FOOLS: The USD could crash by the end of 2009 and here is why... Don't be a fool
The demise of the dollar
THE MOST IMPORTANT BLOG BY ANY BLOGGER IN 2009. HERE IT IS.
"In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar."
JFC - hint - buy Yen, Yuan, Euros, and gold. Yes, I said gold...
"The Americans, who are aware the meetings have taken place – although they have not discovered the details –" yeah right... Like the don't know they are being sabotaged by their allies. Any wonder we didn't get the 2016 Olympics?
"The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold."
JFC - duh? Did they said GOLD?
"But it is China's extraordinary new financial power – along with past anger among oil-producing and oil-consuming nations at America's power to interfere in the international financial system – which has prompted the latest discussions involving the Gulf states."
JFC - those reading Sinclair know about this already. JS is negotiating with the Chinese and, perhaps, is a perhaps a mouthpiece for them...
"Chinese financial sources believe President Barack Obama is too busy fixing the US economy to concentrate on the extraordinary implications of the transition from the dollar in nine years' time. The current deadline for the currency transition is 2018.
The US discussed the trend briefly at the G20 summit in Pittsburgh; the Chinese Central Bank governor and other officials have been worrying aloud about the dollar for years. Their problem is that much of their national wealth is tied up in dollar assets."
JFC - prepare. The stampede could come any day (or as late as 2018...).