Is the Fed preparing to topple the US dollar? — Puppet Masters — Sott.net

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09/01/19

 

“Excellent article on the plan by globalist central bankers to ditch the dollar as the worlds reserve currency to be replaced by a basket of currencies then ultimately digital block chain currency resulting in a cashless society. They also want what they are planning to do to affect the 2020 elections i.e. to insure Trump is not re-elected. Some very interesting times ahead indeed!”  Admin

 

Unusual remarks and actions by the outgoing head of the Bank of England and other central banking insiders strongly suggest that there is a very ugly scenario in the works to end the role of the US dollar as world reserve currency. In the process, this would involve that the Fed deliberately triggers a dramatic economic depression. If this scenario is actually deployed in coming months, Donald Trump will go down in history books as the second Hebert Hoover, and the world economy will be pushed into the worst collapse since the 1930s. Here are some elements worth considering.

Bank of England speech

The about-to-retire head of the very special Bank of England, Mark Carney, delivered a remarkable speech at the recent annual meeting of central bankers and finance elites at Jackson Hole Wyoming on August 23. The 23-page address to fellow central bankers and financial insiders is clearly a major signal of where the Powers That Be who run world central banks plan to take the world.

Carney addresses obvious flaws with the post-1944 dollar reserve system, noting that, “…a destabilizing asymmetry at the heart of the IMFS (International Monetary and Financial System) is growing. While the world economy is being reordered, the US dollar remains as important as when Bretton Woods collapsed.” He states bluntly, “…In the longer term, we need to change the game…Risks are building, and they are structural.” What he then goes on to outline is a remarkably detailed blueprint for global central bank transformation of the dollar order, a revolutionary shift.

 

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