The beginning of the video makes a degree of sense but it does get apocalyptic very quickly and the World government section stretches my concept of possibility somewhat. However Damon Vickers ahs a book sto sell - 'The Day After The Dollar Crashes'.
With the start of the video in mind read this from Zero Hedge:
'China has decided to serve the world another surprise. Following last week's announcement by PBoC Governor Zhou (Where's Waldo) Xiaochuan that the country's excessive stockpile of USD reserves has to be urgently diversified, today we get a sense of just how big the upcoming Chinese defection from the "buy US debt" Nash equilibrium will be. Not surprisingly, China appears to be getting ready to cut its USD reserves by roughly the amount of dollars that was recently printed by the Fed, or $2 trilion or so. And to think that this comes just as news that the Japanese pension fund will soon be dumping who knows what. 'So how do you feel about trading prospects on Tuesday morning?
1 comment:
How realistic? Not at all. Bubbles burst but we are nowhere near a bubble even in gold.
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