World Prepares to Dump the Dollar
Found at TheTrumpet.com
What do China, India, Brazil, Russia, France and Germany have in common? These countries most often can’t agree on anything. But they are united in one strange—and ominous—way. They blame the United States for wrecking the global economy. And they think the dollar is the wrecking ball.
One rock-solid, foundational belief underpins almost all economic theory in America: faith in the dollar’s unassailable status as the world’s reserve currency. Foreigners hold so many dollars that they can’t afford to stop buying them, the theory goes. Therefore the dollar’s status as the world’s reserve currency is sound. But the dollar is now coming under a concentrated attack. Are American economists about to get schooled?
Related posts:
- World Bank Says Don’t Take Dollar’s Place For Granted
- Why a Run on the U.S. Dollar Will Start Soon
- Dollar Loses Reserve Status to Yen & Euro
- UN Wants New Global Currency To Replace Dollar
- US Dollar Will Collapse When China Stops Buying Our Debt
