Stephen Leeb warned King World News:
And the kings of this ‘New Financial Order’ are going to be none other than China, Russia, and Germany. The United States is not going to be there. They are going to have a role to play, but it’s not going to be a primary role when it comes to the monetary system, the financial system, or the general world economic system.
The first couple of innings of this is going to play out along the following lines: There is going to be a competing reserve currency for the US dollar, and it will not be the euro. The euro will go. Instead it will be the German mark, the Chinese yuan, and to a lesser extent the Russian ruble.