So true no conspiracy whatsoever.....
Unfortunately so many people don't understand why it's happening.....
Despite the wreck of the US economy and the astronomical $19 trillion public debt of Washington, the dollar still makes up large portion central bank reserves. The largest holder of US debt is the Peoples Republic of China, with Japan a close second. As long as the dollar is “king currency,” Washington can run endless budget deficits knowing well that countries like China have no serious alternative to invest its foreign currency trade profits but in US Government or government-guaranteed debt.
In effect, that has meant that China and other countries like Russia has de facto financed the military actions of Washington that act to go against Chinese or Russian sovereign interests, to finance countless US State Department Color Revolutions from Tibet to Hong Kong, from Libya to Ukraine, to ISIS in the Middle East and on and on and on…
China and others want an end to the tyranny of a broken dollar system that finances endless wars on other peoples’ borrowed money with no need to ever pay it back. The strategy is to end the domination of the dollar as the currency for most world trade in goods and services.
The dollars in worldwide circulation rose by some 2,500% between 1970 and 2000. Since then the rise has clearly brought it well over 3,000%. Without a legal requirement to back its dollar printing by a pre-determined fixed amount of gold, all restraints were off in a global dollar inflation.
So long as the world is forced to get dollars to settle accounts for oil, grain, other commodities, Washington can write endless checks with little fear of them bouncing, stamped “insufficient funds.”
Is it no wonder these countries want to distance themselves from the USD?....
