THE US is gearing for a dollar collapse that might end its economic domination of the world.
Fears have been building around since early this year, with investors worried about the collapse of the US dollar.
The US is now on the verge of a similar collapse to 2007 that could endanger global markets and drag the global economy into economic freefall.
The Universal Digital Currency Reserve Foundation, COO Victoria Walker told Vanguard, “ It’s clear to see the US are heading to a dollar crisis and a sovereign debt crisis. The current situation is different than what happened in 2008, this time we’re seeing a general loss of confidence in the US dollar as the global reserve currency”
China, Russia and many Asian central banks have now started accumulating gold in fear of the imminent collapse of the dollar. Central banks around the world are attempting to diversify from the US dollar of which many countries have become overly reliant due to holding massive foreign exchange reserves in the dollar.
She added “The current fiat cash bubble, consisting of dozens of trillions in USD in the global economy, cannot exist forever. They’ve created hundreds of trillions of dollars, of debt obligations that simply can never be repaid, and it’s inevitable the fiat will burst in way we’ve never seen in the history. This is the perfect opportunity for Africa to redeem itself from the economic domination of the West”
Walker believes the weaking of the US dollar will create demand for a gold-backed digital currency for international trade and finance.
“Countries in Africa are now trading precious commodities for worthless pieces of paper. China, Russia and Asia are waking up to this fact, so gold, which has always been the trade currency throughout history, is now making a comeback for central banks and investors’
The Central Bank in the US has insisted there will be no crisis but Walker believes it is unavoidable.
She added: “This looming US debt bubble is too big, there’s no bailout, there’s no way out of this.”
The Universal Digital Currency Reserve Foundation is the issuer of largest gold- backed digital currency on the blockchain, designed to help all levels of people in poverty, the unbanked as they call them, to be accomodated and to allow microfinance to thrive to assist in lifting the some three billion people out of poverty and allowing them to participate in global recovery and prosperity