Monday, April 1, 2013

Reserve Currency Status Doesn't Last Forever. Ask Spain, England....

News Report: Australia just decided to trade directly with China. Frankly, Australia needs China's goods more than they need anything from the USA. The deal is done. Please read this article.
http://www.zerohedge.com/news/2013-03-31/thanks-world-reserve-currency-no-thanks-australia-and-china-enable-direct-currency-c

The movement toward ditching the US Dollar as the world's reserve currency is gaining momentum. A few years ago the ultimate event was unthinkable; to depose the dollar! However, creation of a world currency could happen in 2013. It could happen fast!

Here is a graph of the Who's Who of reserve currency status countries over the last 600 years. It doesn't last forever.


Be prepared for the worst in 2013.

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