Central banks start to abandon the U.S. dollar

Posted: July 12, 2010 in Current Events, Economic Views, World Events

This headline should not surprise anyone.  When the final collapse happens to the global financial system I don’t see investors going to the dollar, they will flock to gold and silver.  In fact when you look at the USA with massive deficits, never-ending wars, oil spill that cannot be contained, states going bankrupt, higher taxes on the horizon, out of control government etc. there is no way investors will flock to the dollar.  In my opinion it is time to short the dollar.  The purchasing power of the US Dollar is destined to go much lower. 

Article here

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