Earlier this week John Williams warned that hyperinflation will begin to appear in America sometime in 2015. He noted that, though the dollar is currently strong compared to other fiat money, signs that a currency collapse is coming will begin with the sell-off of the U.S. dollar.
It’s a known fact that the Russians and Chinese have already begun divesting themselves of dollar dependency by implementing trade agreements that completely sidestep the world’s reserve currency, but there has been no overt sign of a sell-off that might be indicative of a coming attack on our currency.
Until now, that is.
According to a report from Zero Hedge the Russians have already started unloading their dollar reserves. In the month of December alone they sold a record $22 billion in U.S. Treasurys. While this may not seem like a big number, it is over 20% of their total US dollar holdings.
But here’s the kicker: They’re not the only ones getting rid of their dollars in what appears to be a fairly uncommon sell-off over the course of the last 60 days.