Nomark Ministries

Panic selling of the U.S. dollar now underway as debt system implodes

J. D. Heyes
Natural News
April 28, 2011

To most Americans it’s unthinkable that the U.S. dollar could someday be relegated to second-class status as a currency, but what they may not realize is that the transition is already underway.

Reports this week marked the dollar’s continued slide – it reached a 16-month low against the euro and slid to a historic low against the Swiss franc on Tuesday – while at the same time predicting something we’ve been telling you for years now, namely that the dollar is on its way out as the world’s reserve currency.

Impossible, you say? Think again. Signs of the dollar’s imminent collapse are everywhere.

Look at the economic and investment juggernaut that is China. Beijing’s economy has been growing in leaps and bounds and as such used to be the largest holder of U.S. dollars, because, as the world’s reserve currency, our dollar was the most stable. But China’s place was recently overtaken by our more traditional Asian ally, Japan, as Beijing has begun instead to divest itself of the dollar.

The U.S. was once known as the world’s richest nation, but these days we have the dubious distinction of being the largest debtor in the history of the world. China, meanwhile, has become our largest creditor

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