Janet Yellen Confirms U.S. Dollar To Lose World Reserve Currency Status?

About 2-3 years ago, Bo Polny first started coming on my show to warn that the U.S. Dollar could lose it’s World Reserve Currency status.

Many laughed.

Few even considered it could be possible.

And yet flash forward to present day and it’s all over the news every day.

The Saudis have ditched the U.S. Dollar (the “petrodollar”) and joined the BRICS.

As I said recently, the patient has already died, we just haven’t had the funeral yet.

But it’s coming.

Because now it’s not just Bo Polny warning us, now I give you head of the “Federal Reserve” Janet Yellen commenting on whether or not the U.S. Dollar will fall and lose its World Reserve Currency status.

Spoiler alert, she ultimately tries to defend the Dollar and say it’s fine, but it’s written all over her face — it’s doomed.

It’s also obvious from reading between the lines of her comments that she is worried.

Check this out:

U.S. Dollar kaput as per Janet Yellen?https://t.co/SDOLdoZQG7

— Benji Yamamoto (@Benji_Newz) September 24, 2023

What a legacy to have:

Yellen is Overseeing ‘the End of the Dollar Empire’…. https://t.co/k8vDzoGEi4 https://t.co/MG6pJJeuSt

— 🍊Prudence🍊 (@Dennygirl817) September 25, 2023

From Yahoo Finance:

The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over.

Treasury Secretary Jannet Yellen gave her two cents on the matter during a congressional hearing in June — stating that no currency currently exists that could displace the greenback.

U.S. sanctions and foreign policy plays have inspired a backlash from China, Russia and other prominent countries who may be keen to dethrone the dollar.

Yellen remains adamant that “it will not be easy for any country to devise a way to get around the dollar.” She did, however, warn that the dollar’s share of global reserves may continue to decline as countries look to “diversify.”

Here’s why the topic of de-dollarization is front and center these days — and what you can do if you’re worried about the strength of the dollar.

Impact of U.S. sanctions

The dollar’s dominance in global trade and capital flow dates back at least 80 years — not just because the U.S. is the world’s largest economy, but also because oil and other essential commodities are priced in the greenback.

However, recent events — including the Fed’s aggressive rate hikes to stem domestic inflation, the trade war with China and the U.S. sanctions enforced after Russia’s invasion of Ukraine — have caused more countries to call for trade to be carried out in other currencies besides the U.S. dollar.

Prominent powerhouses India and the United Arab Emirates (UAE) have officially started trading with each other in their local currencies. The Indian government announced recently that the country’s leading petroleum refiner, Indian Oil Corp., used the local rupee to buy one million barrels of oil from the Abu Dhabi National Oil Company — not the greenback.

At the 14th BRICS Summit last year, Russian President Vladimir Putin announced measures to create a new “international currency standard.” Meanwhile, China has been urging oil producers and major exporters to accept yuan for payments, and major oil exporter Saudi Arabia has said it’s “open” to the idea of trading other currencies.

This headline should be terrifying:

As always, we’ve been on this story FIRST.

We were on it first 2-3 years ago, but even recently we’ve been shouting warnings from the rooftops…

Just yesterday I warned you about this:

U.S. DEBT COLLAPSE IMMINENT?

Are things about to go from Bad to Worse?

The only reason we have such a high standard of living here in the United States is because the U.S. Dollar (“petrodollar”) has been the World Reserve Currency for a long time.

Our standard of living is unique to almost all other places in the world.

And it’s NOT guaranteed.

I’ve been sounding the alarm bells recently and it looks like we may be in the final stretch of an imminent collapse.

And when it falls?

Worse than the Great Depression — and here’s that word again: overnight.

Watch this and I think you’ll understand:

The standard of living in America will FALL OVERNIGHT if the petrodollar falls…

"Worse than the Great Depression"

🚨🚨🚨 PREPARE NOW 🚨🚨🚨

Watch: pic.twitter.com/bBbq9TI0oP

— DailyNoah.com (@DailyNoahNews) June 24, 2023

Now with that understanding in mind, let’s get back to our headline report.

The U.S. Government is headed for a shutdown:

I’m done watching Texans get run over by a lawless, broken border. I will not allow the Biden Administration a pass.

Ahead of government shutdown, House Republicans vow to 'die on the hill to secure the border' https://t.co/NCtQtG04Ri via @expressnews

— Chip Roy (@chiproytx) September 27, 2023

REPORT: Matt Gaetz Tells House To Withhold His Pay During Government Shutdown..

"It is my understanding that pursuant to the Constitution, members of Congress will continue to receive their pay during a lapse in appropriations.

"Therefore, I am requesting that in the case of a… pic.twitter.com/mPQlRHIATb

— Chuck Callesto (@ChuckCallesto) September 26, 2023

Here’s how these things always tend to play out….

Once the crisis hits, it’s always too late.

Think you’ll just take your money out of the banks and buy gold and crypto once you start to see the warning signs of a crash?

In a word?  —  “LOL”

Remember in 2001 after 9/11 when everything closed?

You could access your bank accounts and you definitely couldn’t trade anything on the stock market.

I believe we’ll see that again here.

You’ll be frozen out in some way and by that time it will be too late.

Here’s what Reuters reports:

Republican U.S. House Speaker Kevin McCarthy on Wednesday rejected a stopgap funding bill advancing in the Senate, bringing Washington closer to its fourth partial shutdown of the U.S. government in a decade with just four days to go.

That would lead to the furlough of hundreds of thousands of federal workers and the suspension of a wide range of government services, from economic data releases to nutrition benefits, until Congress manages to pass a funding bill that President Joe Biden, a Democrat, would sign into law.

The Senate plan, which advanced on a wide bipartisan margin on Tuesday, would fund the government through Nov. 17, giving lawmakers more time to agree on funding levels for the full fiscal year beginning Oct. 1.

Top Senate Democrat Chuck Schumer said the Senate would hold the next procedural vote on its bill on Thursday, unless senators can reach an agreement that would allow them to vote sooner.

McCarthy’s House of Representatives was focusing its efforts on trying to agree on more of the 12 separate full-year funding bills, of which they have so far passed one.

“I don’t see the support in the House” for the Senate plan, McCarthy said, though the bill has the support of Senate Republicans, including Minority Leader Mitch McConnell.

The House was expected to vote late into the night on amendments to specific funding bills, though even if all four of those bills were to be signed into law by Saturday, on their own they would not be enough to prevent a partial government shutdown.

Now with ALL of that background, I want you to watch this video from Chris Greene over at AMTV Media.

I think he nails this one:

https://www.youtube.com/watch?v=s4AHn_wTmB8&t=580s

Everything is lining up (for something very bad).

I think this is a great warning from Chris Greene…

Janet Yellen of all people just confirmed the same thing (read more on that below)…

And Bo Polny just told me the same thing two days ago!

You have to see this:

Bo Polny: Sound The Trumpet, The Death of the U.S. Dollar

Bo Polny was back on my show today….

Actually it was a day or so ago, but I’m finally able to post this now.

So much in here, I think you’re really going to love this.

We actually recorded this right on Yom Kippur, so that was pretty cool….

Great timing when you’re talking to the “Analyst of Time”!

That’s why we Sound the Trumpet because that’s what you do on that Feast Day!

Did any of you sound your Trumpets?

If not, it’s not too late!

Also great timing because Bo has some really big things ahead for us.

And a lot of it revolves around the U.S. Dollar, Gold, Silver and Crypto.

While the MSM is telling us the Dollar just had a “Golden Cross” (which means it would typically go higher and get stronger) Bo says his cycles show the exact opposite.

He actually sees a major crash in the U.S. Dollar.

Ok, so what does that mean?

It would mean (typically) that Gold, Silver and Crypto are about to skyrocket….

We’re going vertical Mav!

Gotta love Top Gun.

But this is serious.

Bo says there’s not much time left before the U.S. Dollar absolutely crashes.

He first told us to watch the Dollar 2-3 years ago and that it would lose its World Reserve Currency status.

Everyone laughed at the time, but they’re not laughing now.

In fact, with the Saudi’s officially joining BRICS, the U.S. “petrodollar” is officially done.

The patient has died on the operating table, we just haven’t had the funeral yet.

But Bo says the funeral is coming VERY soon, and it’s going to be an UGLY one.

Even Janet Yellen just admitted it…

This was pretty stunning to see:

U.S. Dollar kaput as per Janet Yellen?https://t.co/SDOLdoZQG7

— Benji Yamamoto (@Benji_Newz) September 24, 2023

Ok, so without any further delay, let me get you right into this one…

Watch safely here on Rumble:

And on YouTube as well:

As always, here are all the links you need:

👉 Download Bo’s slides for free: https://qrco.de/beM0jP

👉 If you want Bo’s trading Newsletter, go to https://www.gold2020forecast.com/cryptocurrency-index ➡️ use code WLT49 (LIMITED TIME DISCOUNT)

💥 For access to the Easy Crypto School, go to https://www.easycryptoschool.com ➡️ use code WLT49 (LIMITED TIME DISCOUNT)

That will get you all set for crypto.

If you want Gold and Silver, I have you covered there too.

Keep reading for the hookup…

Here’s the most important part — make sure you get PHYSICAL gold and silver.

Not paper traded garbage on the stock exchanges that isn’t backed by anything.

Don’t touch that stuff.

I have two special hook-ups for you.

Both involve PHYSICAL gold and silver.

Because if you do NOTHING else, make sure you own “physical” gold and silver, not paper contracts.

The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they’re not actually backed by the gold and silver they claim to represent.

It’s a massive game of musical chairs out there and when the music stops (and I think it will stop soon…) people who only own paper might find themselves owning something not worth the paper it’s literally written on.

Now…WHERE do you get physical gold and silver and how do you know it’s real and safe?

And that you’re getting the best price?

Oh, and how about personal one-on-one real customer service?