Money Supply Skyrocketing As China Abandons US Dollar
November 22, 2013
Today one of the top economists in the world is warning KWN readers around the world that the money supply is skyrocketing as news hit that China announced they are abandoning the US dollar. This is an incredibly powerful piece from Pento where he also discussed the disastrous situation the US now faces. Michael Pento, founder of Pento Portfolio Strategies, wrote the following powerful piece exclusively for KWN.
By Michael Pento of Pento Portfolio Strategies
November 22 (King World News) – “Money Supply Skyrocketing As China Abandons US Dollar”
The money supply as measured by M2 is now rising at a staggering 12.1% annualized rate, which is causing the fickle Fed to renew its threats about ending QE. The minutes released from the latest FOMC meeting indicate the tapering of asset purchases could once again begin within the next few meetings….