World Leaders In Discussion For New Reserve Currency [SPDR Gold Trust (ETF), iShares Silver Trust (ETF)]

dollar etfThe Silver Bug: China and Russia have made it quite clear in recent years that they are disgruntled with the way the United States has been abusing their “world reserve currency” privilege.

This privilege has enabled the U.S. to expand its military presence like no other country previously seen in history.

It has enabled the U.S. to print seemingly unlimited amounts of fiat in its futile attempt to keep bubble after bubble inflated, while big banks profit and the man on the street suffers.

Unfortunately for the United States, this has created a great deal of animosity, so much so that in many parts of the world, it is no longer safe for a U.S. citizen to travel.

Despite this abuse of power, fellow Western leaders have seemed quite content with allowing the U.S. to retain the crown of fiat king.

But behind the scenes, world leaders may not be so happy.

Ben Davies, Co-Founder and CEO of Hinde capital discussed in an interview with King World News, about a conversation he recently had with the former Prime Minister of Greece, George Papandreou.

In this interview, Ben asks Mr. Papandreou a number of very candid and straight forward questions that involve gold, SDR’s and their place in a new reserve currency of the world.

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