posted on Jun, 15 2009 @ 05:38 PM
It seems Russia has reversed themselves saying "They are happy with the dollar". Though just last week, President Dmitry Medvedev, questioned its
global status, joining China’s central bank Governor Zhou Xiaochuan in suggesting the world may need another benchmark for settling international
Okay, so a complete reversal has happened! Does everyone feel better about the dollar?
Now, before getting all warm and fuzzy about the dollar, lets take a critical look at what has been said in the past, compared to what is being said
Since the end of March, China and Russia have been saying "get rid of the U.S. dollar as the reserve and trading currency. But now they are saying
"We are happy with it all of a sudden".
Hmmmm, something does not sound right about that. The dollar index had been in a decline and metal prices have been in the increase, until a couple of
Why the sudden change?
Could it be, that in reality, they KNOW the dollar has been printed WAY TOO MUCH and it was in a decline, yet they have Billions in dollar reserves
themselves! So, what do they do?
Keep thrashing the dollars status and let it decline while they have Billions of it? OR do they get smart and come out to the public saying they are
fine with the dollars status, to keep it strong and the gold prices stable and low while they work furiously behind the scenes to get rid of their
Information had come out last week about Russia exchanging their U.S. dollars for IMF debt, China has been increasing their gold reserves.
Sorry, no one should take and feel comfortable with the U.S. dollar status as being secure and able to stay the reserve and trading currency of the
world. Look more critically at what is really going on, watch the movement of dollars. Other countries are going to do what is in their best interest,
not in the U.S.'s best interest, so what they are doing is very smart right now. They are behind the U.S. dollar has they work to do everything they
can to get rid of it, secretly and quietly and totally behind the scenes while it still has value.
Don't take what is being said at face value, look at it carefully and closely and think about to what advantage is there to countries with huge
dollar reserves to keep it strong at the moment.
Russia playing roulette with the dollar - betting the house of reserves and getting rid of it?