Business Insider came out with a report day before yesterday that went into detail regarding, not just the continuing replacement of the dollar as the global reserve currency, but that it is accelerating. And that ain’t good news for the US…and that means us, you and me…and our families.
1st quarter 2023 saw historic use of the Chinese Yuan:
- In currency swaps.
- Foreign central banks purchases for their reserves.
- Chinese purchase/sales contracts.
- In the purchase of oil between countries.
And here is a very interesting data point…the Chinese Yuan has surpassed the US Dollar in transactions involving China and foreign countries.
As if those items weren’t disturbing enough…a notable number of foreign central banks have significantly increased their gold purchases.
This information was confirmed by Bloomberg. Bloomberg also referred to the Yuan replacing the Dollar as a ‘jump’.
Very recently I reviewed food inflation since the beginning of the year. There are a couple of common grocery items have come down in price in the last month or two. However, overall all common grocery items are up 15 – 40% since January 1. Gasoline is up as well…but is not at the levels we saw last year.
Why is this important?
As the dollar continues to lose its status as both the world’s reserve currency and the ‘petro-dollar’ status it hurts us here at home. The US Federal Reserve, in conjunction with the US federal government, are actively working to destroy the US economy by destroying the US Dollar. I have talked about this in detail…crash the economy, replace the dollar, track everything about everybody…and exercise virtually unlimited control over purchases/sales to/from US citizens.
You must take this seriously…you must prepare for the change, massive change, coming to the US economy.
Related Articles –
- Critically Important SitRep – Part #1
- Critically Important SitRep – Part #3
- ! WARNING ! Do you have your emergency cash fund? (3/12/2023)
- SVB – Banks – Failure – Update (3/13/2023)
- Another Bank Failure…more troubling signs… (3/14/2023)
- More on the bank failings… (3/17/2023)
- Banking Failures…the tip of the iceberg… (3/21/2023)
- My head wants to explode…
- Just be Careful
- The Fallacy of “Month-Over-Month” Inflation Numbers
- Massive (un)Employment Problems!
2009 - 2023 Copyright © AHTrimble.com ~ All rights reserved No reproduction or other use of this content without expressed written permission from AHTrimble.com See Content Use Policy for more information.
I think the best piece of advice I’ve seen lately is the need to develop our own parallel economies. Network – find people with skills or products you need -develop your own skills – barter. As much as possible, stop participating in the Beasts economy. Going to take a huge paradigm shift – a true instance where progress means going backwards. I love the meme that says Grandma survived the Great Depression, because her supply chains were short and she knew how to do stuff. Yup.
LikeLiked by 2 people
Bingo! Excellent advice!!!
Here are a couple articles referencing just that…
SitRep – 10/19/2022 – Dire Warning !
Critically Important SitRep – Part #5 (4/7/2023)