'Our currency, your problem' - US erodes its own currency on purpose

Discussion in 'Markets & Economies' started by VRS, Oct 11, 2013.

  1. VRS

    VRS Well-Known Member Silver Stacker

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    Interesting Reuters short vid with non-conspiracy theory realism pointing to the 1970's as the beginning of the end for USD as primary default currency - post Bretton Woods, loss of gold standard, shifting political paradigm etc...

    Lighthearted stuff for sane non-tinfoil hatters:

    http://alturl.com/xqdod

    ;)
     
    VRS, Oct 11, 2013
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  2. Old Codger

    Old Codger Active Member Silver Stacker

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    They have no other choice!


    JMO


    OC
     
    Old Codger, Oct 11, 2013
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  3. TheEnd

    TheEnd Well-Known Member

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    Interesting stuff about China 'possibly' creating a new reserve currency.....They're definitely not silly and they're stacking plenty of Gold too and they hold plenty of U.S debt also..............They're obviously just sitting and waiting for the USD to collapse then they will bring in their new plans after it.
     
    TheEnd, Oct 11, 2013
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  4. Old Codger

    Old Codger Active Member Silver Stacker

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    That 1.2 trillion of US Treasury Bonds is (near) WORTHLESS!

    All they can do is hold them to maturity and hope for the best, if they flog them off on the worlds Bond markets they will get 10c in the dollar if they are lucky.



    OC
     
    Old Codger, Oct 11, 2013
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