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(Tyler Durden, Zero Hedge) – I’ve been referring to September as a month to watch when it comes to the complete economic disaster that’s about to befall the Western world.
That’s not to say that it’s all going to blow up in September, but September will be the start, the boiling point at which any and all future additions will increase the likelihood and severity of an explosion.
These additions will add up to an economic meltdown intended to usher in the Central Bank Digital Currency (CBDC). One of the best examples of the explanation of the dangers of a CBDC is here.
Here’s what’s fueling my prognostication. In late August, the BRICS nations will unveil their gold or commodity-backed currency, something that will have an impact on the value of the dollar and its status as the World Reserve Currency used by the Bank of International Settlements (BIS) to settle most trades worldwide. That monopoly will end and with it trillions of dollars of international trades will be done without US participation for the first time since the end of WWII.
In September, the House and Senate will have to do something about allocating all of the money printed-up or keystroked-in when they raised the…