Shock Wave Coming: 'Gold & currencies basket to substitute US dollar'





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Published on Aug 7, 2011

Higher borrowing costs, weakening business and consumer confidence as well as slimmer chances of recovery - it's the potential ripple effect for the United States, after its top-tier AAA credit rating was cut by one notch. Standard & Poor's took the unprecedented move of dropping America's ranking to AA+ in its outlook. White House officials are on the defensive - saying there's a two-trillion-dollar mistake. S&P admitted that, but is sticking with its decision, which it says is objective. It's despite the last-minute debt deal which narrowly rescued the country from default. But the damage was already done, as the political haggling undermined investors trust. Economist Max Fraad Wolff says brace yourself for a stock market rollercoaster on Monday.

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Comments • 214

all I know for sure is that gold is $1,500 - $1,800 per ounce. "proof is in the pudding"
HaRsH Rao
@oonmxot I've got it sorted now, averaging 470% easily. You need a better trading strategy. I use the 123 system for my bread and butter. This video explains it all ==> bit.ly/L1lE2r?=yinttr
Sultan Mohamed
@Friendly011982 search for Joshua evans story on youtube about his conversion to Islam , if you are not impressed by Islam , at least I can gaurantee that it will entertain you.
Sultan Mohamed
@Friendly011982 As for anti christ , check your 1 dollar bill , the image of pyramid is one of the symbols of anti christ, your govenrment is controlled by illuminati/freemasons which are anti chirst groups thats beyond shadow of doubt , these satanic groups are working overtime to wage war on Islam and to wipe Islam from the face of earth. Open your eyes!!!!!!!!!!!!!!!
Sultan Mohamed
@Friendly011982 What friendly quotes, your absolute truths Santa has left gifts for children on christmas night Easter bunny has left candys and hidden eggs Theres treasure behind rainbow 911 was carried out by 20 men from cave
@blkhat117 you buy it before the dollar falls lol.
Ydontyou Fvckoff
@ArabUPSB lol yhhhhhhhhhh
Ydontyou Fvckoff
revolution is finally here
@MegaObserver2010 I agree. Pull the plug, reset the system.
@VivaMydick Technically, paper is backed by wealth. Yes, that can fail. I don't think it will fail, but I do think its notably weak right now. This is what currency traders would call a crap market.

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