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The world's reserve currency has been misused by American politicians, bureaucrats, and central bankers who have failed to manage their finances responsibly. Instead, they have recklessly increased their debt to other countries, which has led to a growing concern among international central banks. They fear that the debt will not be repaid in a fair currency but instead in rapidly declining Federal Reserve notes. This realization has prompted an unprecedented increase in sovereign gold purchases by foreign central banks, who are aware of the risks involved. It is crucial that individual investors also recognize the situation before it is too late to protect themselves from a potential currency crisis.
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