by Brandon Smith, Alt Market:
For many years now I have been talking about the growing global economic divide between East and West. This volatile opposition between the BRICS nations and the US is not a product of the Trump era. It has been decades in the making with a myriad of complex working parts and numerous US trading partners have been preparing for the fallout as far back as 2008.
At the same time behind the scenes there have been malicious influences at play: Special interests within the Davos community have been working diligently to undermine the US economy and the dollar. But what is the ultimate aim of this agenda?
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In 2018 I published an article titled ‘World War III Will Be An Economic War’ – In it I outlined the basic mechanics of the East vs West paradigm and how banking institutions like the IMF and BIS were positioning to take advantage of the chaos. At the time, the “trade war” witnessed a kind of false start, but all the pieces were there for what we are seeing today. Don’t let the 90 day pauses on some tariffs fool you, economic decoupling is going to be the dominant theme of the decade and the tariffs will undoubtedly spring up over and over again.
Trump’s incredible return to the White House sets the stage for the end of globalism (and that’s a good thing), but I want to make it clear that the pitfalls are numerous and the establishment could try to use the end of the old world order to bring in their “new world order”.
In 2018 I noted:
“The bottom line is this: Russia and China are in full support of globalist controlled institutions like the Bank for International Settlements (the central bank of central banks) and the International Monetary Fund (IMF). The governments of both nations have called for the IMF to assert their Special Drawing Rights basket currency framework as a foundation for a new world reserve currency system. Again, both Russia and China want the IMF, a globalist controlled entity, to become the de facto ruler of a new global monetary structure…”
“With the rise of simple to generate cryptocurrencies and the easily tracked blockchain exchange mechanism, globalists now have the perfect liquidity tool for replacing the dollar as world reserve. All they need now is a crisis event to provide cover for the transition…”
“…It would appear that a crisis event is now being triggered in the form of an international trade war. This trade war, in my view, is designed to become so widespread that it will one day be considered a “world war.”
As I’ve mentioned many times, the dollar’s world reserve status, instituted with the Bretton Woods Agreement in 1944, has long been America’s Achilles Heel.
The US technically enjoys an enviable trade advantage as well as a monetary stimulus advantage because the dollar is used in the majority of international transactions. This means the Federal Reserve can print dollars with wild abandon and most of them will be absorbed overseas by foreign banks, governments and corporations. In this way, the dollar is already a kind of beta test for a one world currency.
However, the Bretton Woods Agreement came with a series of caveats, some of them unspoken. For the “privilege” of controlling the reserve currency, the US is expected to financially backstop allies as well as provide the vast majority of military support for NATO. The revelations behind the DOGE audits alone show an endless flood of dollars from American taxpayer funds into a vast array of subsidies for foreign governments. Americans has been paying for everyone and everything.
You know those supposedly amazing social welfare and healthcare programs in Europe? Yeah, we make that possible through billions in foreign aid to the those countries along with hundreds of billions spent on defense so that Europeans can sleep easy at night.
The situation is even worse when we consider how many trillions of dollars were created from thin air by the Federal Rserve and transferred overseas after the crash of 2008. Not to mention the trillions poured into foreign economies during the pandemic. In the meantime, relentless money creation is finally catching up to us in the form of a stagflation crisis. The dollar system, as we know it, is precariously unstable and more stimulus is not going to save it.
