I’ll be the first to admit that two of the main themes on this blog – the United States’ sovereign debt crisis and the deterioration of the petrodollar – have been extraordinarily slow-moving theses.
In both cases, there have been developments that stand at odds with my contentions. For example, US stock indices continue to move higher, despite our economy grinding to a halt, and the BRIC nations have not developed and put forth their own reserve currency to combat the dollar, as I have suggested may happen. They also haven’t backed any of their sovereign currencies with gold, as […]
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