The US/IMF don’t mind if Russia gets stiffed. So they just changed the rules. As far as Ukraine is concerned, the USA/IMF have let it off the hook.
Is it possible that the collapse of the US dollar as the leading reserve currency has already begun? The answer is ‘yes’.
Even at 2.17% the yuan has passed the Canadian dollar to become the fifth most used currency in global transactions, as of January this year.
If the IMF give the RMB the nod, then China is one step closer to having the RMB as a truly global currency.
Jim’s basic premise is that the markets are taking the Fed’s promises of an interest rate rise too seriously.
How will central banks stop the recession when they’ve used up their dry powder fighting the currency wars?
The GCC, the Gulf Cooperation Council dog has not barked so far. Now it’s getting ready not only to bark, but to bite investors who are on the wrong side of the GCC trade.
Find your anchor in something solid: family, gold, real assets, real relationships. That’s going to be real wealth in the coming years.
The future world reserve currency is not the US dollar or the yuan. It’s the SDR.
What most people don’t realise, is that the value of paper money has already collapsed. The US dollar has lost 98.3% of its value since 1920.