The Decline and Fall of the Greenback
 

TheGlobe and Mail , Canada's most respected business newspaper had an article today about how the Chinese people are converting their US currency into Yuan.

The Chinese national bank is buying them up, in an effect to prevent the Yuan from appreciating against the USD too quickly.

I predict that this is just another indicator of a very bleak future for the US currency.

Your largest creditors are Japan and China. They are well on their way to owning you.

Soon, oil, and all major world commodities will be denominated in Euros.

The currency of the drug trade will switch to Euros and a trillion dollars in USD will flow back into normal circulation.

An inflation that will be as bad as the post Vietnam era is pretty much inevitable.

Walmart will be hurt huge when they have to pay their suppliers in Yuan.

The cost of militarism and imperialism is very high, and has destoyed many, many similar empires in the past.

Good Luck.

:(

Its a catastrophe

:2 cents:

Kill Charley

the idea of the US dollar crashing and euro's becoming a worldwide standard has been something i've heard about for quite some time. i never thought i'd live long enough to see it actually happen but i've been a tad worried lately. the US dollar is backed by nothing at all, in all actuality. federal reserve act screwed everyone.