America’s "world" changes when we lose the world reserve currency status. Simply ask yourself how we would fair if we were no longer granted a trade deficit by everyone else. If we had to give as much goods as we take. For too long we have given the world our "paper" in return for its wealth. That game ends when we lose the reserve currency status. Our debt and currency will lose value dramatically when our trading partners decide to purge the reservoirs of dollars and refill with something else. One practical question is, what will we fill our fuel tanks with when everyone realizes we have overspent our credit?

China "Attacks The Dollar" – Moves To Further Cement Renminbi Reserve Currency Status | zero hedge:  www.zerohedge.com/article/china-moves-making-renmi…rency

Advertisements
Explore posts in the same categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: