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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Thursday 22 May 2014

http://armstrongeconomics.com/2014/05/22/historic-trade-deal-russia-china-will-this-dethrone-the-usd/

"The currencies of Russia and China are not ready for prime time. There is too much political instability right now and that undermines the value of a currency aside from the fact that people can trade in them, that is nice, but they then quickly covert to dollars. The process of dethroning the dollar is nonetheless underway. However, that will not be accomplished by trade. The way that will happen is only when we see the inevitable systemic collapse in government debts. That will begin in Europe, then hit Japan, and the USA will be last."

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