DOLLAR COLLAPSE INEVITABLE | Philip Kennedy
Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst.
The overall fear is that all nations of the world back out on supporting this international alliance/agreement based around supporting the dollar. Foreign nations are weary from the USG invading over ambiguous reasons and they therefore fear in some future date they too could share a similar fate. But, the caveat here is that at the same time, they too have their own ambitions and modus operandi so it all breaks down to politics. If there is a general climate of fear that the dollar could collapse, most of the nations in the world are afraid to act because their assets are held hostage, being that they are priced in dollars. This readjustment, if the dollar were to re-correct, would surely destroy any holder of assets in dollar dominated holdings. I think that is why there is a shuffle to find a safe medium to hold 'wealth' in until this allegedly/hypothetical event occurs, they would simply swap out and when the market fell, swap back in to purchase rock bottom assets at barn burner prices.
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Posted by Nicole Bourbaki