More Moves Away from the Dollar
Many countries are taking serious steps to discontinue use of the dollar as the trade (and bank reserve) currency. In the news lately were the BRICS (Brazil, Russia, India, China, and South Africa), now we can add Japan and South Korea to the list of those trying to protect themselves from the likes of Greenspan, Bernanke, and our public spenders. A few short years ago US Treasuries were "the safest investment in the world". They are becoming the most shunned. My point is, America has not seen its "great recession" yet, in spite of a steady downtrend (recession) starting in 2001, masked by stimulus and currency manipulation. Just a reminder, when we print and spend, we rob those that hold our debt. No one likes to be robbed.
Asian trio to study dollar alternative: report – MarketWatch: www.marketwatch.com/story/asian-trio-to-study-doll…05-04