a must read.....................From Financial Sense
By John Rubino
''Say you’re an up-and-coming superpower wannabe with dreams of
dominating your neighbors and intimidating everyone else. Your ambition
is understandable; rising nations always join the “great game”, both
for their own enrichment and in defense against other big players.
But if you’re Russia or China, there’s something in your way: The old superpower, the US, has the world’s reserve currency,
which allows it to run an untouchable military empire basically for
free, simply by creating otherwise-worthless pieces of paper and/or
their electronic equivalent. Russia and China can’t do that, and would
see their currencies and by extension their economies collapse if they
tried.
So before they can boot the US military out of Asia and
Eastern Europe, they have to strip the dollar of its dominant role in
world trade, especially of Middle Eastern oil. And that’s exactly what
they’re trying to do.''
read more
No comments:
Post a Comment