It's Starting: Russians and Chinese Are Ditching the Dollar and Europeans Are Using Renminbi in Their Reserves | WHAT REALLY HAPPENED

It's Starting: Russians and Chinese Are Ditching the Dollar and Europeans Are Using Renminbi in Their Reserves

From the throne of the world’s reserve currency, the Federal Reserve, with the power to print the US dollar, feels dangerously omnipotent.

They can get away with just about anything. For now.

The central bankers get to print dollars and spend them at current prices, before the stuff hits the wider market and diminishes its overall value.

And for the time being they don’t really face any consequences. The whole world just absorbs it. Other countries really have no other choice.

But they’re getting tired of putting up with this abuse, and the unrest is growing. New alliances are being made, this time to dethrone the dollar.

Just this week yet another currency swap agreement was made between the Chinese and Russian central banks. This time for 150 billion renminbi.

Threatened by the growing strength of China and Russia, the US is actively working to vilify the two. Between the headlines of war, both cyber and military, the government is unsubtly trying to bring back the days of yellow peril and the red scare.

However, it can't use the same tactics on its longstanding ally—Europe.

Even the European Central Bank has started discussions on the possibility of including the renminbi as one of its reserve currencies.

And the euro and the renminbi are already directly tradable as of this month.

Webmaster's Commentary: 

It is not a question of IF the US dollar is going to fall and fail; it is a question of when.

And to attempt to prevent that, look for this country to enter into wars it most likely cannot possibly win, with an horrific cost in blood and money.

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