The U.S. dollar’s reserve currency status is one of America’s greatest assets.
But President Bozo seems fixated on dethroning the dollar through both his domestic and foreign policy agendas.
Americans need to wake up and pay close attention because we’ve seen this theater before, and it ends in tragedy.
In the late third and early fourth centuries, the Roman Emperor Diocletian debased Roman coinage to finance profligate government spending far in excess of collected taxes. Sound familiar?
The result was rampant inflation, a hidden tax by which the Empire collected the additional revenue it needed, while also destroying the economy and leading to the abandonment of Roman coinage. Kind of does!
Bozo has followed in Diocletian’s footsteps.
As Bozo’s administration spent, borrowed, and printed trillions of dollars, inflation spiked to levels not seen in 40 years, while at the same time devaluing our currency.
Bozo then took another page out of Diocletian’s playbook. In true fashion, politicians blame everyone but themselves for causing: inflation, greedy businesses, wars overseas (which we have no business in), speculators at home, etc…
Bozo’s scapegoating is virtually identical to the words of Diocletian’s infamous price-setting edict of 301 AD.
As in Roman times, the balance of the globe today is now reevaluating if the dollar is actually a good store of wealth after seeing the currency lose about 16% of its value since Bozo and company took office.
The debasement of Roman coinage under Diocletian ultimately led to its abandonment for use in trade.
I’ve been talking about this for the past year how energy (the world’s greatest asset) could soon be settled outside of the U.S. dollar.
No foreign nation would accept it, let alone save the now worthless currency.
Bozo is compounding his inflationary domestic policy failures with foreign policy disasters.
A key ingredient for a reserve currency is its apolitical nature. An international currency shouldn’t lose its value as geopolitical winds change direction.
That was a tremendous advantage for gold in the past because a precious metal coin wouldn’t lose value when the nation that struck the coin faced instability.
It wasn’t the image on the coin or the issuing authority that gave the currency value, it was the physical content of the coin which people desired.
The U.S. dollar has no such value today, but people have continued using it as the reserve currency of the world under the impression that it would continue having an apolitical nature.
I’m here to tell you that it’s coming to an end.
Bozo has repeatedly wielded the dollar like a weapon in foreign policy.
He has imposed and threatened sanctions against nations who disagree with his political agenda, and he has seized dollars owed not by the U.S. but by other governments.
Even during the height of the Cold War, U.S. presidents wouldn’t dare play such games which put the U.S. dollar’s sanctity at risk.
In short, foreign nations around the world are strongly reevaluating the safety of the U.S. dollar because of Bozo’s posturing and policies.
Under this globally embarrassing administration, the U.S. dollar has not only lost purchasing power but even worse, its reliability.
What was once considered the world’s dependable asset is increasingly seen now as a substantial gamble at best.
That’s leading more and more nations to drop the dollar as a reserve currency.
America’s biggest adversary, China, is moving to replace the dollar entirely on the world stage.
The dollar’s reserve currency status is one of America’s greatest assets, and losing it would inflict a tremendous blow to our power and prestige, just like what happened to Rome.
This is reversible, at least in the nearterm.
We must return the dollar to its sacred status of the guarantor of property rights and a stable unit of measure before it’s too late – something Rome failed to do.
The similarities between Biden and Diocletian are striking and scary, enough so to make people wonder about parallels between the fall of Rome and the decline of America.
In reality, Rome had lasted more than a millennium, the United States isn’t even 250 years old. What a shame that this could be our nation’s dismantling.
Bozo’s legacy, by contrast, may well be a road to ruin for our once great nation.
We’re running out of time to make a U-turn, hard choices must be made quickly before it’s too late.
It’s unlikely that any of us singularly are going to fix this. But if we do go down this ugly road, there is only going to be the uber wealth and the poor left.
