Even though the USD is a likely buy tomorrow AM, at least for the near term, Ron Paul says his 2006 speech still stands: You absolutely want to be internationalized before the US Dollar loses its status as the worlds premier reserve currency. I truly believe the window opportunity to take protective action will slam shut at that time. I believe that once the Dollar loses its status as the worlds premier reserve, the US will start to implement the destructive measures we frequently discuss: capital controls, people controls, price controls, currency devaluations, confiscations, nationalizing pensions, etc. Such things have happened recently in Poland, Cyprus, Iceland, Argentina, Zimbabwe, Venezuela, and a number of other countries.
Posted on: Thu, 17 Oct 2013 01:10:38 +0000
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