Sunday, October 12, 2008
US Dollar is finished
The U.S. Dollar as the world's reserve currency has now been called an experiment and a historical anomaly by the Council on Foreign Relations. This is an accurate assessment as never before in the history of man have we had a reserve currency on a global scale with no backing. A hundred years ago, it was inconceivable that a monetary system could exist without gold or silver, now many economists can’t conceive of a monetary system with gold and silver. It is literal madness, but that mindset might be changing. Currently, the U.S. Dollar and the Euro are competing for the status as the world’s reserve currency despite the fact that neither monetary unit has any backing. The economic elites are now pondering bringing back gold to play a role in the global economy. The Council on Foreign Relations has economists openly discussing this possibility as the experiment in paper money continues to unravel. This is a bullish sign for precious metals considering the influence that this group has with the establishment.
Labels: depression, recession,gold,silver
currency,
global,
monetary system,
us dollar
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Whatever the CFR says... I'm going with the opposite.
ReplyDeleteThe Treasonous agenda of the council on foreign relations.
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=44841