Decline of The Dollar as the World's Trading Currency

The AGSB Advantage

This video article is quite scary.  We have been quite used for nearly a century on the reign of dollar almighty as the world's trading currency.  But there are cracks showing up on the wall:  in US there are establishments accepting Mexican pesos or Euros or even precious metals as payments.  The gold is in unprecedented high because of growing giddiness on the dollar.

Think about it:  what if the dollar devalues, what does it mean for Phil which imports oil in dollars.  It is time to reexamine, if we were to believe this video from Stansberg and Associate, which correctly predicted the fall of Ginnae Mae, Fanne Mae, Bear Stearns and Lehman brothers.

Think about the advice of Warren Buffet to consider US debt papers as risky.  What about guys holding on to dollar instruments?   Or dollars?  It is time to fortify your foreign investments?

China will abandon the US dollar/investments as its assets for current liquidity. (It is lending less to US)

How does this affect our perception of US as symbol of strength and power?

As the world's greatest economic superpower?

Here is the video link:

The US Dollar as the World's Trading Currency

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