Tag Archives: China
Click here to read an article discussing how Iran has joined a number of other countries which no longer use the US dollar for their foreign trade. For a long time the US dollar has been used as a reserve … Continue reading
The BRICS countries (Brazil, Russia, India, China and South Africa) are forming an anti-dollar alliance. They are developing systems to bypass the dollar, apparently very quickly. One of the motivating factors is to end the US’s ability to keep bullying … Continue reading
China makes huge announcement strongly implying that it will stop accumulating US dollars. US media remains silent.
China announced that it was no longer in its interest to accumulate foreign exchange reserves (which are mostly US dollars). This implies that it will stop stockpiling US dollars and it may also imply that it will stop buying US … Continue reading
More bad news for the future of the US dollar: Japan and China agreed to trade their currencies directly without using the dollar as an intermediary. Steps like this will contribute to what appears to be the inevitable dropping of … Continue reading
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