The Beginning of the End of the Almighty Dollar
June 17, 2009 at 11:59 AM 1 comment
Yesterday I read this article by Chris Hedges about how our major trading partners are sick of subsidizing our wars and our debt so they’re moving to dump the dollar and to create a worldwide economic system that doesn’t revolve around it.
And then this morning I came across this, from Bloomberg, about today’s announcement that, “The leaders of Russia and China agreed to expand use of the ruble and yuan in bilateral trade to lessen dependence on the U.S. dollar…”
As Hedges writes, “what is to come will be very, very painful.” If nothing more, read the last paragraph of his article.
Advertisement
Entry filed under: Financial Crisis, Wars. Tags: .
1.
ChrisH | June 18, 2009 at 2:20 AM
Well shit, that’s depressing. What are we supposed to do?
Thank you BushCo, for ruining my children’s future.