More Countries around the world
are cutting loose from the tarnished US Dollar.
It started with China
http://www.nytimes.com/2005/07/21/business/worldbusiness/21cnd-china.html?ex=1279598400&en=9add531d0b03adfd&ei=5088&partner=rssnyt&emc=rss in 2005.
Then Iran and Venezuela
http://www.topix.net/forum/world/opec/TPM5CGUAL357EQJD7 followed suit.
More recently, Kuwait and Syria
http://www.dailyreckoning.com.au/dollar-peg/2007/06/05/. have made similar
This week, Bloomberg.com reported that the UAE may be next
If this continues,
I predict an "emperor, sans clothes" epiphanies global revaluation of the dollar,
most likely this fall. Our advice:
Diversify out of dollars and into tangibles, as
quickly as possible,
will as with everything else in life reach a tipping point. Once the line has
won't have a chance to protect your assets.
Here is a early warning, from the Staff of T.S. Group