US Plunder's World Wealth: China
On my last post someone said the statement "we live in interesting times" is a Chinese saying associated with bad things.
Well, I think times are going to get far more interesting with one of the latest paper's out from China, US has plundered world's wealth with dollar.
I have stated several times that the US status as the world reserve currency has had enormous prividge. US expands its money supply, other countries buy it and the inflationary effects are well hidden because other countries are taking that money supply out of circulation. And now they are all realising to get out of their US dollars means to put those dollars back into circulation and let the true devaluation of the premium priced dollars come through.
I can't see this ending well...