Quote: Frank Cannon wrote in post #1

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http://www.zerohedge.com/news/2014-09-08/obamas-former-chief-economist-calls-end-us-dollar-reserve-status

This idiot Bernstein acts as though the Regime isn't actively destroying the dollar already. The Soviets, Chinamen and Indians are already dumping the dollar for oil deals. It's reserve status is all about shot thanks to reckless spending. There was one gem in this diatribe for the stupid that had me spit up laughing though......

Zitat

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Dethroning “king dollar” would be easier than people think. America could, for example, enforce rules to prevent other countries from accumulating too much of our currency. In fact, others do just that precisely to avoid exporting jobs. The most recent example is Japan’s intervention to hold down the value of the yen when central banks in Asia and Latin America started buying Japanese debt.

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Someone should tell Jared Bonehead that the Japanese are in a massive death spiral because of Abenomics. Their economy just shrunk 7%.

Japan Q2 GDP shrinks over 7%

http://www.gulf-times.com/eco.-bus.%20ne...rinks-over-7%25

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Glad someone else noticed about Japan.

Remind me, how long ago where we all instructed to look at Japan as a model economy to be emulate ???