This article was originally published by Pierre Un TheGreatResetFilms.com

In the 18th century, the Dutch introduced the concept of mutual funds, allowing investors to diversify between different international bonds.

The same concept was adopted in London in the 19th century. This concept is what allowed companies like Asset Management F&C in 1868.

why? F&C operated a portfolio of high-yield international bonds, which pushed forward the concept of portfolio diversification, with the idea that grouping different securities together reduces portfolio risk.

This is true of financial theory, and anyone with a higher education in finance has certainly worked to build various models around it. At the time, though, they believed that adding any kind of additional assets to the portfolio reduced their risk – and we now know that’s not the case.

Of course, London at that time was where the money is. After the defeat of France during the Napoleonic Wars (1), the United Kingdom established itself as the most powerful empire in the world and spread the British pound worldwide. This diversification theory has been a great reason to invest in the entire world. Stock exchanges began to spread all over the world and were a sign of a developed capital. “Between 1880 and 1910, more than half of the world’s markets were launched” (William N. Goetzmann).

The British Empire was far-reaching and majestic, but after World War I, World War II and multiple bankruptcies during this period, it had to step aside and let another power take over: the United States.

The United States grew its influence in a similar way:

  1. This is where the money was
  2. Benefit from international markets and international investments

The US dollar was at the center of this expansion, and the US was the dominant currency, giving it significant influence over the rest of the world. Since then, the United States has repeatedly used military force to establish and defend the state of the US dollar.

We have seen this in Iraq (2) and in other international conflicts. The United States has to defend the status of the US dollar, because without the status of the world’s reserve currency, the status quo of the United States is in jeopardy and could have significant effects on the US economy and its citizens, or at least that is what it seems to have had for as long as US leaders have believed.

The fact is that in an effort to preserve its status and the system that was created as a result of the Bretton Woods agreement, the leaders of the United States are slowly destroying the value of the US dollar and their compatriots along the way. There are some pretty clear graphs of this long-term phenomenon that can be seen over here.

This, of course, is not just an American phenomenon, but it was true for the rest of the world as well. By using the petrodollar, the European dollar and the US dollar as the global reserve currency, every other currency was devalued faster than the US dollar, with the same, if not worse, effects everywhere else. Many of these points are covered in my movie The Great Reset and the Rise of Bitcoin (3).

Today, we seem to be at a turning point. The fight for the US dollar is advancing strongly in Europe, namely in Ukraine. Headlines around the world focus only on the conflict, but omits to mention what’s going on in the background, at the risk of exposing the true geopolitical plays.

The BRICS countries have given more than clear hints about their medium to long-term views on the future of the US dollar. They have officially announced that they are building a new reserve currency on the basis of real fixed assets, which includes some precious metals (4), forcing the United States to try to cement its position as the “global police” that it has been in for a while. . We see this by the influence that was used after the result of the presidential elections in Pakistan (5) and the position they are trying to take in the relationship between China and Taiwan (6).

On another continent, the fight for the US dollar is also going on. Central America has always been under a great deal of influence from the United States. Thomas Jefferson himself said “In whatever governments they will end, they will be American governments, and they will no longer partake in the never-ending rumors of Europe. America has a hemisphere to itself.” (7) Meaning that they will make sure that the European countries leave the region, so that they can influence the region themselves.

A small country, historically devastated by the United States and its over-expansion in the region, is trying to break away from the US dollar it adopted in 2001, following the weak domestic monetary policy that has been in place for decades. In September 2021, in a historic move, El Salvador, the smallest country in the region, was the first country in the world to adopt bitcoin as a legal currency, igniting a fire that forced the US government to set its eyes on the region once again.

Since then, El Salvador has become a more important topic in the international media. Thanks to this move, tourism in El Salvador has increased by 30% since the launch of the Bitcoin law (8), and as stated by their president, Nep Bukele, the GDP of El Salvador grew by 10.3% in 2021, the first year in their history. Double-digit GDP growth (9).

On the international stage, though, their relationships seem to have changed since the adoption of Bitcoin. The best sign of this is the El Salvador Crypto Accountability Act (ACES) (10), legislation introduced by US Senators Jim Risch (R-Idaho), Bob Menendez (DN.J.) and Bill Cassidy (Republic of La.).

The goal of this legislation is to allow the United States to monitor the adoption of bitcoin in El Salvador and take action if they consider it could pose a risk to the American economy. As a reminder, the GDP of the United States in 2021 was $23 trillion, while that of El Salvador was $28.7 billion.

This makes El Salvador’s economy 1,000 times smaller than the US economy. It seems that the goal of this legislation is not to mitigate the risks that El Salvador poses to the US economy, but to have you a victim in the event that they consider Bitcoin to be dangerous. for the US dollar.

Samson Mao, CEO of JAN3, described this as the best over here:

Another important point to note is Najib Boukil’s popularity in the region. Bitcoin adoption comes with better long-term adoption. He is among the most popular presidents in his country’s history and is the most popular president in Latin America (11).

Since the adoption of Bitcoin in El Salvador, other countries in the region have considered adopting it as well, but they have slowed their adoption due to external pressure. Honduras is progressing slowly, though, thanks to regions or cities that operate independently in hopes of attracting foreign investment and tourism.

The fight for the US dollar being waged by the US government is a fascinating story. We are at a turning point in history, when the US dollar may lose its standing, and the US government will do almost anything to defend its status. One of their actions in this direction is to censor the use of bitcoin in the world.

We are working on a documentary project that explores the actors trying to prevent bitcoin adoption in the world. Find out more here: https://geyser.fund/project/thefightfortheusd

Sources:

  1. https://en.wikipedia.org/wiki/Napoleonic_Wars
  2. https://maajidnawaz.substack.com/p/nuclear-pakistan-is-in-revolt-against
  3. The Big Reset and the Rise of Bitcoin
  4. https://www.themoneycloud.com/market-insights/current-events/2015/05/what-does-brics-new-currency-reserve-mean-for-you#:~:text=This The %2C pool is known as, for short-term crisis.
  5. The Inevitable Revolutions: The United States in Central America, Walter Lafeber, 1983
  6. https://apnews.com/article/taiwan-biden-asia-united-states-beijing-e3a6ea22e004f21e6b2a28b0f28ec4c5
  7. https://www.lynalden.com/fraying-petrodollar-system/
  8. https://elsalvadorinenglish.com/2022/02/21/el-salvadors-tourism-has-grown-by-30-since-the-bitcoin-law/
  9. https://twitter.com/nayibbukele/status/1495126452030914562?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1495126452030914562|twgr^e262efe71b2dc9c5a6a59e4c6bfelewd82%F%2cd%2cd In-El-Salvador-until -30-since-adopt-bitcoin-minister-says
  10. https://www.foreign.senate.gov/press/ranking/release/risch-menendez-cassidy-introduce-legislation-to-mitigate-risks-of-el-salvadors-adoption-of-bitcoin#:~:text = today Provide accountability to the US financial system.
  11. https://elsalvadorinfo.net/nayib-bukele-approval-rate/