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Message: Unwinding of Currency Swap = Looming US Dollar Crisis!

Unwinding of Currency Swap = Looming US Dollar Crisis!

posted on Jan 29, 2010 07:29AM

http://seekingalpha.com/instablog/121744-mark-anthony/46203-unwinding-of-currency-swap-looming-us-dollar-crisis

Time to run to precious metals as your financial safe haven. Don't run to euro, as the eurozone is crumbling down. Don't run to Japanese yen. Japan has an even worse debt problem. When Japan collases under its debt it must sell US treasuries to salvage its own currency, which will trigger a domino effect leading to the fall of the dollar. The only thing safe are precious metals and commodities.

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