China continues to slowly lay the foundation for the Yuan to become a prime competitor to the US Dollar. Increasing currency swaps with other nations, rising gold purchases, and growing concern over gargantuan US debt & dollar devaluation are indicators of a new Chinese strategy. Who would’ve thought this was even imaginable?
Rand Paul recognizes that skyrocketing national debt and unlimited money printing by the Fed are endangering the future of our Dollar. From 2002-2008, the Dollar lost over 25% of its value. This year alone, thus far, the Dollar has dropped another 4.5%. Rand understands that massive inflation may be just over the horizon. That is why he is urgently calling for balanced budgets, a reduction in national debt, and increased accountability at the Federal Reserve.
Read here and here.
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