There is a war being waged, but it might not be the war you think. The War is for monetary supremacy. Jerome Powell, the Federal Reserve Chairman just admitted that “it's possible to have more than one reserve currency.” This is a huge statement. Why would he say this?
I think there might be a number of reasons for this, but the most obvious is I think he realizes that the US has competition for monetary supremacy.
Several nations are eager to replace the US dollar as the reserve currency. There are even more cryptocurrencies being used, and of course, there is Bitcoin. It is quite possible that the US is headed toward the realization that these days are numbered as the world’s reserve currency.
Here’s the question we should be asking. Do we have true freedom if we are not able to freely transact? The US and other nations have frozen the US Dollar and Euro reserves in Russia. Canada froze its own citizens' accounts for donating to the trucker convoy. The truth is people are experiencing resistance with their transactions and use of money. The centralized world of finance is crumbling with this digital age and increased access to information.
The US is now fighting with Russia by working to ban Russia from using Swift for financial transactions. What did China do? They began working with China to work with China’s UnionPay instead of using Swift. UnionPay is China’s alternate global payment processing network. We are currently seeing a war between China and the US for global monetary supremacy.
To make matters even more interesting now, President Biden is pushing an Executive Order to further regulate Bitcoin. The War for monetary supremacy continues. The US isn’t just waging war against China and Russia but the use of Bitcoin. Why? Jerome Powell already told us.
We can have multiple reserve currencies. Powell might have admitted it, but that doesn’t mean they will approve of it.
It is time to get prepared. The world is changing at a rapid rate. We are moving at warp speed and if we aren’t prepared monumental changes could occur without us being prepared. It is not too late to act. It is time to respond, but not out of fear. We must respond by pursuing freedom. I believe the best days are yet to come. We will just need to act to be ready.
I believe that the world is shifting towards decentralization. Bitcoin is the hope of the future and it is time to be prepared. This doesn’t mean the US won’t try and hinder Bitcoin’s growth. They very well might. It just means we need to be prepared and respond.
Reach out to us at Explore Financial Freedom to learn more about how best to respond.
Comments