Why Mark Carney Thinks The Dollar Can No Longer Be The World's Reserve Currency

Source: https://www.zerohedge.com/news/2019-08-24/why-mark-carney-thinks-dollar-can-no-longer-be-worlds-reserve-currency
Published: Aug 24, 2019
Author: Tyler Durden
Post Date: 2019-08-24 22:33:01 by Horse
Views: 143

Everything the alternative media has warned about for years; all the outcomes other people have called "conspiracy theory", will soon be treated as "common knowledge"...


Poster Comment:

Carney is a Goldman Sachs man. The Dollar Dies. I think in two stages. First the dollar is devalued about 20%. And then finally, the dollar loses reserve currency status, wages and pensions are cut in half, we get Nationwide Food Riots and a Civil War unless we get Debt Cancellation and kick out 20 million illegals.

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#1: BTP Holdings    To: Horse (#0)

Mark Carney Thinks The Dollar Can No Longer Be The World's Reserve Currency

pensions are cut in half

The IMF has already moved from Washington, D.C. to Beijing, China.

This signals the end of Bretton Woods and a shift of currencies to China, who is supposedly planning a 40% gold backed Yuan. Just where they are getting the gold from is anyone's guess.

In Illinois, State Pensions have been forced to cut benefits by 20% because of poor investments by the pension fund. Similar results have been seen for other pensions in Illinois. ;)

BTP Holdings posted on 2019-08-25 02:43:47   Reply   Private Reply


#2: ghostdogtxn    To: Horse (#0)

ghostdogtxn posted on 2019-08-25 13:39:36   Reply   Private Reply


#3: Horse    To: ghostdogtxn (#2)

In stages. First, a 20% devaluation of the dollar before the elections. Then the loss of reserve currency status after the elections.

Horse posted on 2019-08-25 13:46:49   Reply   Private Reply


#4: BTP Holdings    To: Horse (#3)

In stages. First, a 20% devaluation of the dollar before the elections. Then the loss of reserve currency status after the elections.

It is already happening. The IMF has moved from Washington to Beijing and the Bretton Woods Agreement is dead in the water.

Not much longer before we see massive inflation like they saw during the Weimar Republic when it took a wheelbarrow of Deutschmarks to buy a loaf of bread.

And if the trucks stop running from the grocery warehouses there will be food riots too.

During the decline of the Roman Empire the people were clamoring for bread and circuses. ;)

BTP Holdings posted on 2019-08-25 14:44:24   Reply   Private Reply