by theluckycountry » Sun 12 Nov 2023, 19:36:25
Yes, well the Deagel forecast is for these events to occur by 2025, so we don't have long to wait to see the outcome of it. As for the $US reserve currency, the article made no mention of it, and there is no reason It can't still be used in the impoverished Western nations, in much the same way as the British pound sterling was used by it's colonial subjects for a period after it's fall from grace. $this->bbcode_second_pass_quote('', 'T')he United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century. That status ended when the UK almost bankrupted itself fighting World War I and World War II and its place was taken by the United States dollar.
The forecast shows a clear divide though between the US and it's satellites, and what has emerged as the BRICS nations. Now that's interesting given the events of the last two years isn't it. The resource rich BRICS nations are poised to switch to their own reserve, not based on Oil or Chinese Renminbi or Rubles, but on the Gold all of them have been stockpiling for decades now. Even Singapore has amassed a fortune in Gold, and as history shows, when a reserve currency collapses the nations always go back to Gold. The $US only achieved reserve status in the first place because it was backed by Gold, but that became a problem in 1970 when the French demands for settlement in said Gold forced the US to default and abandon Gold backing. It was too late to escape the system by then as the Dollar was entrenched, and every nation had no choice but to go along for the ride.
It's quite clear the BRICS have a plan to instigate this same Gold system between themselves. They are just waiting for the right moment. With Gold there is no need for trust between nations. The trust is in the Gold itself. All these dots have been clearly laid out but the average person has ignored them. Why have these BRICS countries been stockpiling gold whereas the West has been selling it? There seemed no reason 15 years ago but It's logical now once you connect the dots.
All the Western nations are so bankrupt that the term lacks meaning. To reconcile their books would require a wipe-out of much of their SS systems as well as the majority of the stock market and housing market values. People can't imagine this because they have grown up in these bubbles but the fact remains that by all historical measures these valuations are insane. The USSR system was very similar in respect to pension and housing obligations and the restructuring was long and painful. The West has to go through a similar rational awakening, and looking at the current effects of the higher interest rates in the 'West' it's certainly on the horizon.
I'm sure if you had gone to an average citizen of Russia before the collapse and told them what was coming they would have laughed in your face, such is the power of shared delusions.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.