ZeroHedge – A Shocking First: Mainstream Media Rushes To Defend Dollar Reserve Status – 16 July 2014

ZeroHedgeOne can’t help but wonder just how concerned the powers that be are becoming when such an esteemed mainstream media outlet as Bloomberg News would deem fit to defend the almighty US Dollar. “There are always people who say the dollar is going to be replaced, but it hasn’t happened,” chides one strategist (clearly forgetting that nothing lasts forever). As growing concerns of “exorbitant privilege” spread from the usual anti-imperialist foes (Russia and China’s de-dollarization) to close allies like France and now to the world’s growth engine – BRICS, it seems defending what was previously unquestionable itself should be grounds for alarm…

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