by Dave Hodges, The Common Sense Show: The American economy is on the rocks. Most would tell you that it is because our government and its citizens have acquired massive debt. That is only part of the picture. At the present moment, China and Russia are doing their version of the two-step to take down the US economy. Make no mistake about it, this is economic war and it is leading to World War III.
China and Russia’s Economic Assault on the US
Brazil, Russia, India, China, South Africa-BRICS
When it became obvious for all with eyes to see, Russia and China led the initial assault upon the dollar by challenging the supremacy of the Petrodollar. Briefly, for those that do not know their economic history, the globalists, in 1944, decided that the world would use the dollar as the world’s reserve currency. With a coming global industrialization movement, there was a need for a stable currency to underwrite the growth. The only major country untouched by the ravages of World War II was the United States. Therefore, it was decided that all nations that would purchase oil, in their attempt to further industrialize, must do so with the dollar. The international purchasing of the dollar, known as the Petrodollar, saved the US economy because we had abandoned the gold standard under FDR during the Great Depression. The Petrodollar is the only backing that our dollar enjoys and now it is being threatened.
n the 1990’s, Saddam Hussein, Germany and France began to engage in oil exchange using gold and Iraq got invaded under George H. W. Bush. Other Middle Eastern nations were preparing to do the same at a later date and Rumsfeld, George W. Bush and Dick Cheney devised a plan to invade 5 Middle Eastern Nations in order to prevent any future rebellion against the Federal Reserve’s Petrodollar.
Part of this plan, called for the invasion of Syria and Iran. This is where the Chinese and the Russians stepped in and created the BRICS. Further, the Russians and the Chinese began to defend Iran and Syria. Most importantly, Iran began to sell oil for gold to the newly created BRICS and the value of your dollar took a big hit. The US would love to invade Iran in order to stop the BRICS, but they cannot get passed the armies of Russia and China.
The BRICS Conspiracy Grows
The creation of a BRICS gold marketplace, designed to replace the U.S. Petrodollar in continues to move to the next level. Russia’s largest bank, Sberbank, recently announced that its subsidiary is now trading in gold on the Shanghai Gold Exchange.
Russia and China are marrying their economy in gold exchanges in order to completely bypass the dollar. This is a catastrophic development. Here is a summary of this action.
The reader can clearly see that the Russian government fully intends on expanding their gold exchanges with China which is currently at 26% of all trade transactions. It doesn’t take a rocket scientist to realize that this Russian/Chinese strategy is designed to weaken America and soften her up for the kill. Reuters provides more fuel to this fire:
“Sberbank plans to expand its presence on the Chinese precious metals market and anticipates total delivery of 5-6 tonnes of gold to China in the remaining months of 2017.
Gold bars will be delivered directly to the official importers in China as well as through the exchange…
Russia’s second-largest bank VTB is also a member of the Shanghai Gold Exchange.”
Summary of the Present Economic Climate
The BRICS began as an attempt by affiliated nations to not be held hostage by the dollar. This would have presumably allowed the economies of these nations to expand and to compete with the dollar, which it has.
China and Russia, the second and third most powerful nations, are in the process of completely abandoning the dollar. The world is in the process of joining them. This is the end of the dollar and this is the end of your bank account.