LOUIS FARRAKHAN - The Future of The US Dollar. Is It Worthless ?

LOUIS FARRAKHAN - The Future of The US Dollar. Is It Worthless ? Throughout history there have been 775+ fiat currencies backed by nothing. Not ONE has survived the test of time, with the average lifespan being 27 years after huge price devaluation of said currencies. The only currencies that have held their value over 100s of years have been hard currencies backed by gold. China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. The central bank of China has decided that it is "no longer in China's favor to accumulate foreign-exchange reserves". For years, China has been systematically propping up the value of the U.S. dollar and keeping the value of the yuan artificially low. The death of the dollar is coming, and it will probably be China that pulls the trigger. What you are about to read is understood by only a very small fraction of all Americans. Right now, the U.S. dollar is the de facto reserve currency of the planet. Most global trade is conducted in U.S. dollars, and almost all oil is sold for U.S. dollars. More than 60 percent of all global foreign exchange reserves are held in U.S. dollars, and far more U.S. dollars are actually used outside of the United States than inside of it. The Obama administration was serious enough about manufacturing a high-value platinum coin to avert a congressional fight over the debt ceiling that it had its top lawyers draw up a memo laying out the legal case for such a move, The Huffington Post learned last week. HuffPost submitted the FOIA request when there was increased speculation about the use of the platinum coin option ahead of the debt ceiling crisis this fall. Under the compromise reached between the House and Senate following the government shutdown, the U.S. will hit the debt ceiling once again on Feb. 7, though the Treasury can use extraordinary measures to extend that deadline. "louis farrakhan" usd dollar u.s. "united states" usa america "federal reserve" elite power control "royal family" family money cash history historic future ww1 debt "borrow money" loan "interest rate" "credit card" credit "credit line" sleep "wake up" 2014 ww2 ww3 crisis collapse europe euro "payday loan" gold japan "gold trading" "sell gold" "buy gold" "silver coin" "silver eagle" "u.s. citizen" bonds profit p2p bitcoin litecoin china "great britain" "united kingdom" entertainment "bank account" savings "agenda nwo" bankrupt ron paul rand paul alex jones infowars lindsey williams global currency reset gold standard silver standard fiat currency median of exchange korean war vietnam war middle east israel treasury bonds safe foreign government collapse of america opec news media truth agenda toll booth sold spain Supporters of the platinum coin option say that under a 1996 law allowing the Treasury Department to mint a platinum coin in any denomination, the president could order the manufacture of, say, a $1 trillion coin that would be deposited in the Federal Reserve. The Treasury Department would then use the platinum coin funds to meet government obligations without the need for Congress to grant any additional spending powers.

Comments

1. Yes, the US dollar is worthless and the collapse is inevitable.  The Fed is printing money to keep these criminal banks afloat and funding these stupid wars.  The Fed is going to print money forever that is back by nothing.  How much longer will China, Iran and Russian continue to use this worthless money before they drop the US dollar.