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The war began with a press release.
Dated May 13, 2010, it came from the Central Bank of the Russian Federation and said the Russian government “hereby announces the following facilities and processes which are in place and available for counterparty inquiry immediately.”
Sounds innocent enough, but savvy investment experts got the message: It was the opening salvo in a sneak economic attack on the U.S. dollar.
The Russian Central Bank was creating a new global currency, the “gold reserve dollar,” which would be issued by a financial agent in London and backed by tons of Russian gold shipped to secure vaults in Switzerland, the press release said.
The goal: to drive the value of the U.S. dollar down by 75 percent overnight and wreak havoc on the struggling American economy.
Thankfully, the press release was a fake. It was written by economic intelligence analyst James Rickards and presented on March 24 to the Unrestricted Warfare Symposium at the Johns Hopkins University Applied Physics Laboratory.
But Rickards’ point was all too real: The American dollar is vulnerable as never before to attack from hostile foreign governments. And the consequences of such an attack could be devastating.
Originally posted by The Lass
You sink your own currency by printing dollars backed by nothing, by borrowing money you don't have, buying crap you don't need, by invading countries which pose no threat and by acting as the global policeman that's no longer required.
If anyone's been sabotaging the dollar it's John Doe himself.
Blame yourselves for your own misfortune, no-one else.
Originally posted by MajesticJax
Even though it's a "non-violent" way to sink another country- it's also an act of war, and could theoretically be dealt with accordingly.