Dollar & Reserve Currency Status

www.armstrongeconomics.com

QUESTION:

Dear Mr Armstrong,

First of all, congratulations for all the public information that you are offering in your website. For humble learners like me is fascinating.

 

Your ECM says that there would be a peak in October. Could it be a peak in the confidence in the Dollar as a reserve currency?

 

I would be very pleased to hire your services whenever they are offered.

 

Thanks in advance

 

JL

 

ANSWER: 

 

No, that comes later. We first have to create the storm. The likelihood of a monetary reform comes into play around 2017. To get there, we have about $9 trillion in debt by other countries that must create a major loss first. With this sort of pressure, then and only then will we see some new type of system. There is nothing currently to replace the dollar. BIG MONEY cannot park anywhere but dollars.