The World is Losing Faith in the Dollar
As an inevitable consequence of US foreign policy and monetary policy, the world is finally losing faith in the dollar.
"There is no instance of a nation benefiting from prolonged warfare." - Sun Tzu, The Art of War
When the US has to borrow money from China just to sustain their empire-building and endless wars, it is not surprising for China to start losing faith in the dollar, along with the other highly developing countries that are members of the BRICS summit. The US has spent hundreds of billions on their endless wars, or their empire-building, on their embassy in Iraq that's bigger than the Vatican, something that is just economically doomed to fail. The US is broke and a while back they even had to raise their debt ceiling and lead to the downgrading of the dollar. Regardless of the arguments for their policing of the world, they just can't afford it anymore.
And then there's the Federal Reserve, responsible for devaluing the dollar since 1913, who keeps giving their buddies billions of dollars in bailouts. Their ability to print money at will is basically theft from the income of hardworking individuals because the dollar gets debased. Actually, those who advocate the Austrian School of Economics have been predicting this for a long time. Ron Paul has been warning his colleagues in congress about this for 30 years and no one ever listened to him. Also, this form of central banking also funds the foreign policy and policing of the world.