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Author Topic: The "black swan" event  (Read 2125 times)
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June 14, 2014, 09:24:21 PM

I believe the black swan is drawing near. My bet is that it will be the failure of a major bank (Deutsche Bank maybe) or some sort of gigantic default on a loan that will bring the house of cards tumbling down.

It could also be a major announcement from Russia or China that they are no longer going to conduct any business in US dollars.

I am also feeling China and Russia make a new joint currency backed by gold, instantly sinking the dollar, at that point.. .. boom.
China have ceased buying US treasuries, but they still hold waaay to much to risk a serious USD devaluation.
And I really don't know why people keep using the word "Russia" as if it has any economic significance! Russia's GDP was less that Italy last time I looked!

If the conflict in Russia/Ukraine were to escalate further then there could be economic issues.
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