www.armstrongeconomics.com
Because Australia has convened a commission
to terminate the $100 bill, in the wake of the currency being cancelled
overnight in India, there is a growing distrust of high denomination
euros and Australian bills. What is interesting is A$100 notes are
nonnegotiable now in India.
The same is happening in Europe with the €500 bills. There is a growing
distrust of paper currency after Modi’s cancellation of high
denomination notes in India. The word is getting out that this is a G20
trend that is being introduced in 2017. The last currency would be the
US dollar and that would require Trump’s approval by 2018. Dollars in
the streets overseas are starting to be the ONLY currency of choice.
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