[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Could the Rapid Growth of AI Boost Gold Demand?

LOOK AT MY ASS!

Elon Musk Responds As British Government "Summons" Him To 'Disinformation' Hearing

MSNBC Contributor Panics Over Trump Nominating Bondi For AG: Dangerous Because Shes Competent

House passes dangerous bill that targets nonprofits, pro-Palestine groups

Navy Will Sideline 17 Support Vessels to Ease Strain on Civilian Mariners

Israel carries out field executions, massacres in north Gaza

AOC votes to back Israel Lobby's bogus anti-Semitism definition

Biden to launch ICE mobile app, further disrupting Trump's mass deportation plan: Report

Panic at Mar-a-Lago: How the Fake Press Pool Fueled Global Fear Until X Set the Record Straight

Donald Trumps Nominee for the FCC Will Remove DEI as a Priority of the Agency

Stealing JFK's Body

Trump plans to revive Keystone XL pipeline to solidify U.S. energy independence

ASHEVILLE UPDATE: Bodies Being Stacked in Warehouses & Children Being Taken Away

American news is mostly written by Israeli lobbyists pushing Zionist agenda

Biden's Missile Crisis

British Operation Kiss kill Instantly Skripals Has Failed to Kill But Succeeded at Covering Up, Almost

NASA chooses SpaceX and Blue Origin to deliver rover, astronaut base to the moon

The Female Fantasy Exposed: Why Women Love Toxic Love Stories

United States will NOT comply with the ICC arrest warrant for Prime Minister Netanyahu:

Mississippi’s GDP Beats France: A Shocking Look at Economic Policy Failures (Per Capita)

White House Refuses to Recognize US Responsibility for Escalation of Conflict in Ukraine

MAKE EDUCATION GREAT AGAIN!!

They will burn it with a "Peresvet" or shoot it down with a "hypersound"

NY Times: Could Trumps Return Pose a Threat to Climate and Weather Data?

Apples new AI-powered Siri?

Pepe Escobar: The BRICS Spirit Is Alive And Well In South Africa

Trump Can Stop WW III By Helping Kamala Make History

About that ICBM Russia just launched on Dnipro

These Are America's Safest Cities


World News
See other World News Articles

Title: FedEx Founder Issues Dire Warning About What BRIC Nations Are Plotting
Source: [None]
URL Source: https://www.yourdestinationnow.com/ ... nder-chairman-issues-dire.html
Published: Feb 14, 2024
Author: Mike Rivero
Post Date: 2024-02-14 11:09:46 by Horse
Keywords: None
Views: 333
Comments: 2

FedEx Founder and Executive Chairman Fred Smith warned during an interview that the BRIC nations — which primarily consist of Brazil, Russia, India, and China — have set out to dethrone the U.S. dollar as the world’s reserve currency, and if that happens, the standard of living that Americans are accustomed to will be gone forever.

Smith made the warning during an interview with Bret Baier while talking about today’s inflation report showing that inflation was worse than projected and that prices are up overall 17.9% since Biden took office.

“I think the issue is much broader than just the CPI that was announced today,” he said. “I mean, we’re the wealthiest nation in the world because of all these wonderful inventions since the end of World War II. But we’re also prosperous because we lead the world in opening markets for trade and protected those trade flows with the American Military and our alliances. And then third, and probably equally important, we’re the reserve currency of the world, the dollar is the medium of exchange and our financial institutions control the movement of money around the world. All three of those things went together.”

“And you had a repudiation of both trade beginning in 2018, when the trade wars began with President Xi and President Trump, and more recently, our government has been borrowing money at an enormous rate, almost $2 trillion last year,” he continued. “And the CBO just announced that we’ll spend more on interest this year than we’ll spend on the Defense Department. These subjects are not even mentioned in our political discourse these days. It’s very concerning.”

Smith said during a recent speech that in order to avoid a catastrophic fiscal crisis, political leaders needed to recognize the extreme and unprecedented dangers that are facing the U.S. and that grand comprise would be needed to fix these problems.

When asked during the interview if he was seeing leaders step up to the plate to address the crisis, he responded: “No, quite the contrary.”

“The political process is really focused on the extremes of both parties,” he said. “No one is supporting trade, which made America great, really, since Roosevelt and his Secretary of State Hall, passed the first major trading bill in 1934. And then we led opening the world and restored Germany and Japan, our enemies, to prosperity through trade and the American Alliance system.”

“And then on top of that, our financial capabilities to print money at will is dependent on the dollar remaining the reserve currency,” he added. “And the so-called BRICS alliance — Brazil, Russia, India, and China — have set out on a deliberate course to dethrone the dollar. If that happens, and we can’t sell our bonds, I can assure you the living standards that we all enjoy today are going to be a thing of the past.”

WATCH:

Steve Guest @SteveGuest

WATCH: FedEx founder Fred Smith to @BretBaier

: “The so-called BRICs alliance—Brazil, Russia, India & China—have set out on a deliberate course to dethrone the dollar. If that happens and we can't sell our bonds, I can assure you the living standards that we all enjoy today are going to be a thing of the past.”

https://twitter.com/i/status/1757610173533724802


Poster Comment:

Repeal the Federal Reserve and send 50 million illegal aliens home. To hell with free trade.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Horse (#0)

I can assure you the living standards that we all enjoy today are going to be a thing of the past.

This fedex man does not watch videos about japan cause they are definitly living in much nicer technological and socital edge IMHO... Nice people, nice stuff, lots of respect...

______________________________________

Suspect all media / resist bad propaganda/Learn NLP everyday everyway ;) If you don't control your mind someone else will.

titorite  posted on  2024-02-14   22:21:35 ET  Reply   Trace   Private Reply  


#2. To: titorite (#1)

All Western Central Banks (including Japan) are poised to crash worse than 1929.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-02-15   1:17:52 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]