Search This Blog

Thursday, April 9, 2009

China: US Dollar soon "irrevelant"...

http://moneynews.com/streettalk/china_dollar_irrelevant/2009/04/09/201399.html?s=al&promo_code=7DAC-1

You're not getting any interest at the bank; take what you have, buy metal; buy food, toilet paper, hooch. Put it in a sock. Put it in a drawer, under the mattress. Your money is fiat - backed by nothing but faith in a monetary system that is self-destructing.

This is very gloomy and the voice of impending doom for the US dollar. With a global currency, dollars will be obsolete.

No comments: