Mega Precious Metals Inc MPRXF

Currency Wars underway?

[threepalms]

At the end of the second world war England was bankrupt and the US bailled them out but only after securring a place that made the US greenback the world settlement currency. At that time the US was the worlds largest creditor. Today the Chinese own $1000.00 of US equities for every American alive and they are the world's largest creditor. The US is now the world's largest debtor with nearly $90K in debt for every man, woman and child of population. Point being is the balance of economic power is changing and the US greenback is now at risk of loosing it's status as the currency of settlement. In the broad view. The world economic situation is very fragile and we are likely going to see major failures of financial institutions world wide. When the dust settles the power will be in those that hold physical precious metals.imho

[ramblersrest]

I have always felt the power was with those that had the power .. That power  has been with the USA since the fall of the Third Riech and Japan ... B52s , the most nukes , best air force and Navy is the real power and that is what backs up the US Dollar .... Long time before the supremacy of the US military will be overtaken , hence the US dollar will continue  be the safe haven ...

[Curvature]

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[threepalms]

I may be a DING Bat but I have good company. Lets agree on one thing. The USA will do everything in their power to keep the greenback as the currency of choice.So to speak. I also agree that Precious Metals especially GOLD will always have the potential for major swings in valuation. I would still rather have gold coins in my mattress that paper currency. How I YEN to have more greenbacks in