The continuing trash talking about the U.S.dollar has gone to another level as the BRIC nations are now mumbling about a move away from such an unstable piece of paper. Whereas in the past they were whispering, they have now swelled to a more audible mumble and before you know it, it will be spoken loudly and clearly…”We don’t want U.S. dollars anymore”. The Federal Reserve is succeeding in destroying the dollar and the rest of world is noticing. The collapse of the U.S. dollar is underway and you better believe that there is a real move afoot to remove its status as the world’s reserve currency. You wonder why gold and silver have performed so well? It’s not because of some nut job buying gold bars because he thinks the world is going to end in 2012. This is very significant people. Reuters is reporting:
The five BRICS nations took another step towards cementing their global influence on Thursday, calling for a broad-based international reserve currency system "providing stability and certainty".
In a statement released at a summit on the southern island of Hainan, the leaders of Brazil, Russia, India, China and South Africa said the recent financial crisis had exposed the inadequacies and deficiencies of the current monetary order, which has the dollar as its linchpin. (read more)
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