Saturday, October 13, 2012

America’s Financial Collapse Part 4-Dollar Rejected


In Part 1 of this series we discussed the devastating consequences to our economy of turning on the printing presses and printing money out of thin air.  You may be shocked to know that in a few months, trillions of dollars are going to be flooding back into the U.S.  Where is the money coming from?  Countries that had agreed in the past to purchase commodities with the dollar are now rejecting the use of the dollar as a reserve currency.  The world is turning against the dollar.  The dollar has been the reserve currency of the world for quite some time, and we’ve depended on that.  Unfortunately, things are changing at a rapid pace.  Here are just a few examples:




China and Brazil in $30 Billion currency swap agreement
http://www.bbc.co.uk/news/business-18545978




Japan, China to launch direct yen-yuan trade on June 1, 2012
http://www.reuters.com/article/2012/05/28/us-japan-chin a-yuan-idUSBRE84R0RP20120528




Dollar no longer primary oil currency as China begins to sell oil using Yuan
http://www.examiner.com/article/dollar-no-longer-primar y-oil-currency-as-china-begins-to-sell-oil-using-yuan


China signs currency swap deal with UAE
http://english.peopledaily.com.cn/90778/7709301.html


Other articles:




The Five Financial Shockwaves to Expect When China's Yuan Swaps Places with the U.S. Dollar
http://moneymorning.com/2009/09/04/yuan-replaces-us-dol lar/


All these unwanted and unused dollars that are floating around out there will be heading back to the US. within the next 6 months or so.  That will devestate us economically.


The dollar is on life support right now.  When trillions upon trillions of dollars flood back into the U.S., the dollar will gasp and take it’s last breath before it dies.  Some still believe that it can make a full recovery, but I wouldn’t bet on it… especially if you’re using U.S. currency.

Acknowledgement:  Graphic - Money Roll: http://www.bbb.org/blog/2012/05/7-ways-that-consumers-are-wasting-money/

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