IPFS News Link • Currencies
Got Gold? The Dollar is on Death Row: Negative Interest Rates Are Here, the US has $118 Trillion in
• Commodity Trader AlertDoes any of this sound familiar? Now Consider these three stories from Zero Hedge – Take Our Dollars, Please!
Dollar Debasement Getting Even More Serious: Everyone Is Now Selling Dollar Bonds – Zero Hedge
Zero Hedge: Germany Issues $4 Billion In Dollar Denominated Bonds
Of course the Chinese now wisely want to aggressively diversify out of US Dollars and their $2 Trillion in fiat money ASAP, But is it too late?
Matterhorn: Gold is Now Underwritten by China and
Big Trouble for King Dollar: China Alarmed by US Money Printing, says Gold is an Alternative
Now let’s check in with the world’s largest bond investor Bill Gross:
Pimco’s Gross Greatly Increases Government Debt Holdings to 5-Year High (ie he sees the value of these increasing which conversely means rates will be going lower)
Pimco’s Gross Says Diversify Dollar Holdings Before Central Banks Do (speaks for itself)
Finally, for a simple and clear explanation why this situation will be getting worse rather than better and why it is beyond any other fix than a trashed US Dollar, let’s visit respected fund manager Eric Sprott can you say “$118 Trillion in obligations”? Sprott September Commentary: Total US Government Obligations At $118.6 Trillion