Yeah. It explains very thoroughly that we are in the process of no longer becoming the world’s reserve currency. It explains how oil is traded in dollars, how other countries around the world are no longer wanting to trade in dollars but a basket of currencies and gold.
It explains how we are able to get away with printing money the way we do—because, again, we’re the world’s reserve currency. This is changing right before our eyes and he sites examples of it happening already; sites historical examples like Great Britain, and other countries.
Most of the information circles around the general theme above.
I wouldn’t say it’s “not real” information; just NOT NEW information depending on who you are, and what you know/don’t know.
*cites
That’s embarrassing.
OK thanks for his summation. So he concludes that the dollar will lose reserve currency status. OK, that is not unimaginable. I think it is a hard sell, since I don’t know what is stable enough to replace it.
Yes, I hear of this “basket” of currencies, but as they fluctuate, you will have a constantly changing basket weighted differently all the time. Perhaps people think this will cause greater stability being the average of currencies, but I don’t see it. But then, I’m not all that smart.
Thanks for the summary.