As the deficit grows exponentially, more confirmation that the perception of the dollar is growing shakier daily, comes from a U.N. panel in Luxembourg. Next week, they’re expected to recommend dumping the dollar as the reserve currency in favor of a shared group of currencies – what seems to me to shout the word “diversification”.
Again, my perspective is that this lends credibility to the fact that this is a global crisis and draws us closer to an Amero, as some of the conspirity fanatics have been warning of for a decade now.
Among the suspected currencies to be the standard are, of course, the Euro, and the Chinese yuan, also, possibly the deutschemark, and drachma.
Do they know what they’re doing? I suspect they’re flailing in the dark, just like Geithner. I guess we should attempt to thank Presidents Bush and Obama? Especially, Obama – it doesn’t really seem like a time to spend! This could just as easily be an act of war on the dollar ….. almost as if someone hit our economic twin towers …… again.