March 24, 2009

China Calls For U.S. To Dump Dollar

Beijing -- The Chief of the CHinese Central Bank has publicly called for the world to adopt a new "reserve currency" and to "dump" the U.S. dollar as the present reserve currency of the world.China has now joined Russia in making such calls publicly.This is the single worst possible development that could strike the USA, and fits directly into the time frame I warned about as far back as September 2007.If and when the world dumps the dollar, we will not be able to use our currency to buy much if anything from the rest of the world because the world is now viewing the Dollar as worthless.If more countries adopt the view of China and Russia, the U.S. economy will cease to exist and the U.S. Government will collapse within months.

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