Biden Destroyed the Dollar
Good Morning Reader,
Happy Friday!
Every week, our experts all get together to exchange ideas.
We also try to take some time on Fridays to answer some of your pressing questions.
So let’s dive in…
One of our readers asked, “What is the status regarding the elimination of the dollar?”
And that subscriber wasn’t the only one asking about what happens if the dollar is eliminated.
But to understand where the dollar is headed, we have to first understand how we got here.
You may know already, but dollar-supremacy started because America created a system where in order to buy oil… you had to use the dollar.
If China wanted to buy Saudi oil, it used dollars. And if the Russians wanted to sell natural gas to Europe, they took dollars.
Name pretty much any energy or commodity you like, people use the dollar to pay for it.
THAT is the reason the dollar — and by extension America — was always so powerful… the petrodollar system.
But thanks to a chain reaction Joe Biden set in motion last year, this whole system is about to be totally blown to bits.
Russia and China have almost completely dropped the dollar when they’re trading with each other.
The French are now buying natural gas in Chinese Yuan.
The Saudis are considering selling oil for Yuan or Roubles.
Brazil… Iran… South Africa… India… Pakistan… they’re ALL ready to drop the dollar.
The Brazilian president even said explicitly: “Every night I ask myself why all countries have to base their trade on the dollar. Why can’t we do trade based on our own currencies?”
And the reason they’re turning their backs on us is because President Biden turned the U.S. dollar into a weapon… for his own political gain.
He basically made it impossible for Russia to use dollars, or access its dollar deposits.
But the problem with using our currency as a weapon is it makes the dollar a LOT less desirable.
Instead of being trustworthy… backed by the full might of the American economy…
It’s now a weapon that can literally be turned against you at any point.
And if you’re Russia… China… or literally any other nation… the dollar isn’t a safe haven any longer.
It’s actually a huge risk.
If you see what’s happening… you know you have to secure your own wealth.
The best way to do that is with gold — the longest-standing form of currency.
We recommend you buy your physical gold and silver at Hard Assets Alliance for an easy and straightforward online experience. Although we have a business relationship with HAA, we wouldn’t be partnering with them if we didn’t believe they were a reputable company that will safely take care of all your gold and silver purchases, including storage options if you so desire.
Click here for all the details on how to get started.
Jim Rickards also came out with an in-depth rundown of what’s happening… and all the ways you can use gold to your advantage.
Not only with physical gold, but with gold stocks (and ways to work the silver market, too).
>>Click Here to Hear His Recommendations<<
Now that we’ve covered that, let’s get into some of what our editors have been looking at this week…
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