Via Schiff Radio.
China and Japan, the second and third largest economies in the world, are for the first time in modern history trading their currencies directly. Previously they were forced to first convert to dollars. Russia is striking similar agreements with trade partners. The trend is clear. It may take 10 years, or 30, but the end of the dollar as the world’s reserve currency seems inevitable. An excellent video on the topic, featuring Ron Paul:
Another brilliant series of raw cuts, this time featuring legendary investor Jim Rogers, from the upcoming film The Bubble. Of the hundreds of interviews I’ve seen with Mr. Rogers, this is possibly the best. Why? Probably due to the fact that the film’s writer, Thomas Woods, is an Austrian/free-market economist like Rogers.
“American finance is going to be in a (relative) decline for the next 2 or 3 decades… 10 years ago, most IPOs were done in NY…”
“It will be good for us all when this central bank eventually disappears…”