Dollars Reign Near an End

The U.S. dollar has had an EXTREMELY good run. We have pretty much called all the financial shots since we won WWII. But make no mistake about it...those days ARE coming to an end.

Remember what you Great Grandpa always said, "Him with the cash makes the rules."

What we don't know is whether the dollar's end will be calamitous, tumultuous, or just painful.

Today's Wall Street Journal opined on this very topic.

The greenback, in other words, is not just America's currency. It's the world's.

But as astonishing as that is, what may be even more astonishing is this: The dollar's reign is coming to an end.

I believe that over the next 10 years, we're going to see a profound shift toward a world in which several currencies compete for dominance.

The impact of such a shift will be equally profound, with implications for, among other things, the stability of exchange rates, the stability of financial markets, the ease with which the U.S. will be able to finance budget and current-account deficits, and whether the Fed can follow a policy of benign neglect toward the dollar.

Finally, there is the danger that the dollar's safe-haven status will be lost. Foreign investors—private and official alike—hold dollars not simply because they are liquid but because they are secure. The U.S. government has a history of honoring its obligations, and it has always had the fiscal capacity to do so.

But now, mainly as a result of the financial crisis, federal debt is approaching 75% of U.S. gross domestic product. Trillion-dollar deficits stretch as far as the eye can see. And as the burden of debt service grows heavier, questions will be asked about whether the U.S. intends to maintain the value of its debts or might resort to inflating them away. Foreign investors will be reluctant to put all their eggs in the dollar basket.

See it here; http://online.wsj.com/article/SB10001424052748703313304576132170181013248.html?mod=googlenews_wsj

Times are a changin'! We know with 100% certainty that a new currency is coming for planet earth. It will be one that the Antichrist will control.

So we should not be alarmed to see things move in that direction. Remember, ALL THESE THINGS MUST HAPPEN....BUT DON'T BE ALARMED.