Dumped By The Whole World

Here is a dire warning from Brandon Smith:

I believe the pace of the trade war will dictate the pace of the de-dollarization shift. The more aggressive that tariffs become between the U.S. and the group of China, Europe and Russia, the faster that already existing alternative systems will be implemented. Currently, the speed of the U.S.-China conflict suggests a move away from the dollar and into an international basket of currencies by the end of 2020, with the process taking approximately another decade to become concrete.

With current tariffs encompassing at least half of Chinese trade, and the other half under threat if China retaliates in any way, I believe that it is only a matter of months before China uses its own dollar and treasury reserves as a weapon against the U.S. But do not expect Europe to come to the aid of America if this happens. To me, it seems to be clear from the EU’s recent behavior that they plan to remain neutral, at the very least, during escalation, if not fully side with China and Russia out of economic necessity.

Preparing for this event requires as much financial independence as possible. This means tangible alternatives to the dollar, like precious metals, and localized economies based on barter and trade. Once the dollar loses world reserve status, the transfer of price inflation into the U.S. will be immense. Dollars held overseas will come flooding back into the country, as they will no longer be needed for international exchange of goods and resources. This switch could occur very quickly, like an avalanche.

Do not expect much of a warning before foreign creditors dump dollar-based assets, and do not expect a large window of time before the negative effects are visible on Main Street.

You can read the rest @
https://www.birchgold.com/news/the-world-is-quietly-decoupling-from-the-us

In other words, Trump's apparently distaste for "globalism" will drive us into the Second Great Depression AND hasten the advent of a global monetary system.

Is that what you voted for?