The Interest Rate Canary Excerpt: "One of the triggers/catalysts for the next economic collapse is likely to be the dollar. The US and the Fed have both abused the privilege of world’s currency. Larger nations are scrambling and making deals with each other that enable them to avoid using dollars. Smaller nations suffer from the inflation that the US dollar policy exports to them." What Is Coming Next A slow-motion collapse of most fiat currencies is underway. Undoubtedly leaders know what is happening and put in place an alternative when the dollar is no longer acceptable. Unfortunately, it will be a phonier currency than the fiat currencies that are in freefall. It will be a world currency justified as a result of the next crisis. A world currency (i.e., a world central bank with the power to create money) is the dream of every Statist. It requires a world government. To visualize, imagine Europe, Brussels and the Euro on a world scale. A world central bank will be a bigger disaster than all of the individual central banks combined. Ditto for world government being worse than national government. beforeitsnews/economy/2013/08/the-interest-rate-canary-2548352.html
Posted on: Sat, 24 Aug 2013 01:11:15 +0000
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