September 6th something dramatic happened that mostly went un-noticed. The events will affect the world economy for a long time, and yet almost nobody paid heed or made any comments.
And of course it had to do with China
Besides having military bases around the entire planet, what really makes the United States the only superpower in the world is that the U.S. dollar is the international reserve currency. Everybody must trade in dollars. This also gives the Federal Reserve a truly unique opportunity to manipulate U.S. and international economy by printing money. Today they don’t actually start the printing press, but add credit to the financial system through so-called quantitative easing. In the latest round of such measures has the president of The Fed, Ben Bernanke, stated that he will do this forever, if necessary.
All excuses aside, this is a devaluation of the dollar. In…
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