A dollar collapse could be in the cards within a few months as new technical analysis shows the the reserve currency support eroding and within the parameters of uncharted territory.
Foreigners are seeing that buying US debt is a losing proposition, and this is requiring the Federal Reserve to monetize our debt, and print money which devalues the currency. Already, the G20, IMF, European Union, China, India, Russia, and the oil states are growing the talks to replace the dollar as the world's reserve currency, and instead replace it with IMF controlled Special Drawing Rights (SDR's). Should the dollar collapse as projected, then the implementation of a new world currency would accelerate in scope, and be accepted fairly quickly by the global economy.
Logically, a dollar collapse within the next few months is not very likely, but logic has been throw out the window as the US and the Federal Reserve continue to print dollars and devalue the currency almost daily. Much the Middle Eastern protests over food this last month has occurred because the dollar has devalued, and caused massive havok on world food prices, and other commodities.
For more: Dollar collapse possible within a few months on new technical analysis - National Finance Examiner | Examiner.com
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