Any thinking person with a calculator knows that the current global monetary system is going to fail given enough time. Rather than going through the charade of more quantitative easing, what if the central banks, the collaborating Western governments, and the financial elites decide to let the system fail now? [What if]…people in control…have a plan…to accelerate the emergence of a new dollar.
So says Robert Fitzwilson in edited excerpts from an interview with King World News as provided by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in its entirety in any re-posting to avoid copyright infringement.
Fitzwilson goes on to say, [you can read the full article here] in part:
It would not be the end of the dollar as the king of currencies, just the end of the current dollar as we know it. The new dollar could be realigned not only against other currencies, but would allow for the effective repudiation of the massive piles of debt and derivatives. Interest rates would be allowed to return to more normal levels and all assets would be re-priced in terms of the new dollar. It might seem crazy to sane people, but to insane people running global government and finance, it might seem rational to them….Debts go away as does the dreaded austerity. Wealth will be destroyed, but the vast majority of people have no wealth to preserve.
The disaster in Europe should be pushing the U.S. dollar up more than it is but it’s not, and that has me deeply worried [I’m] worried that the next leg of the dollar’s decline may be right around the corner; worried that the loss of the dollar’s reserve-currency status could occur more quickly than even I had expected and worried that the “X&@!” may soon hit the fan, across the entire globe. [Let me explain.] Words: 600
Frustrated with what they viewed as being ignored by the West and not having a prominent role in institutions like the World Bank and the International Monetary Fund, Brazil, Russia, India, China and South Africa (also known as the BRICS countries) have held their second summit…[and declared war on the U.S. dollar. Let me explain.] Words: 572
Merk Investments has ranked the attractiveness of the currencies of each G10 country based on the monetary and fiscal policies of each country and the strength of each country’s economy to come up with what they call the Merk Currency Score™. This Score should prove invaluable in supporting investment decision-making across countries and regions. Go here to see where your country ranks. Words: 367
Today, more than 60% of all foreign currency reserves in the world are in U.S. dollars – but there are big changes on the horizon…Some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. dollar in international trade…[and this shift] is going to have massive implications for the U.S. economy. [Let me explain what is underway.] Words: 1583