Posted on 07/17/2009 9:14:13 AM PDT by h20skier66
Suddenly the pressure from China to change the world's monetary order is pressing. At the G-8 China asked for the forum to debate proposals for a new global reserve currency! They were largely ignored! China's rising presence in the global economy [$2 trillion reserves now] and the threatening weakness of the $ is prompting China to act in this way and with speed. Not only the Chinese but the French, Finance Minister and Central Bank President called for greater currency stability and a system to avoid piling up currency reserves as we see with the $. It is clear that more and more countries are objecting to the debasement of the U.S. $ through Trade deficits and Quantitative Easing.
(Excerpt) Read more at commoditynewscenter.com ...
Gold wont hold value or appreciate nearly as well as precision firearms.
As many people know.
Brass and Lead is a good investment.
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