- Read the full article here, at King World News:
TRACKING THE AUTHOR OF "CURRENCY WARS" AND GOLD VIGILANTE JIM RICKARDS - AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Friday, December 16, 2011
The US Treasury Shorts the Dollar
"The Treasury is going short dollars. Think about the significance of that, Eric. The Treasury sponsors the dollar. You take a dollar bill out of your pocket and look at it, the Secretary of the Treasury signs every dollar bill. It’s sponsored and backed up by the Treasury and yet the Treasury is shorting its own currency by taking SDR notes from the IMF. My question is, if the Treasury is shorting the dollar, shouldn’t the rest of us be shorting the dollar too?”