The collapse of PETRO DOLLAR! $$$ This August 2017!!! You have been warned.

On July 1, 2014, FATCA (the Foreign Account Tax Compliance Act) required foreign banks and other financial institutions to disclose information about income and assets held by U.S.
customers. Its goal is to root out wealthy U.S. taxpayers that are deliberately hiding money offshore. It also wants to stop foreign banks who are using tax evasion as a profitable line of business. Many were worried that foreign banks will drop U.S. customers, to avoid compliance, thereby pushing them away from dollar-denominated assets.
On October 16, 2013, China allowed British investors to pour $13.1 billion into its tightly restricted capital markets. This makes London the first trading hub for the yuan outside of Asia. This is one more way that China is trying to encourage central banks to increase their holdings of Chinese yuan. This is the biggest potential threat to the value of the dollar. For more, see Is the Yuan Replacing the Dollar as the World's Reserve Currency.

Since then, China has been devaluing the yuan against the dollar. That's because the world's third largest economy is worried that its economy is growing too slowing. However, trouble in China would strengthen, not weaken, the dollar because the Chinese central bank buys dollars to keep it strong and the yuan weak. For more, see How Does China Influence the U.S. Dollar?
The yield on the 10-year Treasury note hit its lower point in 200 years on June 7, 2012.
That indicated dollar strength as measured by Treasuries. China's currency, the yuan, rose to 6.4167 against the dollar, a 17-year high, on August 10, 2011. That showed further dollar weakness as a result of the debt ceiling crisis.

The Rich will leave the country as soon as it happens. Followed by this will come the great diflation. god help the great america.
Dont forget that you were warned.
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