Dollar Dies With A Whimper As Europeans “Defy” America And Back China-Led Bank

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currencywarThe signs have been high­light­ed over the years, the experts have shout­ed warn­ings, but Amer­i­cans insu­lat­ed by the MSM with sto­ries of how the dol­lar is strength­en­ing, the econ­o­my is grow­ing again, were the last to be told that the age of the US Dol­lars dom­i­nance across the globe, is at an end.

His­tor­i­cal­ly world reserve cur­ren­cies have last­ed between 80 and 110 years, the US Dol­lar has held that sta­tus for 94 years and one spe­cif­ic event just occurred that put the final nail in the Dollar’s cof­fin as head­lines scream “Euro­peans defy US to join Chi­na-led devel­op­ment bank.CurrencyHistory

Despite the Oba­ma administration’s “incom­pe­tent, dis­tract­ed, ham-fist­ed,” attempts to pre­vent Euro­pean allies from join­ing a Chi­na-led inter­na­tion­al devel­op­ment bank, Britain, France, Ger­many and Italy have all agreed to join, a deci­sion that evi­dences what Huff­in­g­ton Post calls “America’s decline.”

Today, that same ally has decid­ed that his­to­ry has turned a cor­ner. The U.S. can no longer dom­i­nate world his­to­ry. A new pow­er has also arrived. The British, like most oth­er mid­dle pow­ers, have decid­ed to hedge their bets and work with Chi­na as well as the U.S. But this is also a mat­ter of sur­vival. If Lon­don does not serve the finan­cial and eco­nom­ic inter­ests of a ris­ing Chi­na, it could become side­lined in the 21st cen­tu­ry. Hence, the British have no choice but to work with Chi­na.

Via FT:

The Euro­pean deci­sions rep­re­sent a sig­nif­i­cant set­back for the Oba­ma admin­is­tra­tion, which has argued that west­ern coun­tries could have more influ­ence over the work­ings of the new bank if they stayed togeth­er on the out­side and pushed for high­er lend­ing stan­dards.

Tyler Dur­din from Zero Hedge con­cludes “Bot­tom line: this isn’t the­o­ry or con­jec­ture any­more. Every shred of objec­tive evi­dence sug­gests that the dollar’s dom­i­nance is com­ing to an end.”

On March 10, 2015, ANP pub­lished an arti­cle titled “The Hour Is Late, The Dan­ger Is Grave — Will Civ­il Unrest And Mar­tial Law Come To Pass In Amer­i­ca?”, in which we made the fol­low­ing state­ment and asked a ques­tion:

It is not a mat­ter of if the Dol­lar los­es it’s sta­tus, but when. Whether it is tomor­row, next month, next year or in the next 5 years (doubt­ful it will take that long), the dol­lar will be replaced.

Which brings us to the head­lined ques­tion of “Will civ­il unrest and mar­tial law come to pass in Amer­i­ca?”

We point­ed out that when economies col­lapse, it is gen­er­al­ly fol­lowed by social chaos, civ­il unrest and some­times a break­down of law and order; just look­ing at what is hap­pen­ing in Venezuela now, food short­ages, mil­i­tary guard­ing gro­cery stores, lim­its on what peo­ple can pur­chase, riots and protests, gives us a glimpse into our pos­si­ble future.

It is no longer a ques­tion of should Amer­i­cans pre­pare, it is now a ques­tion of how pre­pared are they for what is com­ing?