Wednesday, October 10, 2012
The U.S. Losing Reserve Currency Status
You can thank Washington DC and their stupid foreign policy decisions, and their mountain of debt they have created for us all, when this whole thing crashes.
When there is no more need for countries to trade using American dollars (as the Reserve Currency) there will no need for them to hold our Federal Reserve Notes (FRN's) either, and they will dump them on the world market. The value/price of FRN's will crash, and countries will dump them quickly before they are totally worthless.
Perhaps that is when they will introduce a world currency backed by gold ..
Voila! One World Government via an economic crisis ...
America will have no choice but to cede sovereignty in order to "save the economy"!
Not so far-fetched now, is it?