Tue Mar 28, 2023 – 6:21 pm EDT
(LifeSiteNews) — A former assistant secretary of the U.S. Department of the Treasury has sounded an alarm warning that should Saudi Aribia begin trading oil in currencies other than the U.S. dollar, the results would include a “complete implosion” of the American and global economic system, “raging inflation,” the “end of the U.S. dollar,” and “the loss of your individual economic freedom.”
“They’re setting it up so that they can then come to the rescue by introducing central bank digital currencies,” said Monica Crowley, who served during the Trump administration. Such a development would mean “the government will have total access and control of everything you buy and sell and the ability to turn it off like that,” she said, snapping her fingers.
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Introducing the interview topic on the Fox and Friends Weekend show, Fox News host Will Cain reviewed the strengthening partnership between Russia and China, with the former committing to make more international transactions in the Chinese yuan instead of the U.S. dollar, which has been the world’s reserve currency for many decades.
In addition, China is recognized as helping to
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