Tuesday, August 20, 2013
How Long Can We Float The Dollar?
SEE HERE The only thing keeping the dollar afloat is the fact that the rest of the nations of the world are in the tank too. Don't expect that to save us however. We keep weakening the dollar and at some point it grows too weak to continue as the reserve currency. You can't just keep printing money and expecting the rest of the world to honor it. It won't happen and our own financial people seem to be in denial so the tipping point when it comes is likely to be precipitous.