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.