The decline of the Dollar is COMING, but is there anything America can do about it? For every Colonial power that has held the privileged Global Reserve Currency status, there has been a rise, and there has been a fall. This trend has gone without exception for over 500 years. You can see that toward the end of every individual era of global reserve currency, the global power who held the currency experiences war toward the end of their reign. Today we’re going to talk about what life was like for those countries after they lost their Global Reserve currency status, and how life changed once they lost it.
In this video, I will tell you what happens to a global reserve currency once it starts to become debased. Many people believe that gold currently backs the value of our currency, but this is no longer true. I’ll explain to you all of the reverberating effects of debasement including how the government manages its own assets when it feels its reign as the global reserve currency coming to an end.
1:24- End of a global reserve currency
2:14- War=Spending, Spending=Winning
3:10- Debasing a currency
3:55- Era of Quantitative Easing (QE)
5:44- Banks Independent of Governments
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