It should be no surprise to anyone following the decline of the U.S. Dollar, but China and Russia have made an agreement to trade with each other without using the dollar. Here’s the story: China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier [...]
The old saying that you should be careful what you ask for–you just might get it–applies in spades to Helecopter Bernanke’s pressure on China let the Yuan appreciate vs. the Dollar. Washington, D.C. has been throwing its weight around in diplomatic circles, trying to cajole China into “playing fair” and letting their currency float subject [...]
After years of collaborating with other countries to bash the international monetary system for using largely U.S. dollar reserves, in the face of dollar weakness, China has suddenly realized how vulnerable they are to a decreasing value of USD. With upwards of $2.8 trillion of U.S. treasuries on their books, a dollar that could get [...]
It’s happening. It’s not comforting knowing that an ideology I despise as an enemy of individual liberty is having a field day with the declining dollar, but it’s true. The dollar faces collapse, and that’s exactly what George Soros and his socialist cohorts want. China premier warns of potential dollar collapse In a public statement [...]