Truth Toolbox

Trumps Prediction:

Donald Trump Warns US Economy Is Facing 'Much Bigger Problem Than Recession' — 'We'll Have a Depression'

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What caused the great depression?

"The Federal Reserve System, created in 1913, was supposed to ensure the nation’s economic stability by controlling the money supply. But the still-new institution’s policies in the 1920s not only failed to stop the Great Depression, but actually may have helped to cause it."

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Where are we now in history?

History of the Federal Reserve System

"The Federal Reserve System is the third central banking system in United States history."

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What Is the Petrodollar?‍

"U.S. dollar is the standard currency used to pay for oil globally, prompted by an agreement between the U.S. and Saudi Arabia in 1945."

"The petrodollar came into existence following the elimination of the gold standard."

"The United States uses the power of petrodollars to enforce its foreign policy. But many countries don’t fight back. They are afraid it would mean the collapse of the petrodollar system."

"China called for a replacement of the U.S. dollar as a global currency."

"Will these rogue attacks cause a dollar collapse? No, at least not for the near future. That is because there is no alternative."

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Is there an alternative now?

~~~BRICS is the alternative~~~

Brazil, Russia, India, China and South Africa (BRICS)

Africa’s largest natural gas exporter Algeria sparks interest in joining BRICS

Argentina Says Has China's Support to Join BRICS Group

Sisi advances Egypt's bid for BRICS membership

Iran applies to join China and Russia in BRICS club

Saudi Arabia, Turkey, Egypt may join BRICS soon

Nigeria May Join BRICS in Future, Ambassador in Moscow Says

List of countries by oil production

#2 Russia
#6 China
#7 India
#9 Brazil
#88 South Africa
#17 Algeria
#28 Argentina
#26 Egypt
#24 Iran
#3 Saudi Arabia
#47 Turkey
#14 Nigeria‍

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Food For Thought:

Turkey joining BRICS could be ‘serious shock’ for US & EU

BRICS New Development Bank Threatens Hegemony Of U.S. Dollar

BRICS Could Create Its Own Reserve Currency

An out-of-touch G7 could lose global leadership to BRICS

Is BRICS a Threat to the Dollar?

BRICS Seeks to Elbow Dollar Out of International Trade

China's trade with other BRICS nations grows 14.1% in H1, as trade network expands

BRICS In The New World Energy Order: Hedging In Oil Geopolitics

More countries knocking on BRICS’ door a sign the world needs fairer governance than West-dominated one

Brazil, India, and China's rush to buy Russian energy shows Putin still has strong allies who can prop up Russia's economy

Great Power Conflict Fuels BRICS Expansion Push

Russia And Iran Experiment With Stripping Dollars From Their Bilateral Trade

My Thoughts:

Do you see where this is going?
The US dollar is tied directly to oil.
That tie to oil is disappearing before our eyes.
It's not backed by gold or any other commodity.
It's not worth the paper it is printed on.

Central banks don't appear to last very long, and it seems this one has reached the end of its lifecycle.