According to the latest reports it seems that the US dollar witnessed a massive warning coming from Sen. Rand Paul. Check out the latest reports about this below.
US sees massive warning
It’s been just revealed the fact that the Kentucky Senator Rand Paul says the government’s foreign and fiscal policies are pushing BRICS and other nations to gang up against the US dollar.
In a new Fox Business interview, Paul said the fact that the US is becoming increasingly isolated as outside powers team up to settle trades without using the dollar.
Paul said it’s not China and Russia – two of the largest members of BRICS. The Kentucky Senator says Iran, North Korea and Saudi Arabia are also finding ways to move away from USD.
“When you look at the determination of the world’s trade, quite a bit of it, more than we’ve had for quite sometime, is denominated in things other than the US dollar.”
He also said the following fact:
“I think our foreign policy has something to do with that, too. We pushed all of our adversaries farther and farther away from us and closer and closer together. It’s not just China and Russia being pushed together by foreign policy. Obviously, some of it is their own doing, and it’s a response to things they’ve done that we don’t like.”
He believes that North Korea is in that basket as well. Iran is in that basket. “But then we have some countries such as Saudi Arabia also being pushed together into this non-aligned or unaligned coalition that wants to denominate their trades in things other than the dollar.”
New banking crisis info is out
The macro Investor Bert Dohmen just issued a dire warning on the future of the US and global economy.
In a new interview with Stansberry Research, the founder of Dohmen Capital Research says anyone who believes the banking crisis is over is engaged in wishful thinking.
“We have three of the biggest banking failures in US history within six days and everybody’s pretending this is a one-off event that won’t happen again.”
