Dollars & Sense Shows 99/100: America 2.0 - The Second Revolution
DRSCHOON.COM features the articles of Professor A. E. Fekete of the New Austrian School of Economics, a leading expert on gold and its role in financial markets and the economy.
On the So-Called Nuclear Option
I would like to add my penny’s worth of wisdom to the thoughtful article of Sr. Hugo Salinas Price entitled WHERE ARE WE TODAY? posted on the website 321 Gold on March 7, 2017.
The phrase ‘nuclear option’ has come to be used by webauthors to mean a hypothetical conspiracy between Russia and China to synchronize the dumping of their huge holdings of U.S. Treasury paper on the markets to the detriment and discomfiture of the United States., thus dislodging the dollar from its position as the world’s only reserve currency.
Of course we must understand that the nuclear option is a double-edged sword: it can hurt also those wielding it. Russia and China could be hurt badly by the precipitously falling price of the U.S. Treasury paper.