Tuesday, December 27, 2011

China and Japan make a deal not to have to trade in dollars

Because the world currency is the U.S. Dollar, we have a lot of advantages that other countries don't have. I posted some predictions by Porter Stansberry about nine months ago, he said that when the world stops using the U.S. dollar as the world currency, we will have a collapse of our economic system.

Here is an article published by Bloomberg yesterday.  I think we should all pay attention.  Make a list and check off the countries one by one as they make these deals.


(Just in case you don't remember, here are the stories I posted March 3,  2011.)

"China to allow all trades to settle in yuan, encourages use as reserve currency"
International Business Times,  March 2, 2011

"China aims to settle nationwide trade in yuan by 2011"
Reuters, March 2, 2011

The following story happened Nov. 24, 2010:

"China, Russia quit dollar"  
China Daily, Nov. 24, 2010

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