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Friday, September 10, 2010

Insanity with Currency

This is a topic I have posted before, but bears repeating in light of an article Mish Shedlock posted this morning.  I am hearing more and more about replacement currencies for the U.S. Dollar, mainly in the context of replacing its reserve status.  Recently it hit the main media in a few interviews (and by the time they talk about it, its usually 6 to 8 months old when it comes to our economy and the truth).  Though there have been rumors of a replacement currency for the dollar, this idea floated by Citigroup seems to be the dumbest.  It does make you wonder though, with corporations like Citigroup floating these idea, how close are we.  [ Read more ...]

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