The United States Dollar, the trusted foundation of the world’s financial system, is under attack from all directions. There are many reasons. One, the reckless policies of the left and their never-ending Trump Derangement Syndrome. Two, the sinister intentions of Communist China to bring America to its knees and ignite a global financial crisis.
The U.S. dollar, the bedrock of the global economy, has been showing distressing signs of a continuous decline, sparking fears of an impending recession. The Charles Schwab report revealing a decline of 8 to 10 percent in both real and nominal values of the currency since late last year is merely the tip of the iceberg.
The Washington Post identifies two pivotal reasons behind this slump – a phase of monetary policy change with steady inflation and an unsteady job market. However, there is another more catastrophic aspect not given adequate attention. The U.S. dollar is slowly losing its global dominance, not just through America’s own policies but also due to the deliberate machinations of Communist China.
The decline of the dollar has been on an alarming trajectory for the past few months. As the world’s reserve currency, its loss of value impacts not only the American economy but also the global market. The current administration’s hard-line stance on interest rate hikes and economic policy has left monetary change in a precarious situation.
While the Federal Reserve is indicating a pause, widespread speculation hints at interest rate cuts looming on the horizon. This uncertainty is creating a ripple effect whose consequences can’t be estimated until we’re caught in the middle of it.
Added to this is the issue of high joblessness and layoffs. The job market reports are a solid indication that interest rate hikes are dissolving. The central problem is the debt ceiling, as the Treasury Department adopts unprecedented measures to prevent the country from defaulting on its obligations after it reached the debt limit in the early part of this year.
Republicans and Democrats are negotiating to decide the dollar’s future. If the U.S. government falls apart or fails to come up with a solution quickly, it may be too late to prevent the currency from going under.
However, it’s not just the American government’s missteps that are causing the dollar’s demise. Communist China is trying its level best to destroy the dollar’s global hegemony. Reports say that China intends to internationalize its currency, the yuan, in order to dethrone the dollar as the world’s reserve currency.
All signs indicate that the move is already in motion. Brazil and China recently agreed to trade using their local currencies, effectively bypassing the U.S. dollar as a mediator. If this continues to escalate, the dollar’s decline and ultimate demise might be inevitable.
The possibility of Communist China dominating the global market is a more frightening scenario than we imagine. The country’s plans are to establish a world economy that is less reliant on the dollar and expand its communist influence globally. The ramifications of such a plan are unimaginable, with a possible currency war looming on the horizon. It is crucial that the United States recognizes the danger and takes swift action to counter the threat or we can kiss our way of life goodbye.
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