Monday, October 5, 2015

Reserve Currency Status....ANOTHER PESKY FACT!

Reserve Currency Status

The pompous academic "intellectuals" who are supposed to micromanage the US economy have failed!

How can they fix the biggest problem facing the US economy when they fail to even accurately diagnose what the problem is?

The same old Fed tools will be used and abused in hopes of kicking the can down a few more months at at time, be it QE 4, 5, or ever more negative rates.

How long will this continue? 

Now that is a very simple question: it will continue until the dollar loses its reserve status, just like the pound before it, and the livre before that, and the guilder before that, and so on.

CHINA, RUSSIA AND THE REST OF THE WORLD ARE TIRED OF THE ADVANTAGE RESERVE CURRENCY STATUS HAS GIVEN AMERICA. THEY ARE ANGRY ABOUT HOW WE HAVE ABUSED THIS PRIVILEGE. THEY HAVE ALL REACHED THE POINT OF NO RETURN AND ARE DETERMINED TO REMOVE THE DOLLAR AND THE U.S. AS THE WORLDS KINGPIN.



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