Oath Keepers: Just As We Warned - China Calls For End Of The Dollar

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By Brandon Smith, Associate Editor At Oath Keepers we have been discussing for years the probability that an economic collapse would take place in the near term, and that this economic collapse would open doors for the establishment to assert authoritarian measures supplanting the civil liberties outlined in the Constitution. A major part of our concern revolved around efforts by China, the largest foreign holder of U.S. debt and currency reserves, to quietly decouple from the American consumer and economy. My personal hypothesis held that the U.S. government would take one of two destructive paths:

A) They would continue ineffective stimulus measures to artificially prop up the economy until foreign creditors (mainly China) grew weary of having their investments devalued through inflation. China would then dump its dollar investments and demand that a new world reserve currency be launched to replace the greenback.  B) They would cut stimulus measures or refuse to raise the debt ceiling, resulting in a default scenario. This would also cause China to dump treasuries and the dollar as the world reserve currency.You can read some examples of my analysis over the years of the Chinese trigger point: http://www.alt-market.com/articles/784-how-the-us-dollar-will-be-replaced   http://oathkeepers.org/oath/2011/09/22/is-china-ready-to-pull-the-plug/   http://oathkeepers.org/oath/2013/02/11/this-is-it-china-surpasses-u-s-as-number-one-global-trading-power/   http://oathkeepers.org/oath/2011/11/15/brandon-smith-economic-collapse-we%E2%80%99re-soaking-in-it/   http://oathkeepers.org/oath/2013/09/30/government-shutdown-the-next-step-in-the-collapse-of-the-dollar/   Continue reading and comment here: Click Here