The Fuse is Lit: European Perils

Mcalvany Financial (Link) (May 21, 2012)

With the acceleration of economic and monetary events here is the first of 3 short films in 2012. Our focus is the US dollar, notably its status as the world’s reserve currency. The monetary greed and mountains of debt in recent years has deeply impaired the dollar’s justification to hold this prestigious and privileged position. We believe the US dollar’s tenure as the world’s reserve currency is rapidly approaching its end. We first explore the EU in that context. The fuse is lit! †