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.


http://www.bloomberg.com/news/2011-12-25/china-japan-to-promote-direct-trading-of-currencies-to-cut-company-costs.html






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

http://www.ibtimes.com/articles/117991/20110302/china-yuan-trade-reserve-currency.htm

"China to allow all trades to settle in yuan, encourages use as reserve currency"

International Business Times,  March 2, 2011

http://www.reuters.com/article/2011/03/02/china-economy-yuan-idUSBJA00246420110302

"China aims to settle nationwide trade in yuan by 2011"

Reuters, March 2, 2011

The following story happened Nov. 24, 2010:

http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm

"China, Russia quit dollar"  

China Daily, Nov. 24, 2010