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    Home»Economy»Bessent Destroying The Dollar | Armstrong Economics
    Economy

    Bessent Destroying The Dollar | Armstrong Economics

    September 3, 20264 Mins Read
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    Treasury Secretary Scott Bessent threatened the entire world in perhaps the most authoritative speech that makes other nations hate Americans for this arrogance.  Scott Bessent thinks he is still with Soros and can now really manipulate the world economy. Those who ask if I have any connection with him the answer is FLAT OUTRIGHT NO WAY!!!!! We are adversaries and he would sooner destroy the USA before ever consulting Socrates. He hates my guts.

    The arrogance of the United States is off the charts. Allowing Bessent and the Neocons to use the dollar as a weapon has already divided the world economy. China’s CIPS has been experiencing significant growth. It processed 175 trillion yuan (about $24.47 trillion) in 2024, with plans to expand to support multi-currency settlement. SWIFT is exclusively dollars. CIPS handles approximately 70% of all RMB cross-border payments, and its single-day transaction value has reached new highs, exceeding 1.22 trillion yuan in early 2026. That is 179.9 billion USD daily.

    Obama G8 Micky Mouse Crimea Russia

    Transforming the US dollar into a weapon is having devastating effects and underminded the FAITH in the US dollar. Obama started this insanity. When Russia came to the aid of Russians in Crimea, he went to SWIFT and insisted that they remove Russia from the system. They said no way. So they replaced the head of SWIFT as a puppet and they started weaponizing the dollar by removing Russia and then had the audacity to threaten China if they aided Russia against Ukraine.

    Let’s expose the hypocrisy here. The United States has a well-established history of using military force to protect or rescue its citizens abroad, sometimes escalating to a full-scale invasion. This practice is rooted in the government’s view that it has a legal right—based on national “self-defense“—to protect its citizens wherever they are, and that this right has even been used to justify military intervention in foreign countries. They deny that to Russia.

    The principle that the U.S. government can use force to protect its citizens abroad is long-standing. An 1860 U.S. Circuit Court case, Durand v. Hollins, established an important precedent by upholding a naval bombardment of Greytown, Nicaragua, as a reprisal for violence against U.S. nationals. The ruling stated that “the citizen abroad is as much entitled to protection as the citizen at home,” and that a government failing in this duty “is not worth preserving” .

    This legal concept supports what has historically been called “gun-boat diplomacy“—the use of military force to protect citizens or their property in other countries . The US will invade and has done so but claim Russia coming to the aid of Russians in the Donbas is illegal?

    BRICS DeDollarization

    These people who love power are so stupid that they cannot see that the more people they remove from SWIFT isolates the United States and in the process they are destroying the dollar. The DEDOLLARIZATION has nothing to do with debt, gold, or FIAT. Such arguments only reveal how little they know about how the world economy functions. This is geopolitical and this latest NONSENSE from Bessent will only fulfill our computer forecast that they are destroying the world economy and in the process the dollar as soon as 2030 where we have a Panic Cycle. These idiots are so arrogant and stupid, they cannot see that they are undermining not just the dollar, but the entire world economy. BRICS is a response to American arrogance.

    Dethrone Dollar

    They are guaranteeing that China will supplant the United States as the financial capital of the world for the yuan will become more trustworthy by the mere fact that China would not turn its currency into a weapon when they are benefitting every day the more the USA weaponizes the dollar.

    China vs US CHPS vs SWIFT



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