Reality often comes from those not necessarily your friends...

Watch the dollar, not the yuan, Zhou says
Chinese central banker defends right to choose currency regime

This quote from The Chinese central banker is important. It could also be phrased, "Look in the mirror stupid.", as Americans and their leaders ignorantly finger wag their problems at others.

Who wants dollars? People selling oil demand $75 of them now. Gold sellers demand $625. You know why? The dollar is in trouble. Your (American) government has raided the treasury and fattened the coffers of its buddies and now your government is $760 billion in debt each year.

Yea, that is in addition to $800 billion in trade deficit and $7 trillion in accumulated government debt. Oh, and when the nations with piles of dollars try to invest them back in the US your government says emphatically "No". Go figure. The impotent, corporate government you have elected is saying indirectly, "Just take the mountains of dollars you have, bundle them up and use them for fuel", for the 2+ billion people that live on less than $3.00 a day in the nations hoarding the most dollars right now.

Some other quotes from the Central Banker of one such nation...

" A top Chinese official said Saturday the dollar represents a greater risk to the global economy than the yuan does. Rather than monitoring the yuan, global financial institutions should watch the U.S. dollar, said Zhou Xiaochuan, the governor of the Peoples' Bank of China. "

"Global trade, settlements and reserve assets are heavily reliant on a single currency," Zhou said in remarks to the International Monetary Fund. "The fund should give priority to establishing a surveillance and check-balance mechanism of the major reserve currency countries."

"Favorable conditions in the financial markets do not rule out the possibility of a sudden reversal in sentiment," Zhou said. The lack of coordination in the G7 on monetary policy "could result in large and volatile movements of financial markets."

"We cannot ignore the risk of disorderly adjustments in financial markets," Zhou said.

Yea, time to start understanding, your house did not double in value in 5 years, the amount of house you can buy with your worthless currency has halved in 5 years.

Soak on that for a while.

Quotes from Marketwatch.com 7:18 PM ET Apr%2