The day after Christmas, the Chinese yuan, also known as renminbi, rose to an all time high against the U.S. dollar. Today, China and Japan have tentatively agreed to start trading of their currencies directly, leaving the Dollar out of the equation. This is yet another step in the process by which federal reserve notes will be replaced as the world's reserve currency. It's not a question of "if" but rather a question of "when". For anyone who is paying attention, it's easy to read the writing on the wall.
If most of your savings is in dollars or dollar denominated assets, are you prepared for a future in which the U.S. dollar's purchasing power is greatly diminished?
To read more about this new agreement between Japan and China - CLICK HERE!
If most of your savings is in dollars or dollar denominated assets, are you prepared for a future in which the U.S. dollar's purchasing power is greatly diminished?
To read more about this new agreement between Japan and China - CLICK HERE!
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