U.S. dollar has lost its power

Most nations know that the U.S. dollar has lost its purchasing power. These nations will avoid doing business with America, as the dollar is toxic and volatile, so groups of nations are forming trading agreements. For example, the BRICS nations are Brazil, Russia, India, China and South Africa, and they will trade goods and services, avoiding the U.S. dollar.

In 1971, Kissinger met with the OPEC nations to broker an oil deal that the United States and all other nations buying OPEC oil would have to buy in U.S. dollars and the United States would never build another oil refinery knowing that the dollar lost its gold backing. We have been getting our oil and Chinese goods 'for free,” but those dollars are coming home to be spent in the United States. ...

A Chinese firm bought JP Morgan headquarters in New York and Chinese firms own much other commercial real estate in Manhattan.

Water rights, national parks, resources on federal land, idle manufacturing plants throughout the heartland. Wall Street and the dollar are dead and everyone knows, except Americans, but that will 'change” soon.

Maurice Anholt

Cedar Rapids