Just to be clear, the recent comments out of Kenya from the President that you should get rid of dollars is NOT a story about dollars and it is NOT anything to do with Project Sandman. That project, which still belongs in the conspiracy club, is reported to be about 140 countries who will repudiate dollars all on the same day. Nobody knows if that is real or not. I kind of doubt it. The real story here is domestic though.

You can see by the attached chart of Kenyan Shillings versus USD that in a few months time, price will hit a key long term resistance channel. I am pegging the reversal to come into play during late July.

Once the resistance line is struck it is presumed that Shillings will start to strengthen and dollars fall. That is not guaranteed of course. But on a probability basis it is certainly likely. The Kenyan President (who is a Billionaire by the way) obviously knows how to read a chart. That makes him a lot smarter than most US politicians. He is making a calculated bet that the dollar brokers in Kenya will soon be losing money on exchange rates. He is not referring to a repudiation of US Dollars though!!!