10 events that prove the Dollar is dead.
Is the Dollar dead or have the events that will finally "kill it" come to fore?
A kind of economic disaster has always hit the United States within seven year cycles since 1973 vis:
1. 1973, The Arab Oil embargo
2. 1980, The Gold & Silver Hunt Brothers peak
3. 1987, Black Monday
4. 1984, The Asian Economic meltdown (George Soros and co?)
5. 2001, 9/11
6. 2008, The Lehman brothers and the global economic crises\/
7. 2015.???
>July, BRICS New Development Bank begins operations in Shanghai, China.
>Russia jumped off the Petro-Dollar recycle wagon.
>January 15th, The Swiss removed the 120 Euro peg to their Franc currency, opened the gates of hell for the Gold market, causing the gold bullion market to dry up leading to a spike in gold prices and a southward journey for the dollar in comparison.
>January 23rd, Merkel offered a trade union proposal to Russia,opening trade talks between the EU and the newly-established Eurasian Economic Union.
> January 24, Swiss central bank signs renminbi clearing deal with China’s People’s Bank of China
>Russia and China have been buying a lot of gold recently. During the past 15 months China has increased its gold reserves by 70% to 1,700 tons, becoming the world's sixth country with largest reserves of gold. Russia's gold reserves have grown by 21 percent to 1,460 tons.
>Russia became the world's largest buyer of gold among all central banks of the planet as of January 2016 with International Monetary Fund experts saying that the Bank of Russia acquired 688,000 ounces of gold.
All crazy events that point to one thing, the role of the US Dollar as worlds reserve currency will soon come to an end, when that happens gold backed currencies or currencies that have characteristics of gold backing will be the ones to be trusted. i am just thinking, if the United States trusts the dollar so much why is it keeping over 72% of its reserves in Gold? Why is it still holding to the Germans' horde it acquired 674 Tons ($54 billion) and has refused to release it to the Germans. The political cold war has ended but the financial cold war has just begun, Victor and vanquished? Your guess my guess. Protect yourself against this cataclysmic (as Pastor Oche Paul would say) financial event that is about to explode on our faces. I believe the 7 year circle due in 2015 has already begun.
If you don't understand, buy Gold, if you understand but Bitcoin.
The truth cannot be wished away.
