U.S. Dollar Is Going Down! Global Financiers Rush To Flee The Doomed West  

Michael Snyder of the Economic Collapse Blog writes:



In order for our current level of debt-fueled prosperity to continue, THE REST OF THE WORLD MUST CONTINUE TO USE OUR DOLLARS TO TRADE WITH ONE ANOTHER AND MUST CONTINUE TO BUY OUR DEBT AT RIDICULOUSLY LOW YIELDS.  Of course the number one foreign nation that we depend on to participate in our system is China.  China accounts for more global trade THAN ANYONE ELSE ON THE PLANET. (including the United States), and MOST OF THAT TRADE WAS DONE IN U.S. DOLLARS… UNTIL NOW…



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