Thursday, April 2, 2009

A sneak attack on the U.S. dollar?

The war began with a press release. Dated May 13, 2010, it came from the Central Bank of the Russian Federation and said the Russian government “hereby announces the following facilities and processes which are in place and available for counterparty inquiry immediately.” Sounds innocent enough, but savvy investment experts got the message: It was the opening salvo in a sneak economic attack on the U.S. dollar. The Russian Central Bank was creating a new global currency, the “gold reserve dollar,” which would be issued by a financial agent in London and backed by tons of Russian gold shipped to secure vaults in Switzerland, the press release said. The goal: to drive the value of the U.S. dollar down by 75 percent overnight and wreak havoc on the struggling American economy. Thankfully, the press release was a fake. It was written by economic intelligence analyst James Rickards and presented on March 24 to the Unrestricted Warfare Symposium at the Johns Hopkins University Applied Physics Laboratory....Link

No comments: