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Is the U.S. Becoming a Banana Republic

- Michael Pento -

Obanana Republic.

Commented 4064 days ago

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Beginning of the headline :It is sad to say there are just two reasons why the U.S. is not yet a banana republic. The first reason is that the US dollar has not yet lost its world's reserve currency status, which is helping to keep interest rates at record low levels. If the dollar, yen and euro were not involved in a currency war, the dollar's intrinsic decline would become much more evident, causing domestic inflation to soar, and our bond market to immediately collapse... Read More

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