by Nick Giambruno, International Man:
“It’s possible to have more than one reserve currency.”
These are the recent words of Jerome Powell, the Chairman of the Federal Reserve.
It was a stunning admission from the one person with the most control over the US dollar—the world’s reserve currency.
Reading between the lines, Powell’s remarks are a strong hint that the current international monetary system based on the US dollar is on its way out… and soon.