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.

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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