Russia and China Strengthen Their Alliance, Weakening the US Dollar in the Process

Posted: October 13, 2017 in Uncategorized

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US dollar steadily losing strength as world’s reserve currency as Russia and China trade in other currencies.

peoples trust toronto

Russia and China Strengthen Their Alliance, Weakening the US Dollar in the Process

Written by Nathan McDonald, Sprott Money News

Russia and China Strengthen Their Alliance, Weakening the US Dollar in the Process - Nathan McDonald

Month after month, year after year, the mighty King Dollar is slowly being weakened, its monopolistic grip as the fiat reserve currency of the world steadily lessening. To many, this reality passes them by, as they are blissfully ignorant to the facts, living their lives without knowing the true ramifications that this will have on their lives.

People have simply taken for granted the reality that they live in and the power that comes along with having the unique status of “reserve currency of the world”. This has granted the United States the ability to expand its empire and military might, despite the fact that it is utterly bankrupt, with its debt levels just recently exceeding the stunning $20 trillion mark. This is a debt that will never be…

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Comments
  1. futuret says:

    VERY INTERESTING DETAIL, IN THAT I DO NOT HEAR OR SEE ANY AMERICANS ON THE STREET, STORES, ESTABLISHMENTS, ETC…TALKING ABOUT THIS ISSUE, IT IS LIKE IT IS NOT HAPPENING AND THEY DO NOT KNOW ABOUT IT. I KNOW ONE THING, THERE IS GOING TO BE ONE HELL OF A TSUNAMI OF HOMELESS CROWD, AND YET THEY STILL THINK THAT OBAMA AND TRUMP IS IN SOME WAY THEIR messiahs. WE STILL DO HAVE SOME PIZZAS, BEER, AND BURGERS. I FEEL LIKE I AM LIVING IN A TWILIGHT ZONE WITH MOST OF THESE PEOPLE, THEN AGAIN IN MANY CASES I AM A LONER.

  2. Isn’t it, though, futuret? The US economy is steadily declining in relation to the rest of the world – I think this is definitely a major factor behind the drop in living standards. You’re right, though. The majority of Americans have no idea it’s happening.

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