WILL THE OLYMPICS BE THE FINAL DEATH KNELL OF THE DOLLAR...?
PERHAPS SHOWING THE WORLD THAT CHINA IS NOW THE ECONOMIC SUPER POWER...
AND THE US HAS FADED INTO THE BACKGROUND...
NEVER UNDERESTIMATE THE POWER OF "BIG INTERNATIONAL EVENTS" TO CHANGE WORLD THINKING....
WORLD'S FAIRS AND EXPOSITIONS HAVE BEEN "TIPPING POINTS" IN THE PAST...
THE GREAT LONDON EXPO OF 1851 WAS A WATERSHED EVENT...WHICH ANNOUNCED TO THE WORLD ENGLANDS DOMINATION OF THE GLOBAL ECONOMY FOR THE NEXT 100 YEARS...
THERE IS A POSSIBILITY THAT THE CHINA OLYMPICS COULD BE A WATERSHED EVENT IN THE WAY THE WORLD VIEWS THE GLOBAL ECONOMY...
IN SHORT THE OLYMPICS COULD BE THE DEATH KNELL OF THE DOLLAR AS THE DOMINANT WORLD CURRENCY...
OF COURSE THE DOLLAR ALREADY HAS "PROBLEMS"... BUT THESE "SYMBOLIC EVENTS" CAN CREATE THE IMPLUSE THAT TIPS THE SCALES FINALLY AGAINST THE DOLLAR EXCEPTIONALISM OF THE PAST 60+ YEARS...WHICH HAS EXISTED SINCE BRETTON WOODS REALLY.
