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February 19, 2019

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Did America Just Lose Reserve Currency Status – To Putin’s Petrogold and China’s PetroYuan?

Did America Just Lose Reserve Currency Status – To Putin’s Petrogold and China’s PetroYuan?

Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, effectively pegging oil to gold and launching Petrogold. Then, China’s President Xi visit with Saudi and GCC leaders marked the birth of the petroyuan and a leap in China’s growing encumbrance of OPEC+’s oil and gas reserves: that’s because with the China-GCC Summit, “China can now claim to have built a ‘special relationship’ not only with the ‘+’ sign in OPEC+ (Russia) but with Iran and all of OPEC+.” At the time, Zoltan urged the reader to think of the timing of this statement in a diplomatic sense: “President Xi communicated his message on “renminbi invoicing” not during the first day […]


 

Commentary by Unreal Post

 

Closer and Closer to an End Time Scenario where America has No Say in the Events of the World

It really isn’t up for debate, the United States of America is not mentioned in the Bible. Russia, Iran, Turkey, and of course Israel are mentioned in Ezekiel 38 & 39. The four Gentile nations prophecied in the book of Daniel are now this very day in 2023, back on the scene. Iraq, Iran, Greece/Syria, and of course the revived Roman empire the European Union itself is almost surpassing the might (economically) of America. Either way, you look at it America is not a player in end-time events.

I think the United States will soon lose its status as the world’s reserve currency, but it won’t be the end of the country. Losing the role of a reserve currency will add to America’s decline, but it won’t be the fundamental cause. America’s demise will be brought about by blatant evil, egregious immorality, and a national celebration of evil. Anyone who has even a passing understanding of history—or, better yet, who has been born again—can read the signs on the wall. And the signs say “AMERICA HATES GOD”. The God of Abraham, Isaac, and Jacob. 

The parallel between the nation of Israel and America is stunning. Israel of course was given the very oracles of God and the promise of a Messiah and kingdom. But in their unbelief, they along with the Romans killed their Messiah. Similarly, America has been so blessed far beyond any nation since King David. Especially when it comes to freedom and access to the word of God. But in unbelief America has turned its back on God and just like the Jews in Jeremiah’s day. The majority of Americans today say…

‘“ As for the word that you have spoken to us in the name of the Lord , we will not listen to you! ‘

Jeremiah 44:16

 

Losing Reserve Status will Hurt but Not Overnight

If oil were no longer traded in dollars, it could have a significant impact on the American economy. The U.S. dollar is currently the global currency of choice for oil trading, which means that countries around the world must acquire dollars in order to purchase oil. This has helped to support the value of the dollar and the stability of the American economy.

If oil were no longer traded in dollars, countries would no longer need to hold as many dollars, which could lead to a decrease in demand for the currency. This could cause the value of the dollar to drop and could lead to inflation.

Additionally, the U.S. economy is heavily dependent on the oil industry. Oil exports and related activities contribute to the GDP, jobs, and tax revenue. A shift away from dollar-denominated oil trading could lead to a decline in the economic activity related to the oil industry and have negative effects on the US economy.

However, it’s important to note that the shift away from dollar-denominated oil trading is unlikely to happen overnight, and it would depend on a variety of factors such as the actions of major oil-producing countries, the willingness of other countries to use alternative currencies, and the global economic conditions.

 

 

 

 

Salvation is a Free Gift

‘Therefore as by the offence of one judgment came upon all men to condemnation; even so by the righteousness of one the free gift came upon all men unto justification of life. ‘

Romans 5:18

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If you have questions about Christianity or How to Get Saved just scroll down a bit for more information. For starters Christianity is not Behavior Modification but a Heart Transformation.

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The Good News

salvation

Salvation is a FREE GIFT from God. You don’t have to do anything but believe by faith that God sent His only Son Jesus Christ to die for your sins, was buried, and rose from the dead 3 days later.

THE GOOD NEWS

SALVATION

Salvation is a FREE GIFT from God. SALVATION IS BY FAITH ALONE & FAITH IS BELIEVING WHAT GOD SAYS.

  1. God declares all mankind sinners and we all fall short of Glory of God. Romans 3:23
  2. The payment for our sin is death. Romans 6:23
  3. But God…because he loved you so much sent His own Son, Jesus Christ, to die in your place, for your sins, was buried, and rose from the dead three days later. 1 Cor 15:1-42cor 5:21

All God asks is that you believe by faith alone in 1, 2, & 3. That you’re a sinner, separated from God but God sent his Son to die for your sins, was buried & rose again 3 days later.

‘that if you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead, you will be saved. ‘

Romans 10:9

Do You Believe?

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