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Fed Chief Powell Says It’s Possible to Have More than One Reserve Currency in the World – Diminishing the US’s Dominance in the World


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Fed Chief Powell Says It’s Possible to Have More than One Reserve Currency in the World – Diminishing the US’s Dominance in the World

By Joe Hoft 
Published March 2, 2022 at 1:20pm 
279 Comments

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Fed Chief Jerome Powell says it’s possible to have more than one reserve currency in the world.  How does this make America great again?

Jerome Powell is planning on raising interest rates this month from the zero percent that Democrats have benefitted from in the White House this century.  Rates have been kept at zero percent for almost all the time that Democrats are in the White House since 2000.

 

He spoke in front of Congress this morning.  PBS reports:

Federal Reserve Chair Jerome Powell made clear Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain surging inflation.

 

Fed Chief Jerome Powell also shared the potential to have more than one reserve currency in the world.  This is a shocking statement coming from the head of the Fed.

 

 

The US has benefitted from having the reserve currency of the world.  We’ve reported on this for months and how under Biden the US has reached the lowest point in decades.

As the Biden gang continues to spend the dollar continues to get weaker.  Now the US is pushing Russia away from using the US dollar as its reserve currency and this may not be so smart.


In addition, the US has benefitted from having the USD the currency used for oil transactions worldwide.  This ‘petrol dollar’ arrangement may go by the wayside as some fear Russia and the Saudis have already made an arrangement to trade oil outside of the dollar.

Back in 2014 under Obama/Biden people were worried about the petrodollar as well.  Maybe this was reasonable as Biden/Obama helps Iran gain a nuclear weapon.  Iran and Iraq are enemies.  When Obama and Biden help Iran, they push the Saudis away.  No wonder the Saudis aligned with Russia after Biden stole the election.  Also, no wonder they cheered when President Trump joined them early in his Administration.  See video below from the Obama era.

 

Powell may be saying that it’s alright to have more than one world reserve currency because there is little he and the Biden Administration can do to stop it.  This could have long-lasting negative impacts on the US and make the US weaker than Biden has already has made the country. 

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5 hours ago, Rochester said:

So that's what Ukraine is about?...global reset? Fake War...in my opinion. Feels fake.

It is fake in the sense of Russia bullying Ukraine etc but its real in the sense that Russia and US are draining the swamp in Ukraine and destroying biolabs and other strategic targets that are used for child trafficking, laundering, guns and drugs etc.. Good stuff happening!!

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28 minutes ago, Longtimelurker said:

It is fake in the sense of Russia bullying Ukraine etc but its real in the sense that Russia and US are draining the swamp in Ukraine and destroying biolabs and other strategic targets that are used for child trafficking, laundering, guns and drugs etc.. Good stuff happening!!

YES!

EYES 👀 WIDE OPEN 

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2 hours ago, Longtimelurker said:

It is fake in the sense of Russia bullying Ukraine etc but its real in the sense that Russia and US are draining the swamp in Ukraine and destroying biolabs and other strategic targets that are used for child trafficking, laundering, guns and drugs etc.. Good stuff happening!!

Man, I sure hope so! 🙏🏻 

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America went on a globalization binge for a few decades....off shoring manufacturing, the world inter-twinned with banking, people flying everywhere on jets all the time.  Part of the problem with this new inter connected world is the elite in every country, feel they have a lot more in common with elites in other countries, than their own people.

 

We have the same problem in Canada. I don't know all the nasty games being played at high levels, but it seems obvious our elites don't much care for us, don't have our best interest at heart, to say the least.

 

Justin Trudeau's dad Pierre became Prime Minister in 1968, when The Beatles song Hey Jude was #1 song in the world. Justin was not even born then. Long ago. Since the Beatles era, Canada had a bunch of Prime Ministers, many of whom used to work for Power Corporation of Canada, which is a company run by a bunch of globalist billionaires. It's on wiki. No secret.

 

Past employees of that globalist billionaire company include our Prime Ministers: Paul Martin, Jean Chretien, Justin's dad Pierre Trudeau, Brian Mulroney.

 

This globalist domination of Canada has gone on so long, you can find pictures on internet of Justin's dad Pierre Trudeau, meeting with Richard Nixon at Oval Office, with toddler Justin Trudeau.

 

These Power Corporation men have run Canada for 65% of the time since The Beatles era....I did the math. Not a secret, not a conspiracy, just obvious facts.

 

Is Canada a real country? I doubt it. Canada seems like just a plaything for the world elites.

 

Our deputy Prime Minister is Chrystia Freeland, who wrote a book called Plutocrats: The Rise of New Global Super-Rich.

 

She is part of the global super rich. She and Justin are friends with Klaus Schwab and George Soros. 

 

Canada 100% relies on the U.S. to protect it. We don't actually have an army to protect such a big country. The North Pole, two big oceans and the United States protects Canada.

 

One nice thing about Canada: we don't have much in the way of a private medical system, but we have a public system. We don't have private health care for a reason we don't like talking about: we don't need private healthcare. Why don't we need a huge private healthcare system in Canada?

 

Because we already have the best private medical system in the world: it's called The United States private healthcare system.  I and family have used it several times. Many Canadians do the same. This effectively acts as a giant medical subsidy to Canada. America pays the bill, creates a public system. About 90% of Canadians live within 1 hour drive of the American border, with thousands of connecting flights, so accessing American medical help is easier than flying across our vast country. We get cheaper drugs than you. As an "independent country" we buy in bulk, for a discount.

 

OK...I guess the cat is out of the bag....lol

 

Our national media....TV news and newspapers....entirely government funded. Complete bs.

 

I don't think it's a secret anymore: Canada not a real country.

 

 

See the source image

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7 minutes ago, Half Crazy Runner said:

Pierre Trudeau 

Yes. That's Pierre Trudeau. Pierre raised Justin. Some say Pierre is Justin's dad. Others say Justin's Fidel Castro's son. I don't know, but Justin's mom Maggie was quite "Popular"....Pierre once said, "Canada living beside the United States is a bit like a mouse sleeping with an Elephant. The mouse hopes the Elephant doesn't roll over, in the night."

 

The Canadian economy is very heavily dependent on the United States, but the United States is very, very slightly depended on Canada. It's quite unequal, due to size difference.

 

Pierre was probably thinking about the Quebec Separatists, back in the 1970s, when he said Elephant and mouse. French Canadians wanted Quebec to be a separate country. They almost made it. There was terrorism here, over it, in the 1970s. Quebec voted on it twice, came very very close to winning. If the United States ever supported Quebec separatism, it might happen. Then Canada would break into pieces. Without Quebec, there is 0% chance of Canada surviving. It's the only thing that really makes Canada different than the United States.

 

If the Elephant ever rolls over, we're done. 

 

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29 minutes ago, Half Crazy Runner said:

When you look at photos of Pierre and Fidel and compare them to photos of Justin, it’s pretty obvious who he resembles… 😄

Don't leave Mic Jagger out of running, for "Who's your Daddy?"

 

My money is still on Fidel. 

 

Pierre Trudeau, Prime Minister of Canada, was likely a Cuck. Even Prince Charles took a shot at her.

 

Maybe Maury Povich can sort it out.

 

See the source image

 

Image result for picture of maggie trudeau and mic jaggerImage result for picture of maggie trudeau and mic jaggerImage result for picture of maggie trudeau and mic jaggerImage result for picture of maggie trudeau and mic jaggerImage result for picture of maggie trudeau and mic jagger

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