MIDNIGHT IN AMERICA PART V By Dylan Jovine (Go to Part I to read...

MIDNIGHT IN AMERICA PART V

By Dylan Jovine (Go to Part I to read first)

Crack #4:
The Stunning Pace of “De-Dollarization”
Economic crack number four is “de-dollarization.”

I want you to take a look at this picture as we move into crack number four.

On the right is China’s currency, the Yuan. On the left is the dollar.

China has one goal: replace the U.S. dollar as the world’s reserve currency.

And they’re getting closer to that goal each day.

In February, they got Iraq to ditch the dollar for trade.

In March they got Brazil, the largest economy in South America, to ditch the dollar for trade.

In April, they got Argentina to ditch the dollar.

Now they’re going after Saudi Arabia.

Now the “elites” have been saying this could never happen.

But this is happening.

And it’s happening right now. In real time.

Make no mistake about it: this is economic warfare.

And it’s about to get worse.

If the U.S. dollar lost its place as the world’s reserve currency, it would launch a “Dark Ages” for America.

Certain stocks could drop by 80%.

Inflation would soar, leading to a massive drop in bonds.

Certain money market funds could become almost worthless – virtually overnight.

In other words, many investments that you and your family depend on for your retirement – will no longer be safe.

Former President Trump has said it would be a disaster.

Billionaire Sam Zell estimated that it would reduce our net worth by 25%.

Elon Musk said that without the dollar as the world’s reserve currency, we’d be in serious trouble.

Any one of these four economic cracks in our foundation could send the U.S. economy into a tailspin.

But taken together, they pose the greatest economic danger the United States has faced since the Great Depression.

Though the coming collapse will devastate millions of Americans, there’s no reason for you and your friends and family to get crushed by it.

Now let’s take a look at crack number five.