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There’s an international effort to overthrow the U.S. dollar as the world reserve currency.
“The dollar is finished as the world’s reserve currency,” Richard Bove told the New York Times in a recent interview, days after he announced his retirement.
Debt, reckless foreign policy, and the malicious intent of our adversaries threaten the dollar as the world’s reserve currency.
Until our leaders live within the limits of economic reality by living within the means of real, actual wealth, there’s no point in adopting a gold standard.
Analysts say this week’s summit of the BRICS countries—Brazil, Russia, India, China and South Africa—in Johannesburg will herald the creation of a gold-backed currency to rival the U.S. dollar. BRICS wants freedom from traditional, “Western-dominated structures” such as the International Monetary Fund and the World Bank.
Popular podcaster voices concerns that a central bank digital currency could be forced on Americans.
