Cotton,
I was listening to the ched radio and the guest was saying the fiat currency system is collapsing. The Swiss have even joined the insanity by locking the Franc to the EURO because it had appreciated 40 percent in the past year.
It was said that in 1993 China devalued their currency by 50 percent... and locked it to the US $... which is why China has done so well economically.
Commodities and Gold/precious metals were said to be the only safe haven left... as Obama and the US Fed are in total denial! $450B stimulus package... for the US? Print more money? Where did the last 10 trillion they printed go???
I was listening to the ched radio and the guest was saying the fiat currency system is collapsing. The Swiss have even joined the insanity by locking the Franc to the EURO because it had appreciated 40 percent in the past year.
It was said that in 1993 China devalued their currency by 50 percent... and locked it to the US $... which is why China has done so well economically.
Commodities and Gold/precious metals were said to be the only safe haven left... as Obama and the US Fed are in total denial! $450B stimulus package... for the US? Print more money? Where did the last 10 trillion they printed go???
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