They started this chapter with an excellent point: the US dollar is as valuable as people believe it is. Which was their point in the last section. So say if Japan no longer believes we can pay our national debt, then the dollar will lose its value. The national debt is the combined debt of a nation. It is made up of individual citizen debt, corporate debt, and government debt. With that we have to look logically at why in hell are foreign countries buying our debt to keep us afloat. If they drop our debt then not only would our system crash but, we would no longer have the financial means to invade countries that tell us no. I would go so far as to say it may leave us vulnerable to a well-deserved invasion of our country. I know that won't be a popular statement. I don't care. When you look at all the damage we have done across the world for a nation that will sell us out, we deserve to be invaded by China, Russia, North Korea, or even Venezuela.
They go on to discuss the possibility of a digital currency that will challenge the US dollar. While they aren't being completely honest about what is in existence now, I don't believe for a second there isn't one. I simply don't buy it. People like the two who wrote this book know that there is a currency ready to replace the dollar in dominance. To say otherwise is irresponsible. The bottom line is, if American citizens believe their dollar is strong, it will be. Of course, the opposite is true as well.
https://youtu.be/nTp6r0bu0Zw
Bibliography
Schwab, K., & Malleret, T. (2020). COVID-19: The Great Reset. Forum Publishing.
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