PING!
Not without enthusiastic accomplices in the White House and at the Federal Reserve.
Well, I hate to say it but, if I was a mortal enemy of the United States, much like China and Russia are, I’d attack the ever lovin’ **** out of us right now while we have this un-****ing-believable moron for president elected by the un-****ing- believable moron citizens of this country.
If you want your enemy finished, then you kick him while he is down so many times as hard as you can so that he never stands up again.
That is the way it is done, and we haven’t been this far down ever.
There are only two stable currencies that could replace the dollar, the yuan and ruble. The ascension of either would destroy the Clinton-Soros plan to strip Russian wealth by currency manipulation, and Soros would be forced to manipulate the dollar for profit.
Irony at it's finest.
The article itself says it - Bernanke and the Federal Reserve have been flooding the world with dollars.
If you want to know how the US currency will collapse, look no further than Washington DC
China would rather keep the big dollar going in order to continue the trade imbalances and get rich by selling to us. But with our USA no longer manufacturing enough products for trade and our decreasing capability to buy many products, Chinese interests are naturally afraid. They’re exporting to a dwindling market. They’re trying to find other customers and a currency that won’t be worthless before long (dollar shrinking due to lack of American exports).
The real solution for us is to repeal/abolish many regulations in all levels of government—regulations that stand against American production.
Not gold or silver, but related...
I think it deserves a goldbug ping. What say you?
We have heard this song before.
What currency would replace the dollar as the reserve currency?
Not the Euro because the ECB will not issue sufficient Euros to replace the dollar.
Not the Swiss franc for the same reason.
Not Japan nor China.
Hot air.
Goldbug related Ping
The culprits are Barack Obama and Ben Bernanke.
What was it the governor of TX had to say about the latter, lo, these many months ago?
Remember the government can print all the money it wants, but they can not print the confidence to make the money have any value…..
Shame that so many people are needing to invest in precious metals.. i.e lead and brass. We are about to enter a down hill spiral... Question is, will be pull out of the dive or just crash and burn?
The inflation (devaluation) is coming but it is not Russia and China causing it. Their actions if real, are to protect their own economic interests. The devaluation is the unstated goal of the American government. It has been underway for some time and will continue until the debt is reduced to a manageable level.
What is coming is a gold standard. The change will probably be introduced by nations not America nor Europe. They will simply demand settlement for trade debt in gold. The International Bank of Settlements will settle the national accounts in gold and things will go on. Who? I suspect the nations will be East Of Suez........ the GCC, Maylasia, Indonesia, Singapore, maybe China and India, probably Russia.
Although the transactions will be settled on International Bank of Settlements ledgers in Switzerland, payment might actually be made in New York or London. The physical gold is merely moved from one room to another in the US Federal Reserve vault in New York.
Eventually America and Europe will revert to gold as well. There will be no real choice in the matter. It will just happen.
And, the will of the people being what it apparently is - after many years of amoral, godless, self-oriented and/or misguided leadership - we're not about to change that foolish course in any meaningful way until we're forced to do so.
Sadly.
Guess that’s why there are so many shops buying gold - it goes right out of the U.S. making America a poorer place.