Back on May 6, 2012 – Joe Marra of “A Guiding Lite” & I discussed the failing banking system. Today, I fully expect a complete reset of the global financial system… is ‘right around the corner’.
For many years the United States of America – was – the world’s richest nation. No longer. Now, it is the world’s largest debtor nation in the amount of trillions of dollars. An authorization to “…raise the debt ceiling” – will fix nothing.
For years, the United States Dollar [USD] has been the international reserve currency against which all other currencies of the world were based. All international oil buying/selling transactions were done in USD. No longer.
The country of China for years was buying massive amounts of U.S Treasury [debt] paper. Today it is selling off much of its holdings in U.S Treasuries. Billions worth. It also holds, and continues to buy, a…
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