From The Politico:
It’s the biggest mystery in global finance right now: Who conducted a sneak attack on the U.S. dollar this week?
It began with a thinly sourced but highly explosive report Monday in a British newspaper: Arab oil sheiks are conspiring with the Russians and Chinese to quit using the dollar to set the value of oil trades — a direct threat to the global supremacy of the greenback.
Is it true? Everyone from the head of the Saudi central bank to U.S. officials scrambled to undercut the story, but no matter.
Read more ....
My Comment: If the U.S. was not running trillion dollar deficits, this would not even be discussed. The fact of the matter is that no foreign power or collection of states was responsible for what essentially was a run on the U.S. dollar last week .... the ones who are responsible for this situation are the politicians in Washington and the people who elect them.
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