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Gerald Celente: New Reserve Currency After 2012 Election

Pressforactivism.com
WRC559.com
06/04/12

from Dominique de Kevelioc de Bailleul, Beacon Equity Research:

 

Get positioned for the dethroning of the U.S. dollar as the primary reserve currency, according to Trends Research Institute Founder Gerald Celente.

Since the balance of global trade has changed quite dramatically from 1944, the year of the Bretton Woods agreement and the introduction of the dollar standard, Celente sees the tend of competing currencies taking on more of the dollar’s role for international trade accelerating.

As far as when western powers will move to a new currency, which has been speculated to include a weighted basket of currencies as well as a gold component, it won’t happen during an election year, Celente speculated. Politics comes first.

“I would expect it to happen after the presidential elections,” Celente told Russia Today. “They’re going to do everything they can to try and keep this thing going and try to sooth any kind of ripples coming from around the world.”

Read More @ BeaconEquity.com

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