CLEARLY RUSSIA...AMONG OTHERS... WANT OUT OF THE DOLLAR DENOMINATED GLOBAL ECONOMY...
THE NOTION OF DOLLAR EXCEPTIONALISM...IS SO...40'S AND 50'S...
WAY BACK WHEN EUROPE AND ASIA WERE STILL A SMOLDERING RUIN...
IT WOULD NOT BE SHOCKING IF THE RUSSIANS TIED THE RUBLE TO SOME COMMODITY PRICE...OR SOME BASKET OF COMMODITIES...
CLEARLY FAITH IN CENTRAL BANKS...LIKE THE FED... HAS BEEN GREATLY DAMAGED BY THE RECENT CRISIS...WHICH WAS A LONG TIME COMING...
BACK IN THE 70'S WHEN SOMETHING SIMILAR HAPPEN...VOLCKER PUT THE US PRIME RATE TO 20% AND DELIBERATING CAUSED A HUGE RECESSION...!
BUT THAT TYPE OF POLICY MINDSET SEEMS PASSE NOW...IMPOSSIBLE REALLY!
SO THE ERA OF CENTRAL BANK BASED MONEY MAY BE ENDING...
WITH A RETURN TO SOME MORE "REAL ECONOMY" BASED CURRENCY...
WATCH THE FOR A "BRIC" BEING THROWN THROUGH THE WINDOW OF THE ANGLO-EUROPEAN BANKING SYSTEM....
THE OUTSIDERS WANT A PLACE AT THE TABLE...
AND THEY WANT TO LAY A WREATH ON THE GRAVE OF BRETTON WOODS...SOON...ASAP!
