One has to consider... It has been 20 plus
Post# of 49410
It has been 20 plus years since I was told by a Elite that the US was entering into a 16 year retooling process. That was shortly after NAFTA was signed and shortly after the EU was formed.
The "sucking sound"
One has to consider 16 Trillion plus has been add to our debt since 1992-93.
One has to consider Brexit has a 2-4 Trillion market impact. If the EU breaks and the Eurodollar fails one has to consider that might be equal to the 16 Trillion added to the US debt since 92-93. It is also important to understand the EU social welfare system mirrors that of the US dollar for dollar and the Eurodollar is also almost 1:1.
Someone had to have bought EU country currency and debt for the Eurodollar to be issued.
Was that the FED ?
Trump statement of "not honoring" non soveriegn US debt. Might have more traction in the coming months.
FED could be in deep shit !!!