Affects of US losing the "reserve currency" status on USA economy

**Carol** Thu Aug 11, 2011 9:58 am

Carol: Admin; Posts : 31721
Join date : 2010-04-07
Location : Hawaii

Post n°1

Affects of US losing the "reserve currency" status on USA economy

Carol Thu Aug 11, 2011 9:58 am

This was in my email this morning from a friend who is in Hong Kong.

Sent: Thu, August 11, 2011 12:14:45 AM
Subject: just for your info

Hi Guys,
Just thought this was important enough to listen to. It is an hour and a half long. Yes, there is a sales pitch at the end, but just ignore that. The information in the video is important and had info that I did not know. It is about our finances and what it means if the dollar were to lose the “reserve currency” status. It explains the ramifications. It is worth listening to, even if that is all you do.

Being on this side of the world, we get different news information. That China and Russia are discussing to use their own currencies instead of the dollar is not new info here. But do you know the affects of losing the “reserve currency” status on the USA economy? Also, I did not know all the benefits of living in a country whose currency has the status of “reserve currency”. That is the info I would like you to take in.

http://www.stansberryresearch.com/pro/1011PSISBBVD/PPSIM822/PR (copy/paste into your browser)

All this video contains is financial discussion. I did my part.

_________________
What is life?
It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.
With deepest respect ~ Aloha & Mahalo, Carol