The dollar going extinct by this January, 70 more banks including some very large banks, and 70% of all retailers becoming bankrupt by January is not going to happen. I realize the dollar is losing value, and doing so at quite a rapid rate. I think that's a big part of why many of us here are investing in Chinese companies..hence the name of the board.. But to think that all of this will happen in the next few months is ludicrous.
If the top powers were conspiring to do this, they could have easily let it happen late last year and/or early this year. Not wait until we're in a recovery period.. Maybe it happens in our lifetime, but in less than two months? I don't think so. US Dollars are held by all nations all across the world, so who would it truly benefit? Do you think China would want this to happen, considering they're holding the majority of our debt? Read up on these two people and you'll see that they have had all kinds of conspiracy theories, and they're all about as accurate as me saying that the Raiders are going to win the Super Bowl this year..
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