The word on the street is that very soon this side of the world’s countries will be back to doing business with their own currencies, oil, gold, silver and plus other commodities. Barter is going to become a revived word on this side of the world…
It looks like India has really woke up and it is inevitable before many other countries follow suit and start to drop the dollar for trade in most goods: India said this Monday it is deciding whether to use its own currency, the rupee, to pay for oil imports from Iran in the face of a US-led sanctions campaign aimed at forcing Tehran to abandon its nuclear program. India has said it will continue to import oil from Iran, joining China in refusing to bow to intensifying US pressure not to do business with Iran. India has been using gold in the last few transactions…
This is from my article a few days ago: Death of the Petrodollar – That American backed financial destruction of Iran theme, only gets weaker when one learns that Iran is dumping the dollar $ in its trade with Russia for rials and rubles, Then it shudders some more as we realize that it is a similar move to ones already made in its trade with China and Japan. As for India, its also refuses to stop buying Iranian oil and thumbed it’s nose at the USA, by trading gold for oil. India incidentally is already using the yuan with China in trade. As Russia and China have also been trading in rubles and yuan for more than a full year and Japan and China are now promoting direct trading in yen and yuan. Then to ice the cake, Iran and China, have agreed that all new trade and joint investments will be settled in yuan and rial. The East is inter trading and bartering as the dollar is becoming worthless. Other Eastern countries will join the parade as the dollar backed by the US sinks into the sunset…
India, Russia, Iran and China are now basically using their own money to do business with each other. If they are not, the work is being done to allow them to interchange finances. The dollar is being inflated on purpose and the East is catching the brunt of that inflation. The dollar is becoming worthless. So I would say by the end of the year of 2012 there will be a dozen + countries on this bandwagon…
It should worry you, that while the Western world is waging war on all of the world and it is spouting hate all over the world 24 hours a day. The real world is silently switching gears and processes to enable it to survive a world when the Western Empire collapses…
I have said many times, “The West will go down fighting!” That looks to be true as I write this article and that makes me sad…
Kyle Keeton
Windows to Russia!