It seems the one primary area that people disagree with the view of the future is the rise in the dollar that is on the horizon. I have warned that in discussions behind the curtain, there will be a move to replace the dollar as the reserve currency. I have also stated that the only possible solution will be a new world currency that is composed of a basket. There are three subtle events that confirm this view is a lot sooner than anyone suspects. We may be looking at the rapid change in the world monetary system after 2015.75 with what we have called BIG BANG.
Obama’s former Economic Adviser has stated now the US should gove up the reserve dollar status The IMF is holding discussions on expanding SDRs World Bank is also not suggesting a new currency for reserve purposes needs to be established
This post was published at Armstrong Economics on December 20, 2014.
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