‘Europe Struggles to Defend Itself Against a Weaponized Dollar’

(Public Domain Pictures)


Nations are getting upset with how the USA uses economic sanctions and other financial pressures against many lands:

March 13, 2021

China, Russia, North Korea, Iran, and other countries subject to US sanctions are seeking support at the UN to push back against unilateral sanctions and the threat of force.

The effort by sixteen countries and the Palestinians argues that unilateral measures are against the UN Charter. A letter from the group seen by Reuters says multilateralism “is currently under an unprecedented attack, which, in turn, threatens global peace and security.” …

The only ones President Biden has hinted at lifting are on Iran, but so far, the Biden administration has not made a sincere effort to revive the nuclear deal. The Biden administration has also imposed sanctions of its own on Russia, Myanmar, and Iran. https://www.zerohedge.com/geopolitical/16-countries-are-pushing-united-nations-condemn-us-unilateral-sanctions

The New York Times had the following:

Despite warm words from Biden, U.S. secondary sanctions against Iran, Russia and others punish European companies and prompt new calls for strategic autonomy.

BRUSSELS — The new Biden administration is making nice with the European Union, talking of renewed cooperation and suspending retaliatory tariffs stemming from an old dispute between Airbus and Boeing.

But despite the warm words and efforts at rebuilding trust, the American willingness to punish its European allies and impose sanctions on them in pursuit of foreign-policy goals continues to rankle.

It is an underlying tension, a ready reminder of the asymmetric power of the United States. That is especially so when it comes to what are known as secondary sanctions. While Iran and Russia, for example, may be the primary target of sanctions, the secondary sanctions punish other countries and companies — very often European — that do business with them as well.

Increasingly popular with Congress, secondary sanctions have been deployed to coerce allies to fall into line on any number of issues. In recent years, those have included the Nord Stream 2 natural gas pipeline, Iran’s nuclear program and the socialist governments of Venezuela and Cuba. The great fear is that they would some day be used by the United States against China — or even vice versa — leaving Europe squeezed in the middle.

Secondary sanctions cut off access to the American banking system, an effective threat because of the centrality of that system and the global reach of the dollar.

The weaponization of the American dollar and the Treasury is a marked vulnerability for Europe, which depends on open markets. It has prompted serious discussions of how to defend Europe and the euro from Washington’s whims, and it has become a central part of the argument about how to create “strategic autonomy,” so Europe can protect its own interests.

Last month, the European Union announced efforts to strengthen an “anti-coercion instrument’’ against “unfair trading practices.” The main sources of them are China and Europe’s self-professed ally and partner, the United States. …

European resentment about American secondary sanctions “is linked to an awareness of our own internal and economic fragility,’’ said Nathalie Tocci, director of Italy’s International Affairs Institute and adviser to Mr. Borrell. https://www.nytimes.com/2021/03/12/world/europe/europe-us-sanctions.html

The Biden-Harris Administration is not the only one to weaponize the dollar. Weaponizing the dollar has long part of the so-called “soft power” of the USA that Hillary Clinton used to mention during the Obama-BIden Administration.

Also, here are some items related to the Trump-Pence Administration:

By weaponizing both trade and currency, President Trump has infected the global economy with deep uncertainty. In imposing sanctions and tariffs—as well as banning American firms from doing business with a growing list of foreign companies on grounds of national security—Trump has enfeebled world trade, turning it into a brake on global growth. …

Trump is also weaponizing the U.S. dollar, instructing the U.S. Treasury to put more countries under surveillance for suspected “currency manipulation,” subjecting them to potential retaliatory sanctions. …

Trump’s actions on trade and currency are now imposing a discernible drag on global economic growth. …

I have argued earlier that the U.S. economy is more fragile than it seems. Recession signals in the U.S. are getting stronger. https://www.forbes.com/sites/yuwahedrickwong/2019/08/25/the-next-u-s-recession-looking-more-likely-as-trump-weaponizes-trade-and-the-dollar/#3e52011b3584

Weaponizing the Dollar


The United States has taken advantage of the fact that the dollar serves as the world reserve currency by using it as leverage to achieve its foreign policy goals.

In effect, the US has weaponized the dollar.

The fact that the global system facilitating financial transactions uses the dollar gives the US a great deal of economic and geopolitical leverage. https://schiffgold.com/key-gold-news/european-alternate-payment-system-to-circumvent-us-iran-sanctions-nearly-ready/

Trump’s policies add luster to gold at dollar’s expense

11 June 2019

Central banks in emerging countries are hoarding the precious metal at the fastest pace in decades. The “weaponization” of the dollar by President Trump is making countries increasingly wary of the greenback.

Twenty years after central banks in the West dumped gold in what many saw as the end of the metal’s role in the global monetary system, their counterparts in emerging countries are hoarding gold at rates not seen in over 50 years.

Central banks bought 145.5 tons of gold in the first quarter of 2019, an increase of 68% compared with last year and the strongest first quarter since 2013, according to the World Gold Council. In the past four quarters, these banks have hoarded over 715 tons of the precious metal — the highest that the industry-led body has ever recorded. …

US President Donald Trump’s weaponization of economic tools in pursuit of foreign policy breakthroughs is also prompting countries to look for alternatives to the dollar as the preferred repository for world savings. 06/11/19 https://www.dw.com/en/trumps-policies-add-luster-to-gold-at-dollars-expense/a-49135607

Consider now the following:

August 25, 2019

It would take years to put compliance and regulatory structures in place to develop an electronic currency with the potential to challenge the dominance of the US dollar as the world’s preferred reserve currency, analysts say.

The dollar is likely to reign supreme in the short-term despite trade tiffs dampening the global economic outlook and stoking fears of a possible currency war between the world’s two biggest economies – the US and China. While central banks are stuck in a low interest rate environment, policymakers have begun suggesting radical ideas to tackle their fiscal challenges.

Last week, Bank of England governor Mark Carney said the world’s reliance on the US dollar “won’t hold” and should be replaced by a new international monetary and financial system. …

Though he did not elaborate, Facebook’s Libra comes closest to the digital currency Mr Carney described. The digital token – set to be rolled out next year and secured against a basket of reserve-backed currencies – would not be controlled by Facebook, but run by a consortium that includes Uber, Mastercard, Stripe, Visa, PayPal and Spotify, among others.

Libra, or a token which JP Morgan plans to launch, could “carry the mantle of a global cryptocurrency which Mr Carney is talking about”, said Mr Valecha.

Yet how effective that currency will be in breaking the dominance of the US dollar on global level is a point of debate, Mr Valecha said. https://www.thenational.ae/business/economy/mark-carney-s-proposed-digital-currency-to-challenge-greenback-still-years-away-1.902388

Yes, completely dethroning the US dollar appears to be years away.

But it will happen!

Turning its dollar into a weapon will help destroy the USA.

Right now, various ones are taking steps to dethrone the US dollar as the world’s reserve currency. Michael Krieger believes this may happen by 2025:

The Road to 2025 (Part 3) – USD Dominated Financial System Will Fall Apart

The USD is unique in that it grants the U.S. the “exorbitant privilege” of having a national currency which at the same time serves as the global reserve currency. …

Pricing key commodities such as oil, which everyone in the world needs, in USD creates a massive structural support for the dollar versus other government fiat currencies. If other nations constantly have to convert to USD before purchasing commodities, there’s a constant underlying global demand to buy USD on a daily basis. No other country has this sort of structural support for its currency, and it allows the U.S. to be far more fiscally irresponsible than other countries without suffering devastating currency devaluations on the global market.

Despite the tremendous advantage such a system offers the U.S. on the world stage, there haven’t been any rival countries that could realistically challenge it given American economic dominance. This is no longer the case. …

Still today, the US GDP accounts for 22% of world’s GDP, while 80% of international payments are made in dollars.

Hence the United States receives goods from abroad always at comparatively very low prices, while the massive demand for dollars from the rest of the world allows to refinance the US public debt at very low costs. …

This is absolutely key. There’s now a huge mismatch between the use of USD in the global financial system and the U.S. share of the world economy. China and Russia are acutely aware of this and have been taking major steps to transition to a more multi-polar currency world. There can be no multi-polar geopolitical world without a multi-polar currency world, which is why they’re working toward dethroning the USD. I believe they will succeed.

Specifically, I think by 2025 the world will have a completely different global financial system from the one chaotically birthed in the 1970s. The USD will lose its total dominance on the world stage, resulting in major implications geopolitically as well as at home. https://libertyblitzkrieg.com/2018/04/19/the-road-to-2025-part-3-usd-dominated-financial-system-will-fall-apart/

While I am not certain of the date, if certain prophetic events take place within the next four years (e.g. Daniel 9:27; see The ‘Peace Deal’ of Daniel 9:27), it is possible that the US dollar will be worth no more than its scrap and burning value by 2025.

Another factor that will lead to the collapse of the US dollar is the increasing amount of debt in the US (consider also Habakkuk 2:6-8) which officially looks to exceed USD$30 trillion in 2021.

The world will one day wake up to the fact that the USA cannot possibly pay back its debts and will take successful military actions against the USA (cf. Daniel 11:39).

The Continuing Church of God (CCOG) put together the following video on our Bible News Prophecy YouTube channel:


Financial Reset by 2022?

Euro Pacific Capital CEO says the US economy is about to crash because of debt. US National Security Adviser John Bolton declared debt as a threat to society. Forbes writer John Mauldin says that a financial reset is expected in the 2020s, as does Willem Middelkoop, who believes gold may be part of a reset. Morgan Stanley believes the end of the current economic cycle may be in 2021. MIT pointed to changes in the 2020s. How much debt does the USA add daily? Does any of this tie in with biblical prophecies? Does Habakkuk 2 have applicability to the USA? Is it wise to try to discount debt and not pay it back in full? Dr. Thiel addresses these issues in the light of scripture.

Here is a link to the sermonette video: Financial Reset by 2022?

It is possible that the end of the US dollar possibly would happen during the next presidential term (as currently this could be theoretically possibly as early as 2023 or 2024, presuming that the deal of Daniel 9:27 is confirmed within a year or so). A ‘reset’ could, however, be tried sooner.

A while back, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:


US Sanctions and Tariffs leading to New World Order?

Russian Prime Minister Dmitry Medvedev said new US sanctions would be a declaration of economic war. Iran, North Korea, China, Europe, and Turkey are also upset about USA sanctions and tariffs. A Turk asserted “Somebody must find a solution and stop the USA.” The BRICS nations see US sanctions and tariffs as helpful to their objectives to trade without the USA. Are “unintended consequences” of USA policies threatening the current Anglo-American world order and leading to a New World Order? What has ‘Lord’ Jacob Rothschild and Russian President Vladimir Putin stated? Does Bible prophecy show that a confederation of Turks, Arabs, and Europeans pose a real threat to the USA and UK? Is the final time of the Gentiles coming? Will it be worse than people imagine? Dr. Thiel addresses these issues and more.

Here is a link to our video: US Sanctions and Tariffs leading to New World Order?

There is a cost to sanctions and weaponizing the US dollar.

The end of US dollar dominance is coming.

The Europeans, Russians, Chinese, and others are working to replace the US dollar and it will happen.

Part of the reason the Euro was introduced was to reduce the dominance of the US dollar.

Part of the reasons that the BRICS (Brazil, Russia, India, China, and South Africa) group was formed was to dethrone the dominance of the US dollar.

Between the EU and BRICS nations, that’s about half the world’s population and most of the world’s economy.

The US will not do well when they combine more against the US.

The US and its currency will fall (cf. Daniel 11:39).

Do not put trust in the US dollar–it will NOT last!

Some items of possibly related interest may include:

The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? A video of related interest may be: Germany, Gold, and the US Dollar.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military
Might the U.S.A. Be Gone by 2028? Are there prophetic reasons to believe that the USA will not last two complete presidential terms? Yes. There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
The Great Tribulation: What Happens First? What events have happened? What are some events that are now happening? And what events need to happen for the Great Tribulation to start? Here is a link to a related sermon video: Counting Down to the Great Tribulation. Here is a video in the Spanish language: Contando los eventos y el inicio de la Gran Tribulación.
When Will the Great Tribulation Begin? 2021, 2022, or 2023? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: 2021: The Great Tribulation or the Great Reset? Here is a video in the Spanish language: Es El 2021 el año  de La Gran Tribulación o el Grande Reseteo Financiero.
Is a Great Reset Coming? Klaus Schwab of the World Economic Forum has proposed a societal change that has been basically endorsed by the Vatican and many world leaders. Does the Bible prophesy a major reset? Here is a link to a related video: Will there be a “Great Reset”?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is a link to a related sermon: Could God be Calling You? A short animation is also available: Is God Calling You?
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.

The Gospel of the Kingdom of God This free online pdf booklet has answers many questions people have about the Gospel of the Kingdom of God and explains why it is the solution to the issues the world is facing. Here are links to three related sermons: The World’s False Gospel, The Gospel of the Kingdom: From the New and Old Testaments, and The Kingdom of God is the Solution.

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