Comments on: Prelude to a Falling Dollar http://wallstreetpit.com/11417-brand-disloyalty Fri, 19 Mar 2010 06:17:37 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Ryan http://wallstreetpit.com/11417-brand-disloyalty#comment-72210 Ryan Thu, 22 Oct 2009 18:10:25 +0000 http://wallstreetpit.com/?p=11417#comment-72210 Yep, its a matter of time before China who owns our debt realizes we have nothing to back it with (thanks to when Nixon declared force majeure) They are aware because both China and Russia are now greatly increasing their gold purchases and disposing of their US dollars as fast as they can, and the Chinese Government is also publicly encouraging its citizens to buy gold. I, for one, will be watching this closely. Best, Ryan Yep, its a matter of time before China who owns our debt realizes we have nothing to back it with (thanks to when Nixon declared force majeure) They are aware because both China and Russia are now greatly increasing their gold purchases and disposing of their US dollars as fast as they can, and the Chinese Government is also publicly encouraging its citizens to buy gold. I, for one, will be watching this closely.

Best,
Ryan

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