China and Russia have long called for a new reserve currency.
India's disenchantment with the dollar is dramatic, given that India is a close U.S. ally.
But now even France is calling to replace the Dollar as world reserve currency.
France - with the world's 5th largest economy - is the first western nation to do so.
→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).
→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).
→ The following types of comments will be deleted if we happen to see them:
-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over
-- Comments that explicitly call for violence
→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.
How fast are we going to get to the point where the UK & US stand alone?
ReplyDeleteThe people need to wise up and start using loacal community currencies. The money power is too important to be left to the banksters.
ReplyDeleteToo late for a remedy now. Canned food is a good investment.
ReplyDeleteHere is an interesting pattern. After leaving the FED, Greenspan tried to persuade the Saudis and others to disconnect the dollar from oil. That connection is why the dollar remained relatively stable. Recently, the Saudis and Dubai declared economic difficulties and reached out to Rothschild for aid. The message to Washington would be a willingness to go along with Greenspan's suggestion and crash our currency. So, the lawsuit against the Saudis went away. Then, the Saudis suddenly granted Israel airspace to attack Iran. Iran then started to sound reasonable and is seeming to make domestic concessions as well as calling for a meeting with Obama. 3D chess with high stakes, as far as I can see. I'm sure I have missed some moves...EQ
ReplyDelete