The Dollar Is Publicly Trashed

After China's left hook to the jaw last night, the Wall Street Journal finds its place at the party -

Chile and Korea are hardly an anomaly: Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars. What's more, what is true of foreign-exchange transactions is true of other international business. The Organization of Petroleum Exporting Countries sets the price of oil in dollars. The dollar is the currency of denomination of half of all international debt securities. More than 60% of the foreign reserves of central banks and governments are in dollars.

The greenback, in other words, is not just America's currency. It's the world's.

But as astonishing as that is, what may be even more astonishing is this: The dollar's reign is coming to an end.

I believe that over the next 10 years, we're going to see a profound shift toward a world in which several currencies compete for dominance.

 The Real Effect
Long time readers will remember the following from August 5, 2005 - 

Look for an increasing economic slide of the economy in the 2nd half of 2005 that causes the dollar to slide even further against the Euro setting the stage for a Union currency proposed to be called the Amero.

Now we can bicker over details, but the contraction did start happening as indicated, the dollar slid against the Euro and is now in trouble. But just to drive home the point, I present the following evidence -

1. I believe that the globalists are attempting to strip the American Economy by devaluing the dollar, weakening the American military through multiple prolonged conflicts and the removal of what was outstanding American influence over many countries in order to prepare us for a Global Union.

and in part of a truly prolific post, the following

So what happens next?

• The US dollar is going to tank (think Iceland)

 So here we stand, on the edge of the precipice, looking down and debating our future. Suddenly, things are looking pretty bleak. The small brush fires of yesteryear are combining into raging infernos today, threatening our well being. The blood is in the water and other nations are watching. Will we survive?