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COMMENT: Well Marty, I guess you are right and the lunatic fringe who said the world would end today and the dollar would crash all because the IMF would include the yuan of China in the SDR failed. These people always bad mouth you, but they are never right. Looks like the Dow is up and gold is down. Was there really a surprise?
REPLY: I do not get this, quite frankly. We get these dire forecasts that never materialize from Y2K to the opening of Shanghai will destroy Comex. It is what it is. I really fail to see putting the yuan into the SDR calculation would cause the dollar to crash when nobody uses the SDR but the IMF, and the dollar is the major component of the SDR. It just makes no sense. It really is just chicken little all the time worried the sky is falling.
Look. They sell a lot of BS, books and strip-mine people of their wealth. That’s just what they do.
https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/what-happened-to-the-end-of-the-world-dollar-today/
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