Former Treasury Official Warns: There Will Be “Catastrophic” Consequences U.S. Dollar Loses Status

Know What To Expect. The Death Of The Dollar Is Coming

Mac Slavo

The death of the dollar is coming and it’s going to hit the American public like a ton of bricks. Once it is no longer the world’s reserve currency, all bets are off concerning the fiat currency, and we should brace ourselves for what comes next.

Obviously, the central banks will need this epic crash to usher in the CBDC (central bank digital currency) which will be a technological slave system of control. But before that, we could see things that could only come out of the movies.

The dollar has not been backed by gold in a long time and its value is eroding. Debt, currency devaluation, massive speculation, massive currency creation, and intentional government incompetence are pretty much guaranteeing a very bad ending. A number of events have happened throughout the years which has jeopardized the Dollar’s standing. The Brazil, Russia, India, China, and South Africa (BRICS) collaboration has gained steam in creating pathways for business and they have begun to totally bypass the U.S. Dollar.

The Endgame: Central Bank Digital Currency

Alternatives to the dollar are already in the works. China and Brazil have already reached a deal to trade in their own currencies, ditching the United States dollar as an intermediary entirely, Fox Business reported.

Here are the things we need to be prepared for according to All News Pipeline, once the ruling class finally puts the final nail in the dollar’s coffin:

Bank Runs – people are going to want as much as they can out of their banks even though it’s going to be worthless unless you need some toilet paper. Some will attempt to rush and buy precious metals with their money while they still can.

Capital Controls – the masters will ban the slaves from converting their dollars into foreign currencies to try to keep the dollar afloat for a few more days.

Inflation – it’ll spiral out of control because the dollar will be worth almost nothing

Massive Unemployment – businesses will find it impossible to get parts or supplies from other countries, so there won’t be jobs to do.

Empty Grocery Store Shelves – food will be a hot commodity. The shelves will empty as people stock up at the last minute with whatever money they have.

Public Riots – all of the above will lead to massive violent public riots. People will be depressed and angry, but most will be still too dumbed down to take it out on the ruling class and bankers who control them like marionette puppets. They will instead, destroy businesses and loot whatever they can.

Former Treasury Official Warns: There Will Be “Catastrophic” Consequences U.S. Dollar Loses Status

Mac Slavo

A former treasury official has warned that there will be “catastrophic” consequences if the United States dollar loses its status as the reserve currency. Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley said that if this happens, “there would be a complete implosion of the global economic system.”

According to a report by Bitcoin News, Crowley explained on Fox News Saturday what would happen if emerging economies move away from the U.S. dollar towards the Chinese yuan and the dollar is no longer the world’s dominant currency. She stressed:

It’s really hard to overstate exactly how catastrophic the abandonment of the U.S. dollar would be as the world’s global reserve currency.

Emphasizing that the U.S. dollar having the world’s reserve currency status “has been a real privilege,” she added: “We’ve abused the privilege by wholly reckless monetary and fiscal policy for so many years, certainly over the last couple of years, which has really devalued the dollar.”

This will be the perfect platform for the ruling class to usher in the endgame, their central bank digital currency, or the permanent invisible chains enslaving those who will willingly choose this life instead of one of freedom from banks and rulers (government).

Crowley added that we are at a pivotal moment. “All it would take at this point … is for Saudi Arabia, who has indicated that they are open to this, to say: ‘You know what, we’re going to be open to considering other currencies to trade in oil.’” Crowley warned:

If that were to happen, there would be a complete implosion of the global economic system, but certainly the American economic system. And if that were to happen, you’d be looking at sky-high inflation just raging, Weimar Republic kind of inflation. If you think inflation is bad right now, just wait.