The United States economy may face peril should China and Russia end up deciding to trade within their own gold-backed money, and U.S. dollars no longer are considered the world’s number one currency, retired U.S. Air Force Brigadier General Blaine Holt told Newsmax on Sunday.
“Amidst all the crises and wars and stuff that we see, this is all camouflaging this number-one issue,” Holt, a Newsmax contributor and former deputy military representative to NATO, argued on Newsmax’s “Wake Up America.” “If we lose the reserve world currency, which is absolutely in the crosshairs of [China’s President] Xi Jinping and [Russian President] Vladimir Putin and other countries, our lives will be so completely different.”
“Americans need to wake up and start educating themselves about this or they’re going to be educated, whether they want to or not.”
Holt argued that it is Russia’s “top-line goal” for the U.S. dollar to become “worthless.”
“They are backed up by some formidable allies,” Holt explained. “Xi Jinping and the World Economic Forum, they’re not at odds with each other. They’re completely aligned in their goals. Vladimir Putin and Russia, they’re really, really just kind of a client state and they’re becoming a client state of China.”
Europe is in grave trouble, retired U.S. Air Force Brigadier General Blaine Holt said.
— NEWSMAX (@NEWSMAX) November 27, 2022
Holt alleged that China is currently “preparing for war with their attacks and exercises on Taiwan.”
He also said that “nobody’s really reporting on what’s going on with COVID.”
“They’re lying again,” charged Holt. “Crematoriums are running 24-7 in their country and they’re saying that they only lost between 50 and 100 in this recent strain of COVID, and we’re not stopping them from traveling around the world.”
According to Holt, “nobody’s been held to account” despite blunders by Joe Biden’s national security team.
“We’re watching dollars we’re going to need to fly out the door and nobody wants to tell us how they’re being used,” he said. “China’s taking this all very seriously. Cash-wise, they’re broke but Xi Jinping and the World Economic Forum have, in preparation steps, that we had better start waking up and paying attention to.”
Holt similarly criticized the Biden administration for its decision in December to trade Russian arms dealer Viktor Bout for American WNBA star Brittney Griner, calling Bout a “clear and future danger to the American people.”