How The Fed Will Usher In Its “Miracle” Banking System Under Guise of Protecting You May 1, 2023 Unipro2013main Bankingcrisis, World Economy </p> <h2>Its “Miracle” Banking System</h2> <p> The de-dollarization is “a watershed moment,” says Matthew Piepenburg, partner at Matterhorn Asset Management. “The world’s reserve currency is not going to change,” he continues, highlighting that the U.S. dollar accounts for 60% of the global currency pool. As a result, he claims what’s changing is “the hegemony, the respect, the trust for the U.S. dollar as a payment system.” Additionally, he argues that BRICS countries began trading with each other using alternative currencies because the Fed’s interest-rate hikes made the US dollar too expensive. “Foreign treasuries and foreign nations have been dumping U.S. treasuries throughout 2022… $14 trillion in foreign debt has to be paid in U.S. dollars,” he continues. “The fiat game is not sustainable. This debt game is not sustainable… You can’t keep solving the debt problem with more debt,” he concludes. Matthew says FedNow and other central bank digital currencies only serve to expand the government’s control.<br /> <br /> Credit to : Stansberry Research</p> <p> Please support our Sponsors here :
