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Wednesday, March 28, 2012

''THE DEMISE OF THE DOLLAR – THE LOSS OF “RESERVE CURRENCY” STATUS IS NOW IN MOTION''

From Revolution Radio

"Under the category of “Extremely Important,” I have placed the following TWO releases from Jim Sinclair – front and center in today’s Daily.

THE DEMISE OF THE DOLLAR – THE LOSS OF “RESERVE CURRENCY” STATUS IS NOW IN MOTION. IF YOU ARE NOT POSITIONED TO CUSHION THE ONRUSHING INFLATION, YOU WILL BE SWEAPT ASIDE!

Sinclair has sounded the warning siren on the two events that will define the gold market for the next several years: QE to infinity, as the Fed will continue to execute its purchases of US Treasuries, and misguided use of the SWIFT system in a form of “economic warfare” leading to the US dollar’s loss of prominence as the world’s Reserve Currency. This will lead to the dollar’s demise and it will first test 72.0 on the USDX and then drop below the all-important support level on the way to Hell. The clock is now ticking. The time available to you to switch out of the dollar and into the safety of precious metals is waning."

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