12/29/2009 From Taipei Taiwan

Richard Graves
A fresh message from my friend John from Taipei-Taiwan: 12/29/2009. We’re approaching one tenth of the way through this new century and already the world is getting a taste of things to come...

The world’s temporary reserve currency, the US dollar, has shed roughly one third of its purchasing power against a basket of major paper competitors this decade. Gold, having begun the millennium in the dumps, has roughly quadrupled against the greenback over that same period. And stocks, after peaking back in 2007, are down about 7% for the same period....The important message here is "temporary reserve currency". Fact: All paper currency has failed through out history. Look for China and Russia to issue a new gold backed currency in the next 2-4 years, which will spell the doom of the Federal Reserve Note!