«Morgan goes on to say, “For years and years, decades, the United States has exported their inflation because it’s a reserve currency, and we have the ability to just print at will. We have pushed the U.S. dollar overseas, into Japan, into China, into Europe, all over the world, and now these dollars could be repatriated. . . . It is a very simple concept in economics, and the supply of dollars is huge. The reason we haven’t seen inflation is those dollars have not been spent. This would portend ‘I need to get out of the dollar and buy tangible assets. . . . Real estate, gold, silver, businesses, any tangible asset. This would be an impetus for these countries that don’t need dollars anymore. If I don’t need these dollars and I don’t settle oil in dollars, it’s not the supreme currency. I need to get out of it.’»
Posted on: Thu, 27 Mar 2014 15:27:04 +0000
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