Wednesday, April 20, 2011

If you’re not preparing for mega-inflation already, you need to start doing so NOW

Stick a fork in Bernanke's Monopoly money, it's done...

In case you missed it, earlier this week China announced that its foreign currency reserves are excessive and that they need to return to “reasonable” levels.

In politician speak, this is a clear, “we are sick of the US Dollar and will be taking steps to lower our holdings.” Remember, the US Dollar is China’s largest single holding. And China has already begun dumping Treasuries (US Debt).


In simple terms, China is done playing nice and is now actively moving out of US Dollar denominated assets. This is the beginning of the US Dollar’s end as world reserve currency.

It’s Official: China Will Be Dumping US Dollars

1 comment:

  1. Time to get rid of money and go to a Resource Based Economy. Money is insanity.Competition is insanity. Scarcity economics is insanity.


If the post you are commenting on is more than 30 days old, your comment will have to await approval before being published. Rest assured, however, that as long as it is not spam, it will be published in due time.

Related Posts with Thumbnails