And I was concerned about my Peso’s.
This is probably an oversimplification....
But if the dollar is the world’s currency perhaps we are “too big to fail”. Not so much once the dollar has been replaced.
Common sense tells me that we can not sustain a stable currency with the Fed printing money. There has to be a consequence and it will not be good.
Many other countries have had periods of very unstable currency valuations. Why do we think it can NOT happen here? Just because it has not in the past is not a guarantee for the future.
I am not sure that the Chinese would be interested in it if this cause the value of the yuan to go up. On the other hand, the Russians would be more interested since a stronger ruble will allow them to purchase more for less rubles.
This is merely another facet of the Obama Presidency. In the remaining years of my life, we will not be able to repair the damage caused by this imposter over the last 22 months. (And he still has another 26 months to go). If the new House doesn’t use every means necessary to cut overall spending by 35%, you can kiss America ‘good-bye’.
Invest in Glen Beck and Buy Gold Now!
War without bullets. We knew these guys were always our enemies. They will always be our enemies until they have a free and functioning constitutional republic. The Cold War never ended it just changed weapons.
Roughly speaking, this is equivalent to barter between Russia and China.
The yuan certainly isn’t.
They should go to Euros. Then their economies can go the way of Greece, Ireland, Spain, and Portugal.