Yet another attack has been levied against the United States dollar as the world reserve currency, as China recently offloaded $53.3 billion worth of treasury and agency bonds in the first economic quarter, in a move that further exemplifies their ambitions to diversify their holdings.
The move comes at a time when the Biden administration recently announced new sanctions and tariffs against China.
Bloomberg noted in a report: ‘China’s investments in the US are garnering renewed investor attention amid signs that tensions between the world’s largest economies may worsen. President Joe Biden has unveiled sweeping tariff hikes on a range of Chinese imports, while his predecessor Donald Trump said he might impose a levy of more than 60% on Chinese goods if elected.’
At the same time China and other allies have been buying record amounts of gold, rising to 4.9% of their entire holdings in April, an historic high.
Gita Gopinath, first deputy managing director of the International Monetary Fund, said in a speech earlier this month: “This suggests that gold purchases by some central banks may have been driven by concerns about sanctions risk,” she said.
SEE: IMF Chief Calls US Debt Load ‘Mind-Boggling,’ Says It Can’t ‘Go Like This Forever’
Claudio Grass, an expert on monetary history, economics and an independent precious metals advisor based out of Switzerland, told Sputnik in a statement:
Gold outperformed USD bonds by 75% since 2020. In addition, the USD has been used for decades already as a political weapon and with the arbitrary confiscation of assets due to pressure from the US government, the Chinese seem to be aware of the risk that their property could also be confiscated at any time.
By now it should be obvious that the US government is the world bully today.
In addition, there is the BRICS alliance which is gaining track and challenging the current world order. Also, emerging markets are buying up the gold because of these geopolitical changes and uncertainties. On top of it, they contribute today almost 50% to the world GDP vs only 19% in the year 2000; there is more capital available to exchange for physical gold.
[… This] will lead to the collapse of the USD and the current system. It is obvious that the Western civilization is being destroyed by their own corrupted and rotten political system and its rulers. The renewed politically enforced separation of the East and the West will lead to turmoil and chaos.
Also, it should be noted that Belgium, ‘often seen as a custodian of China’s holdings, disposed of $22 billion of Treasuries during the period,’ Bloomberg reported. This shows that other nations, even in the case of U.S. allies, are starting to dump their holdings of U.S. debt as well.
AUTHOR COMMENTARY
Trump started the trade war with China, Biden continued it, and now both administrations have made it clear that they are vastly going to ramp up this new Cold War 2.0, in the words of senior officials in the Trump administration. They both spin their rhetoric and propaganda differently, but it’s the same agenda. SEE: Cold War 2.0: Biden And Trump Are Both Determined To Fight A New Cold War With China, Officials Calling For ‘Cold Warriors’ And Militarily Toppling China
Proverbs 25:18 A man that beareth false witness against his neighbour is a maul, and a sword, and a sharp arrow.
Moves such as this hardly get any real attention but its ramifications are important; and when you are constantly levying false accusations and threats it should come as no surprise that other countries are going to move away from yours. De-dollarization is only ramping up and this trend will continue to accelerate this year and especially into 2025.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
My guess is that this de-dollarization can probably never be reversed as these countries, bad as they are will no longer trust the American Marxist government that thinks it rules the world
Also, this fallacy of everyone buying gold. Note that ONLY the gold purveyors want you to buy this stuff but what good is it really because you cannot spend it unless people will take it. Then you have to start cutting into small pieces and hopefully save the gold dust resulting from the cutting.
Also, everyone will want to offload it at the SAME time and you don’t think these gold sellers will start scalping you big time on commissions if they are even willing to buy it back in currency. YEAH RIGHT. DREAM on. Ammunition, freeze dried food, drugs and USABLE items will be far more valuable than bars of gold if the SHTF. I LOVE the guy CONSTANTLY on Info Wars, seems he is a regular now and likely pays for his air time to help Alex Jones. That is well and good, but what will this guy do when the SHTF. You would think he would hoard a the gold he can instead of selling off for dollars. GIVE ME A BREAK
I’ll be talking about gold and precious metals in future reports in how it relates to the coming collapse and new monetary system. I’m not anti-gold but I do agree though necessities to live on and barter with will have more value.
Proverbs 11:4 Riches profit not in the day of wrath: but righteousness delivereth from death.
Oracle is correct; de-dollarization cannot and will not be reversed. As should be obvious to all readers by now, while there is some friction and disagreement about exactly who will own and operate the coming “One Ring to Rule Them All” (digital ID/currency), that this is the agreed upon plan by the Masonic-Luciferian banksters which practice gnosticism and esoteric Judaism (New Age religion of the New World Order).
And while it is certainly prudent to secure food and supplies to weather the coming collapse, Christians ultimately need not fear the time when “a loaf of bread will buy a bag of gold” (a song paraphrasing Revelation 6:6-8). Because this period of time is the Great Tribulation, the “time of Jacob’s trouble” for which the church, as the bride of Christ, will be caught up prior to.
But because God is long-suffering, it stands to get a whole lot worse before it gets a whole lot better. While we wait and look for the blessed hope of our Lord in the Rapture, He may even allow us to remain through the initial establishment of the one-world currency system.
But there is absolutely no political solution to “save America” (Ps. 118:8-9). God will fulfill His Word to judge all nations. Therefore, all believers should be letting go of America—a nation lost and under judgment—and turning their eyes upon Jesus, “looking for and hastening to the coming day of God” (2 Pt 3:12).