the world’s reserve currency based on the dominant US position in the post-World War 2 global economy. But those days are long gone.

For decades now, China has understood that the un-backed US dollar is doomed. When the dollar finally collapses, China will likely have the most viable replacement.  

Phantom Value 

Printing money creates false money. It can never produce wealth.    

But that has not stopped the wise men at the Fed from printing insanely bloated shitloads of money and distributing it to those who need it least.  

Over the past decade, the Fed’s out-of-control quantitative easing (QE) money-printing programs have brought the dollar closer and closer to collapse. Over the past 8–9 months, its injections of increasingly massive amounts of dollars into the repo market have only exacerbated the situation.

As stated above, the Fed is obliterating the dollar.    _{(Image source)}