Ponzi scheme. The dirty little secret of the federal reserve.
How’s that working for you?
- The U.S. Dollar is the world standard for currency.
- That being said, could the U.S Dollar be bettwer managed and handled? Of course!
- No other currency is, in the next 10 years at least, replace the U.S Dollar as the world standard currency.
- Gee, are you really going to put your financial faith in Putin or the Red Chinese? Seriously?
The US dollar is the best looking of the ugly sisters.
QE by central bankers around the world is a race to the bottom.
Russia and China have been using their own national currencies when trading with each other for more than a year now. A few months ago, the second largest economy on earth (China) and the third largest economy on earth (Japan) struck a deal which will promote the use of their own currencies (rather than the U.S. dollar) when trading with each other. China and the United Arab Emirates have agreed to dump the U.S. dollar and use their own currencies in oil transactions with each other. And India will begin to use gold to buy oil from Iran in 2013.
Australia ditching the U.S. dollar too: http://www.thetrumpet.com/article/10520.29162.0.0/economy/australia-to-abandon-the-us-dollar