For this reason, God sent them a strong delusion so that they should believe a lie.
2 Thessalonians 2:11
Vince Dhimos answered a question at Quora.
What would happen if the Chinese decided to abandon the dollar and work with India and other countries to establish the Yuan as an alternative or competing reserve currency?
Vince Dhimos, Editor-in-Chief at New Silk Strategies (2016-present)
China and Russia have been working for years to de-dollarize world trade, with mixed results. While most countries are sceptical about the yuan, there is some very serious thought in various parts of the world about ditching the dollar. And in fact, India is one of those countries that now used their own and other local currencies in international trade settlements. Iran has an iron-clad policy of zero dollar use in trade. The recent increased use of the dollar as a weapon to impose sanctions, even now that the affected populations need medicine and food more than ever, is highlighting the utter cruelty of the US regime and the need to dethrone the dollar at all costs. It’s not a game, it is a matter of life and death. This pandemic period has presented the world with a real opportunity to see through all the media lies and obfuscation and to contemplate what has suddenly happened to them and why. No one can argue with hunger pangs and no propaganda campaign, no matter how clever, can paper over hunger. Trump’s one-time allowance of only $1200 amidst a pandemic that could go on for years shows his utter disdain for the poor. Just as he has sanctioned millions of people abroad, he is now sanctioning the American poor in much the same way. The fate of the US dollar is in the hands of billionaire Federal Reserve bankers who clearly despise the poor and are printing up trillions mostly for distribution among people just like them who have never worked a day in their lives and have been sucking the life blood out of poor workers since the inception of the Fed in 1913. No one seemed to notice then or seems to notice even now that the US Constitution clearly states, in Article 1, Section 8, Clause 5: Congress shall have the power “To coin Money, [and] regulate the Value thereof, ..” but in 1913 Congress betrayed its voters and handed this fundamental constitutional power over to a pack of thieves who in less than 20 years ushered in a Great Depression through their foolish policy of easy money to stock market speculators. This was the first symptom of the government’s and the Fed’s predilection for financializing the economy, and this obsession with financialization is precisely why you’re hungry. Unlike Russia and China, which have reserves stashed away for such emergencies as COVID-19 or a depression, the US has full faith and trust in the printing press. Just as Trump today touts a dangerous stock market bubble as a sign of economic prosperity, they too thought that they could somehow make America prosperous by raising stock prices through the roof. The depression was a lesson for America but, like all such lessons, was never learned. Because America is collectively deluded. Neither the grassroots nor the elites have so far gotten any wiser for this experience, and the deluded people continued to trust the fox to guard the hen house. Contrast this dangerous aberration to Russia and China, where people recognize that finance and economics are two separate entities and no one would ever think of using raw finance to build the real economy. Because that is impossible, as we are seeing now with our own eyes and without the prism of delusional financial journalism.
Yet even that horrendous depression failed to wake up the masses, who instead of throwing out the thieves, looked to them for help to solve the crisis of their own making.
There will be no substantive change in America until the thieves are finally utterly overcome and thrown out.
This pandemic is the best opportunity to do this. For decades, financial “journalism” kept telling the public that the Fed would fix all the problems, even the 2008–9 Great Recession that they had helped create, again, with easy money, this time for mortgages. Still, the public trusted them when they fired up the printing presses and made counterfeit money to “solve” the crisis. And yet economists admit that the Great Recession never went away in all that time. But the public believed the propaganda and managed to convince themselves that the counterfeiting operation was a success.
But now here we are as a result. You can feel the hunger pangs, and hunger is stronger propaganda than any of the lies the liars in the msm can tell you. Perhaps this time around Americans will see the abject failure of their system, their Fed, their Congress, their “democracy.”
One of my interlocutors at Quora wrote that when the current scoundrel is thrown out in November, that will show the world the beauty of “democracy.”
I reminded him that this would be another exchange of one empty suit for another, and that this exchange of one scoundrel for another is in fact the essence of American democracy.
After all, Biden is not the anti-Trump many have awaited, far from it. Trump endangered the US economy with his brainless trade wars. Biden has accused Trump of not being “tough enough on China” and has promised to take this US-China confrontation a notch higher. So instead of reducing the dangerous tension that has reigned in the world since the beginning of the trade wars, he will do nothing but escalate it. Nothing could better illustrate the failure of the American system, which trades politics for problem solving.
Remember, folks, for all the legitimate misgivings the West may harbour toward that country, more than any other nation on earth, China has kept down inflation and provided us all with a decent standard of living for decades despite the gross missteps of our Western leaders, simply by harnessing their 5000 year old work ethic and brain power to produce things everyone can afford.
And now the thanks these incompetent Western leaders are showing China are nothing but sour grapes. Accusations, allegations, suspicions, threats. Racist hate. And the public is buying it on both sides of the political spectrum.
But all this ingratitude may be rewarded when the dollar fails utterly. And then it won’t matter if Americans can drop their delusion, they will be forced by circumstances to adopt a new way of life.
An analysis by a Russian expert that I translated and posted on Quora gives some insight into the future fate of the US dollar: https://www.quora.com/What-are-the-odds-of-hyperinflation-and-social-unrest-in-America-because-of-COVID-19/answer/Vince-Dhimos
Answer requested by Jeff Reno