The American Empire in a Changing World


Tuesday, December 18, 2012

''CURRENCY CARTEL: Counterfeiting "Risk Free"

From GoldSeek

''An 'expiring' Petro$$ Strategy, a shift by central banks of the emerging countries to buying gold and the shrinking of the US as a trade and industrial power, have shifted the foundation of the US$ as the global reserve currency.

Nothing is going to happen tomorrow! It is likely, as things worsen due to the problems of unsound money and fiat currencies, that the US will be the last currency to fall.

The problem now is the inevitability of a fiat system failure, and when it does, that it will fail catastrophically with unimaginable and protracted consequences. The path we are on leaves few solutions other than accelerated money printing, which is exactly what we are witnessing with.''

No comments:

Post a Comment