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Datamancer 2 points ago +2 / -0

US wealth? Debased currency and a government that has trillions in unfunded liability. Someone who "feels like a million dollars" in the year I was born would now require six million dollars to feel the same way.

They are internationalizing US government debt. America buys stuff, we buy lots of stuff and if America stops buying the world will be in trouble. They want to decouple the world economy from the US economy, but our debt makes that impossible. They have to allow the US to have a virtual bankruptcy to sever the ties. America is basically your jerk neighbor who has every toy in the world and then declares bankruptcy and walks away.

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CensoredByMarxists 2 points ago +2 / -0

I think this is worse than that and a way to dilute american buying power and give it to the rest of the world. The ultimate goal is the downfall of all but the elite.

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Japan4Salt [S] 1 point ago +1 / -0

"The International Monetary Fund, in cahoots with the Biden administration, is preparing to issue $1 trillion worth of new “Special Drawing Rights” (SDRs), paving the way to replacing the U.S. dollar as the global reserve currency while redistributing America’s remaining wealth to foreigners and Third World regimes. It is all part of a much-broader agenda being peddled as the “Great Reset” that will — if successful — fundamentally transform the world. COVID-19 is merely the pretext.

According to media reports, the Biden Treasury, led by radical activist Janet Yellen, is so anxious to shower U.S. dollars on foreign nations that it is even working quietly to bypass the U.S. Congress. Under U.S. law, America’s elected representatives must approve any SDR issuance by the IMF in which the U.S. government allocates more than $120 billion — the amount of its proportional stake in the global organization — during any five-year period."