RE:RE:RE:RE:Obama's former chief economist: End US dollar reserve status
And, YOU are offering a handcrafted example based on hindsight. It happens all the time when looking at a long term chart of any stock. EASY to say, should have bought here, sold there, here etc.
All rookies do that and imagine themselves a genius.
The world was a FAR different place back then. NO INTERNET, no bullboards, no information like THIS.
https://www.youtube.com/watch?v=tgOUazLGdhc
International, commercial inrerests, you know, the people who actually add wealth to economies as opposed to the banking elite that SUCK the economic efforts out of all of us, those interests are aligning themselves with what's best for THEM,,, not the corrupt, political ruling class.
Look up BRICS, Brazil, Russia, India, China and SOUTH AFRICA.
China is the world's largest producer of gold and they export vitually none of it. They're also the world's largest importer of gold. Russia, likewise is hoarding gold. India, traditionally is a large importer of gold. Not long ago, gold imports were so huge that their balance of trade suffered a good deal. So they implemented restrictions, taxes, on the importation of gold. That didn't work because Indians just turned to SILVER instead, so they relented and released gold.
The BRICS are working to create a gold backed currency to bypass the US dollar as the world's reserve currency. Russia and China are also developing currency swaps with select trading partners, further undemining the dollar hegemony that America has enjoyed for far too long.
China has several TRILLION in the bank. US has nearly 20 TRILLIION of debt owed TO China and Japan, and Germany, and oil rich states, etc. etc. All of these countries see that the US has squandered its unique position with endless wars and other nefarious activities.
Did I mention that the world is a FAR different place today?