Sunday, 07 June 2020


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Expert: "The collapse of the dollar is a matter of time"

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Christopher Monckton of Brenchley, former aide to Margaret Thatcher, said that the failure of the U.S. dollar is just a matter of time considering that the U.S., with a large debt, spends $ 64,000 per second "The U.S. dollar, the global reserve currency for almost half a century, is no longer the reserve currency. Every dollar bill that the Administration prints is only a counterfeit," says Christopher Monckton of Brenchley in his article "The dollar collapse: not whether, but when'. "Every second, the U.S. government spends $ 64,000 that not have. The question of the 64,000 is not if it collapses, but when will it happen the collapse"" says the author adding that the U.S. debt level of almost $ 17 billion is absolutely inadmissible.   "U.S. Today has more debt than any other country in the history of the world. More debt than all European Union countries combined," says Christopher Monckton of Brenchley, adding that the current U.S. economic policy is a dead end. "To reduce the interest rate of all debt, the Federal Reserve lowered its benchmark interest rate 10 times since August 2007, from 5.25% at 0 to 0.25%. But it cannot continue to do so because one in the world trusts the dollar. Therefore interest rates will have to rise, "he explains. In his article Christopher Monckton of Brenchley quotes several experts who share the view that the collapse of the dollar is increasingly imminent. "My biggest concern is the financial collapse of the dollar as reserve currency. I cannot imagine anything more disastrous to our country. Hopefully that will not happen, but we're seeing things in the markets that are suggesting that confidence in the dollar is decreasing, "said Sam Zell, 60 º richest man in the United States.   [caption id="" align="alignnone" width="630"]Dollar Corbis / RT[/caption] From
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