Whenever I see the word “Globalist” in an article title, I know I should not continue to read it. It is bad for my mental health to continue. But like bad late night TV, sometimes I can’t help myself. Consider the recent article by alt-market entitled, “Globalist are Bringing Their One World Currency Plans Out Into the Open“. He states the following:
In the past I have said that when globalist criminals stop trying to hide their criminality – when they start to become brazen in their rhetoric and agenda, that is when it is time for people to worry. Why? Because when criminals act more confident it is usually because they think they have already gotten away with it. Their plans are almost complete.
Over the past year, the globalists have become absolutely brazen in flaunting their endgame for a single global currency system. Yes, it is time to be concerned. But there are people out there who will tell you that the notion is “far fetched”. They will tell you that it is “doom porn”, and they will tell you it is “conspiracy theory”.
The evidence says otherwise. The evidence says it is conspiracy FACT.
The rest of the article is rhetoric and assertions. He does not highlight any facts. He than begins to list what he considers fallacies.
Fallacy #1: The Globalists Need The Dollar To Maintain Power
This is patently untrue. The dollar is nothing, just like any other fiat currency system. It is a fabrication, a fantasy. Its value is an arbitrary product of manipulated forex markets. Its buying power has dwindled to a shadow of its former glory in the past century. The globalists have resided over the life and death of multiple reserve currencies, and the dollar is no different.
The dollar is a medium of exchange. When you go to the store and buy milk you use dollars. If the author believes the dollar is nothing, he would have no problem withdrawing his accounts and have a bonfire with them.
One of the greatest advancements in economic thought was the idea that all value is subjective. This theory was advanced by William Stanley Jevons and Carl Menger. This theory has been accepted by every school of economic thought. The author claims that this is not true. He claims that the USD value is an arbitrary product of manipulated forex markets. The forex market is the most liquid market in the world and has daily transactions in the trillions per day. In short, it is a massive free market of currency exchanges. Other countries peg their currency to the USD and intervene in the free-market. This is nothing new. These countries are subsidizing their export industry. They are hurting their citizens to help the American consumer. This, along with other factors, has resulted in the dollar dominating FX reserves. 
This 60 plus percent share has been true for decades. The author does not show you this chart. He hints at it below, but does not show you the steady trend.
Fallacy #2: There Is No Other Currency Mechanism In The World That Can Take The Dollar’s Place
This fallacy relies on two assumptions – One, that no currency has the liquidity to match the dollar and fill the void in global trade if it were to fall. Two, the majority of reserves held in central banks around the world are denominated in dollars, therefore a replacement is unlikely because the world is “used to paying with dollars”.
First, liquidity is meaningless. Liquidity in any currency can be created on a whim. In fact, the Chinese have been ramping up the liquidity of the Yuan for the past ten years. Trillions in Yuan have been conjured from nothing, which is a development I have warned about repeatedly along with the Yuan’s inclusion into the IMF’s SDR basket.
This is not to say I think the Yuan will replace the dollar as the world reserve, far from it. That honor will go to another mechanism entirely, which we will discuss in a moment. The point is, fiat currencies are not limited by their liquidity, they are only limited by the restrictions that central banks set upon them. If global central banks decide in unison that they will dump the dollar as the world reserve and use another currency, then that is exactly what will happen. Liquidity can be created with the push of a button.
When one accepts the fact that the Bank for International Settlements dictates and coordinates the policies of all major central banks, then the idea that they might all drop the dollar as the world reserve at the same time becomes less difficult to grasp.
Second, as mentioned above, the vast majority of central bank forex holdings used to be in sterling, and yet, the sterling was toppled and the dollar became the world reserve very quickly.
Liquidity of the forex and currency pairs has to do with the amount of traders active in the market. The US dollar is the most actively traded currency. This is a fact. This is a function of the free-market.
First he says “liquidity is meaningless”. In the next sentence he says ” the Chinese have been ramping up the liquidity of the Yuan”. I am confused. Is it meaningless or not?
Just because a central bank creates more of a currency does not mean more people are going to trade it. If this was true, the Venezuelan bolivar would be the most liquid currency on the planet.
Why would central bankers get together to dump US dollars all at once? There is no reason why this would happen. These countries that peg to the US dollar are mercantilist. This keeps the US dollar as the king of FX reserves. The author gives no justification why central banks would coordinate to do this. He gives no indication why these mercantilist policies of foreign governments will end. This has been going on for almost a 100 years and there is zero signs of it changing.
Comparing the US to Britain after WW II is a leap. Europe was in ashes after WWII. The US, besides Pearl Harbor, was untouched. There is no parallel to the events that led to the Sterling losings its reserve status to the US dollar today.
Fallacy #3: The Globalists Already Have Total Control Through The Dollar, So Why Would They Change Anything?
This argument generally comes from people who have no understanding of the psychology of economics and the psychology of power.
First and foremost, the federal reserve and the dollar are merely a franchise of a larger system; they are but one tentacle writhing from the body of the globalist vampire squid. In the pyramid of banking power, the Fed is an errand boy, a workhorse, that is all. At the top if the pyramid sits the major global institutions which control policy, including the IMF, the BIS, World Bank and the UN.
Strictly speaking, economics does not have a psychology. Individuals have a psychology. Economics picks up where the study of psychology leaves it. An economist is only concerned that a person chooses “A” over “B”. Why a person chooses “A” over “B” is the job of the psychologist.
The BIS is a clearing house for central bankers. I don’t know what he means when he says the BIS controls policies. The UN, IMF and World Bank are gigantic bureaucracies. They have no teeth. Bureaucracies hate to be told what to do by other bureaucracies. This is why some central banks are expanding their balance sheets and other contracting. Do central bankers get together and talk to one another? Sure they do. But so what? This is nothing new.
He than makes the stupidest of all his claims. The SDR is going to become a world currency to replace the dollar.
The SDR’s role as a bridge is also being confirmed in the mainstream. In 2017, globalist Mohamed El-Erian called for the SDR to act as a structure for a one world currency system, and stated that this would be useful in combating “the rise of populism”.
The ‘value’ of the SDR, is primarily composed of US dollars. The author claims that the USD is going down. In the same article he claims the SDR, which a large component of its value is derived from the USD, is going to take its place. You see the logic in this?
Every ideology has a fringe. This is an example of the right-wing fringe. He is talking about a subject he knows nothing about. When you see the word “Globalist”, run for the hills.
People are leaving the state. Thirty years ago it was difficult to leave a state. You had to search in local papers and go to in person job interviews. The internet has changed all of this. Someone half way around the country can call a potential employee and offer them a job after a Skype interview. This has accelerated the exodus from high taxed states over the last decade.
