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View Full Version : And the global currency war intensifies



seanD
07-15-2014, 10:16 PM
IMF alternative. Knew it was coming, just didn't think it would happen at the worst possible time; when the US and EU economies are on the brink of another meltdown...

http://www.foxbusiness.com/markets/2014/07/14/brics-bank-5-emerging-economic-powers-to-announce-alternatives-to-imf-world/

It's not so much that some new emerging economic power is going to replace the dollar (when it all comes down, they're coming with us); it's that our foreign creditors are losing confidence and respect in our dollar supremacy, hence, our longevity.

seanD
07-17-2014, 02:28 PM
US imposing more sanctions on Russia (http://www.foxnews.com/world/2014/07/17/russia-slams-latest-us-sanctions-over-ukraine-as-bullying/) over Ukraine (can't help but correlate it to the BRIC move). This might have been effective and meaningful a decade or two ago, but today US is essentially just shooting themselves in the foot. This will just give the extra incentive for countries that are sanctioned to make strategic moves away from the dollar a lot faster.