Vladimir Putin: "The Dollar Enjoyed Great Trust Around The World. But For Some Reason It Is Being Used As A Political Weapon, Imposing Restrictions. Many Countries Are Now Turning Away From The Dollar As A Reserve Currency. US Dollar Will Collapse Soon." pic.twitter.com/03WunqgCDd— Ben Rickert (@Ben__Rickert) November 15, 2019
Zero Hedge: Vladimir Putin Sums Up The New World Order In 5 Words
Russian President Vladimir Putin succinctly summarized the shifting tectonic plates of geopolitics.
First he explained the status quo...
"The Dollar enjoyed great trust around the world. But, for some reason, it is now being used as a political weapon to impose restrictions."
Then Putin explained the consequences...
"Many countries are now turning away from the Dollar as a Reserve Currency."
And ultimately what happens...
"US Dollar will collapse soon."
And just like that, it was gone. Remember "nothing lasts forever"...
Read more ....
WNU Editor: Russian President Putin's prediction will take a long time to happen. The U.S. dollar as a reserve currency will lose its status if one of two things happen. If the U.S. continues to accumulate massive debts without growing its economy .... I predict that if current debt trends continue that will happen within 20 years. Or .... something better comes along (i.e. a better and more stable currency), which I do not see happening anytime soon (i.e. in the next decade or two). But Putin is right about this observation. President Trump has weaponized the U.S. dollar, and it is hurting those countries that are bearing the brunt of U.S. sanctions .... i.e. Iran, Venezuela, etc.. In my opinion. In today's world the dollar as a weapon is far more effective than the U.S. military, and President Trump is using it.
