So ... banks are paying nothing for the right to use "your" money?
Right now the US dollar is the world’s dominant reserve currency. This gives the United States nearly total control of the global financial system.
In order to clear cross-border trade transactions, foreign banks HAVE to use the US banking system (which is controlled by the US government).
Further, rest of the world must essentially mirror US Federal Reserve policy.
But this power … and insanity … only lasts as long as the US dollar is the dominant reserve currency. And this is starting to change rapidly.
China’s renminbi is becoming much more widely accepted around the world for trade settlement; a number of foreign governments are now holding renminbi reserves and doing deals to promote trade in renminbi.
Even in the United States, renminbi payment business increased 327% last year, and the US is now the fifth largest offshore renminbi settlement center.
It’s no secret here, this is happening right under our noses. The financial system IS changing.
People who ignore this trend do so at their own financial peril.
Yet those who understand what’s happening and align themselves accordingly stand to make fortunes.
The Weimar Republic’s episode with hyperinflation in the 1920s is a great example.
Despite all the warning signs, most people did nothing … and they got wiped out.
A handful of people, though, saw the writing on the wall. They took steps to safeguard what they had. And they allocated their investment capital to bet that the currency would collapse.
They were right. And vast fortunes were created in a matter of months.
Throughout history there’s always a handful of people ahead of the trend. And they’re rewarded for their foresight.
Right now we’re in the very early stages of a similar transition– arguably one of the most important economic transformations since the Industrial Revolution.
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I am not in the business of giving financial advice. But clearly a transformation is in progress. That's what this coming war with Russia is all about. And those of us who do nothing to prepare for it will be wiped out.
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