I just posted the most recent RT Insiders Update.
In this report I cover the current push for a new currency to settle global trade in.
An excerpt:
The worlds governments are scared, confused, and are reluctant to give up their control of your wealth
It is a normal human reaction, when faced with the decline in purchasing power of a fiat currency, to seek a way to stop that buying power from dis-appearing.
There is nothing wrong with this, and it is a completely reasonable reaction. The challenge occurs when someone who is in a decision making role either doesn’t truly understand why the currency is devaluing in the first place, or if they have a motive to continue to devalue it.
Russia and China have proposed to create a global currency linked to a basket of currencies, or the Special Drawing Rights of the IMF.
Hugo Chavez has just floated a proposal to create an international reserve currency linked to the price of oil.
Venezuelan President Hugo Chavez tried Tuesday to court Arab support for another swipe at America as its economy stumbles: a proposal for a new, oil-backed currency to challenge the global prominence of the dollar.
– Associated Press – Tue Mar 31, 2:59 pm ET
World leaders are floundering around in desperate attempts to salvage a global trade system based on fiat currency, and so far they are all terribly wrong.
Out of the Frying Pan and into the Fire
The US Dollar, as the reserve currency of the world, is facing massive devaluation. This isn’t a guess, it’s not a theory, it’s a mathematical equation that any 10 year old can calculate.
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All the best for your health, wealth, and future prosperity,
Alex
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