Friday, April 25, 2014

Meltdown America: Chinese-Russian Attack On The Dollar

Testosteronepit



By Casey Research:


Here’s a startling fact most investors have never heard: During the last financial meltdown in 2008, when the U.S. economy was on the brink, Russian leaders met with China to persuade them to dump the dollar – and destroy the world’s reserve currency.


Before they could act, the Fed pumped over $700 billion into the economy and delayed their day of reckoning. Still, the threat remains. China holds over $1.2 trillion in U.S. debt today. And with their Russian allies, they could drop the dollar at any moment. This excerpt from our eye-opening documentary called “Meltdown America” explains the severity of this imminent threat:


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