NEWS RELEASE
FOR IMMEDIATE RELEASE
Knoxville, Tennessee -- December 19, 2025 -- Elliott Schuchardt, a candidate for the Tennessee General Assembly, says that the United States needs to prepare for a drop in the value of the dollar.
Schuchardt points to data showing that foreign countries are selling their holdings of U.S. Treasury bonds, and purchasing gold instead.
According to the latest report from the U.S. Treasury, Canada sold 10% of its U.S. Treasury holdings in October. Canada's holdings dropped from $476 billion to $419 billion -- in just one month.
China also continued to sell U.S. Treasuries. China's holdings of the bonds fell from $700.5 billion, in September, to $689 billion in October.
Schuchardt says that Tennessee needs to prepare for a possible drop in the value of the dollar. He points to the efforts of the new BRICS alliance, to replace the U.S. dollar for world trade. BRICS is an alliance of nations that makes up more than half of the world's population. The alliance controls 42% of global oil production, and more than 44% of the planet's production of grains, such as wheat and rice.
Schuchardt says that BRICS could choose to replace the dollar for the world commodities markets. When this happens, he says, the dollar could drop by 50%. This could double the price of goods imported into the United States.
Schuchardt says that Tennessee needs to prepare for this foreseeable crisis. Tennessee needs to work with the federal government to ensure that the Strategic Petroleum Reserve is filled. We also need to secure our supply chains for essential products, such as food and clothing.
* * *
Schuchardt is the author of America's Achilles Heel: How to Protect Your Family When America Loses the Reserve Currency. He is a candidate for the Tennessee General Assembly in the August 2026 primary.
CONTACT:
Elliott J.
Schuchardt
2322 Jockey Run
Trail
Knoxville, TN
37920
Call or Text:
(865) 304-4374
E-mail: elliott016@gmail.com
Campaign website: www.elect-schuchardt.com/
Twitter or
X: https://x.com/EJSchuchardt
Book
Website: www.elliott-author.com
# # #
