The New World Reserve Currency: The Cobra Gold Dollar

Here is a humorous addendum–purely for entertainment purposes–to my past articles about the US dollar collapse and the black swan events (Part 1 and Part 2). The acclaimed G.I. JOE cartoon show “Money to Burn” features a funny solution for the constant manipulation and debasement of the US dollar. Go figure, the so-called “bad guy” or Cobra in this show figures out a way to burn all the paper US dollars and create his own gold-backed “Cobra” dollar which people have to buy from him. G.I. Joe retaliated with a vengeance!

Fast forward to today, this “cobra” character seems somewhat similar to Libya’s Muammar Gaddafi. Contrary to western media, and according to RT, he was planning to introduce the African gold Dinar – a single African currency made from gold. The idea, according to Gaddafi, was that African and Muslim nations would join together to create this new currency and would use it to purchase Libyan oil, among other resources, meanwhile by-passing the US dollar and Petro-dollar system. RT calls it “an idea that would shift the economic balance of the world.”


  • http://www.facebook.com/hopie.lamere Hopie LaMere

    You guys are awesome!!!! 🙂 very informational in a fun way 🙂 lol

    • http://www.economicreason.com Chris Ferreira

      Thanks!!

    • economicreason

      Thanks!!

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