The Economy Is A Powder Keg, Boiling Over And Ready To Blow

By Quoth the Raven

I can sit back and watch those investments hopefully flourish, as confidence erodes in the sanctity of the U.S. as global reserve currency. And even if the dollar holds up as reserve currency, I don’t understand how it can be taken seriously for much longer. The BRICS nations are mounting a challenge and when the world is ultimately forced to choose between a debt based U.S. system and a commodity/gold backed BRICS system, the choice is going to be obvious. When the dollar becomes the “fix all” for the U.S. economy in coming quarters — for markets crashing, banks collapsing and, eventually, the bond market failing — precious metals will officially become the blowoff valve.