WARNING! Countries Are Depegging From The US Dollar

Welcome to RIGGED [against you], the podcast that helps you RIG the wealth game back in your favor. I’m Terry Sacka AAMS of Cornerstone Asset Metals.

 

I saw a wave, a dark wave, come over our nation. And it’s not just the election, of course, but this program is going to be all in the name RIGGED because when I, and we formed RIGGED, it was because of the financial system, but RIGGED is now becoming common in America. And it’s all RIGGED [against you].

This is RIGGED. I’m Terry Sacka.

 

Today we’re gonna discuss the, uh, de dollarization, or better yet, the de pegging of the currency, US dollar. And just to understand real quick, what that means is a lot of currencies in the FX are just bottom line, the currencies of the world. Every country kind of has their own currency. Europe kind of has a singular one as a block. But the point is each, all these nations have currencies. And the way the values are done, typically anyway, a vast majority of the currencies were pegged up to the dollar. So there’d be like a teeter, if you could just visualize a teeter-totter. You have currencies on one side and the dollar on the other. So if the dollar goes up, these currencies go down. If the dollar goes down, these currencies go up. If the euro goes up, the dollar goes down.

And so there’s kind of this teeter-totter. It, it really is a rigged system, I mean, rigged against you. There’s no doubt about it. But the bottom line is these individual nations are kind of tired of the dollar hegemony, the dollar of bullying, the export of inflation. Because what they’re doing right now with the dollar is absolute currency warfare. Not just on our allies, direct allies, but even the emerging markets. And I contend that when the day comes, that China deep pegs from the dollar, you want to talk about a crash event, uh, the dollar would be in so much trouble. It already is. I think, you know, when sloppy Joe decided to go in and engage with war with Russia, they’re all in on trying to, uh, basically destroy Russia. You know, put the corporate minions in there, take over the 70 trillion natural resources. Russia’s not gonna let that happen.

And, uh, everybody, if you think Putin’s the bad evil guy, you really don’t know the history or really what’s going on in Russia because the people around Putin and the people who would succeed Putin, if he’s not there, are far more aggressive than Putin. Putin’s actually a moderate, uh, the west is trying to make him the evil one, I personally think is the West. That is the aggressive, uh, one. And unfortunately, I’m saying that, you know, to a country I love, but I believe we are the aggressors, no doubt about that. But these, these countries are getting tired of the dollar. They’re getting tired of the United States, uh, bully, um, the unfair, unjust, corrupt nature of the US government. I think it goes deeper even into the financial system. Uh, the Saudis even said that they were tired of, That’s why the Saudis walked away from the petrol dollar folks, which is huge.

Now, many think we don’t need the petrol dollar anymore because they’re going to digital currency, but I still think that that’s not gonna hold because the, the demand is going to be there, um, or not to be there. And we’re still gonna have a, a massive inflation if not hyperinflation event here in the United States, but they’re tired of it. Even the Saudis said they’re tired of the oil derivatives. Derivatives are what they trade. And the American market exchange to the derivatives control oil. So basically they will sell a billion barrels of oil. And here’s, you know, sloppy Joe talking about he’s releasing 15 million barrels. It means nothing because they can control the price of everything through derivatives. They sell more on paper than they actually own in the physical. And I mean a lot more, which is criminal, it’s corrupt. And they allow it because they say it’s providing liquidity, but it’s not providing liquidity.

It’s manipulation. The Bible would say it’s a dishonest weight and measure. It’s corruption. It’s, it’s wicked. And these nations are tired of it. And so they’re starting to actually walk away and deeg from the US dollar. I think that was really big when the Saudis said it. Uh, they talked about the derivatives. That’s what’s controls gold and silver. That’s why I still love, I think silver’s gonna be a phenomenal investment once this derivative market actually breaks down, which it is going to, it’s happening now. You will see real price and when that happens, it will be explosive. But the, the for instance in silver, they sell, I think, and now I haven’t checked the recent number, but it was like 600 ounces of silver on paper for every one real ounce in the vault for, for delivery. So you have 600 ounce or 600 people on one side and one ounce on the other side of the street.

And they say, go, Who’s gonna be lucky to get it? So our system is financially just completely rigged. It’s not even real. These derivatives control it and the derivatives need to go. We need to get back to, you know, true market. Uh, I I would say, um, sound money, but it’s just, I don’t know. We were in a battle here and this battle could be big. I know we’re losing it globally. And when this happens, this is what they call the, uh, seventh stage of the collapsing of an empire when there’s a loss of confidence in the currency. So for instance, Egypt is now out and they’re developing a new currency to wean people off the US dollar. So coming outta Cairo, out of the Reuters, Egypt is going to develop, uh, the new currency indicator. And they’re trying to wean the people off the idea that the Egyptian pound should be pegged to the US dollar.

And the new central bank governor, he repeated this publicly, so it’s not something that just floats around. Hassan Abala appointed in August. He told an economic conference that the central bank was also working to introduce currency hedging. And it already finished futures contracts as it revamps its currency trading system. The syndicator would be based on a basket. And here’s where the world is going and why the dollar’s gonna get in so much trouble. They’re basing it on a basket of currencies and possibly even gold. And I know gold’s going to be a factor. You’re gonna be surprised when that happens. And many are gonna be surprised when they find out how much gold China actually has. And he, he goes on to say, Abdalla says that it’s for the sake of the idea of pegging. And he is not talking about the price. He’s speaking about the idea.

America is not my major trading partner. He says, I don’t know why people are always fixated on the dollar. Part of our success will be in changing the culture and idea that we are pegged. We wanna be seen as a every currency. The Egyptian pound has been virtually fixed at about 15.7 pounds against the dollar for the last year and a half before the Ukrainian crisis triggered a flight of billions of dollars outta Egypt treasuries in a matter of weeks, prompting the central bank to devalue the currency in March and let it gradually weaken since then. And see, this is how we’re playing the currency warfare folks around the world. We’re, we’re literally taking it to our allies. And what’s happening is the, the dollar rising. So people are go getting out of the currencies that are falling and they’re putting their investment into the dollar.

Now, many of us may think, well, that’s a good thing for America, but it’s not because it’s done through brutality. It’s done through, you know, being a bully. It’s not good business and it’s causing just like Egypt, here they are walking away from the de the pegging concept to the dollar. And I contend wait till China does it. As soon as China de pegs from the dollar, you will see chaos because no longer will they be able to value a country’s currency. The dollar can no longer manipulate or control a country’s currency. Right now we dictate, we dictate to the world what the values of their currency is. I don’t think they’re going to go for it it much longer. I just don’t. And this currency war on our allies is a big part of it. But ever since these Ukraine crisis, we’ve caused the, now we, we say we’re raising interest rates to fight inflation.

Um, they’re not going to stop the inflation folks. They, they will kill the economy and to some extent demand destruction. But you cannot stop the inflation because the dollar is diluted. Think of dumping a b a, you know, container of cranberry juice in a toilet bowl. It’s gonna still be red. So the dollar’s still strong. You dump that same thing into Olympic swimming pool, it’ll just dilute away. That’s what they’re doing to our dollar right now. That’s why things are more expensive. It’s not that we have a ramped up heavy duty economy. It’s because the dollar is diluted. They have printed trillions of dollars since sloppy Joe and the Democrats took over and they, these trillions of dollars were monetized and they diluted your buying power. And as a direct result, everything will stay more expensive and probably continue to be more expensive. The inflation number they’re telling you when they say it’s only 8.6% year over year isn’t true.

They’re omitting gasoline and and energy and other products that are expensive. They think they’re being tricky. But the cpi, the consumer price index they use to measure inflation is we actually call it the C pli. Because if you actually go back and go to shadow stats.com and you know, see the real numbers, but if you actually go back to 1980 and use the economic model of measuring inflation, back then they were doing it honestly, they included all the products. They didn’t cherry pick. Cuz today all we do is cherry pick products and they’ll say, Oh, it’s not so bad. It’s only 8.6% actual inflation right now, today, year over year is in the area of 17%, 17 18%. That is a huge number. Now, one of the reasons they do it is for optics. So it doesn’t look so bad because they’re just lying to you.

It’s rigged. Secondly, they do it because the government has to pay out Cola cost a living adjustment to social security and, and other retirement, uh, setups. And they just can’t afford that level of increase. Right now it’s already paced that social security is getting an 8.9% increase, which is a big debt bu uh, bomb to the government. So while we’re rigging the system like this and taking it to our allies, countries are now talking and walking away from the pegging of the dollar. If we lose, which it looks like to me, we are definitely going to, but if we lose the dominance of the dollar, controlling the world, controlling behavior, influencing friends and enemies, that is the seventh stage of an empire collapse. And we are will, we will be in deep trouble. So Egypt goes on to say, since March they have been negotiating a financial support package with the imf, which has long urged it to adopt a more flexible exchange rate.

And see the IMF though, is tied in with the dollar. So these countries, they’re trying to figure it out amicably right now. But I I contend that it’s gonna get ugly. And I think if we, you know, keep escalating this war, um, in a third World War breaks out, we’re gonna see a lot of our allies go into the axis and, um, they’re gonna join the other side because they’re tired of us pushing ’em around. So the Egyptian pound has strengthened against the Euro and the British pound and the Turkish era since the Ukraine crisis. But people don’t see all that Abdullah says in the conference, despite this currency revamp, Abala said that the central bank’s primary mission would be to get inflation, which is now running at 14% under control. Now that’s the inflation over there. And you heard sloppy Joe come out and say, Well, our inflation isn’t as bad as Europe’s.

Well cuz because we’re lying, because we have no morals, we have no integrity as a nation. We can’t be honest. They think we’re stupid. And they give us this CP lie index that takes all these parts to the economy out of the equation. So it looks like it’s lower, but our inflation is actually higher, about 16, 17%. And for us to do this currency war like we are, we are exporting the inflation to these other nations. So the United States is single handedly causing the inflation in these countries as well as destroying the lives of tens of hundreds of thousands of people because of the Ukrainian war. And it’s going to get worse. I just say there, you know, I love my country, but I say there’s another way to do it. Uh, we could have been dominant. We didn’t have to be like this. Uh, it’s coming and get prepared because the deep pegging of our currency is very real and countries are doing it left and right.

I think Russia’s already off the scale and obviously, but other countries are starting to get serious about d pegging and I truly believe China plays both sides of the fence very well. I do believe China owns probably a third of our politicians. It’s pretty obvious. Uh, you know, Senator Wyden and, and so many others, uh, Feinstein and, and so many others that are in Congress, they are literally bought off by the communists. They are aligned with the communists. And yet here they’re supposed to be representing the United States when we the people, but they’re not, their financial interests are with the Chinese. We also have that in our university system. And in Hollywood, America, we’re selling our soul to the communists. And, uh, so China’s patient about de pegging, but I do believe that when the time’s right, I think when they think they got total, uh, control, maybe it comes when they invade Taiwan.

But I do believe the time is coming as soon as China de pegs. And if they blockade and invade Taiwan, we are in deep trouble because we’re not ready for microchips here locally. We’re not prepared for it. And our supply chain is already busted. I know they say there’s now a glut of microchips, but, uh, you try to ramp up an economy, it’s gonna take us three, five years to get, uh, microchip plants here in the United States. I think President Trump was in, that’s why they don’t like him because he’s actually right about making America great. That’s not what these people want a lot of in our go government wants America destroyed, wants the middle class destroyed, wants us poor, wants us to be slaves to the system. Period. It’s obvious. I don’t get, personally, I still don’t even understand the a hundred million that, you know, or 75 or 65 million that, you know, think voting for Democrats a good idea.

I just think they just are ignorant and don’t really understand. It’s unfortunate, but President Trump really does get it. He says, I heard him say it in speeches. Why are we not making this stuff here? Why don’t we make the iPhones here? Why are we not making the chips here? Why don’t we do our own pharmaceutical drugs on and on and on in the supply chain? Why are we not doing that here? If we did our own manufacturing, paid a really good wage, people would have really good jobs, really good benefits. Products are already expensive because we’re inflating our currency for money laundering events in the Green New Deal. Try to find out where that, those trillions of dollars just went. Go ahead. It’s not going to anything productive. You’ll be surprised. And so it’s a battle against the Constitution. And for those on the left and some on the right that want to take us to a, a Marxist communist world, and it’s up to us people to say no. But the countries are starting to deep peg and this is a really huge deal. You think we have inflation now? You better buckle up because there’s gonna be a lot more coming. So until next week, God bless each and every one of you.

 

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