The regime of President Brandon, which of course, is not being run by the man himself because his mind is gone, has been an unmitigated disaster.
The southwest border has collapsed completely, with illegal immigration and drug smuggling rampant. For a time, oil and gasoline prices were at record highs. Inflation spiked to a 40-year high and remains high, taking huge chunks out of household budgets. Interest rates are now at multi-year highs, destroying the housing and new car markets. And all the while, American consumers have seen their purchasing power diminish to a low point.
But despite all of that, there may actually be a silver lining in all of it, and here’s why: The old Bretton Woods II system of global finance, which saw the value of the dollar become an arbitrary measurement of central banks and governments, may be collapsing, and we will once again be moving back towards being valued by an actual commodity, like gold — as was the case until then-President Richard Nixon took us off the gold standard in the early 1970s. Money backed by an actual commodity of value means that there will be less manipulation and false valuation that, historically, has led to major dips in economic output and consumer purchasing power, but always to the benefit of the Western globalist elite.
Financial guru Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank Credit Suisse, says that “we are witnessing the birth of Bretton Woods III – a new world (monetary) order” after Bretton Woods II crumbled when the G7 countries seized Russia’s foreign exchange reserves following Moscow’s invasion of Ukraine, as reported by Forbes.
Before then, keeping money inside globalist institutions like the International Monetary Fund was considered to be safe, but that is no longer the case, as the seizing of Moscow’s reserves proves.
Similarly, Bretton Woods I collapsed when Nixon took the US of the gold standard back in 1971 when dollars were convertible to gold at a fixed exchange rate of $35 an ounce. This led to Bretton Woods II, backed by “inside money” or the dollar, which itself is not linked to gold or any other commodity. Now the basis of this system, which has operated for the past 50 years, is being called into question. An article by Wall Street Journal writer Jon Sindreu, for example, said the sanctions on Russia, which showed that reserves accumulated by central banks can simply be taken away, raised the question of “what is money?”
That question may explain why Pozsar believes a huge shift in the way the world organizes money and reserves is now underway, “creating a “Bretton Woods III backed by outside money,” (gold and other commodities).
“We are witnessing the birth of Bretton Woods III – a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West,” he predicted.
Meanwhile China, the world’s second-largest economy, will have a couple of ways to protect its financial interests. One will be to sell U.S. Treasury bonds and use the money to purchase Russian commodities, and the other way will be to undertake its own version of quantitative easing — printing its currency, the renminbi, to purchase Russian commodities. Pozar believes either of those scenarios will mean higher bond yields in the West along with higher inflation (which remained at 7.1 percent in December, the 12th straight month of above-7-percent inflation).
“When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flipside, the renminbi much stronger, backed by a basket of commodities,” Pozsar noted. “After this war is over, ‘money’ will never be the same again…and bitcoin (if it still exists then) will probably benefit from all this.”
The Western left is destroying our societies, and Brandon is too brain-damaged to know what’s going on.