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…
The dollar will not do well when only the US wants and has dollars. If the world demands payment in other forms of goods and currencies then the dollar becomes past tense. The dollar ‘s strengths only lies in its use and acceptance as a world currency…
This is not the stuff that your news is made up of. Your news is made up to order for you by the government of America to guide you in your thoughts on the world…
The main fact of this article is that: India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi’s lead. This just opens the door for Russia to take payment for oil in gold also…
That with more and more banks in the world switching what they use as a main currency or refusing to hold the approved dollar denomination in account according to what is expected by the USA. Makes for a very shaky future if you covet the US dollar. Most transactions with dollars are now short term, make quick money and unstable flows of currency that moves by huge volumes daily looking for a real home to settle at. There is so many excess dollars in the world that one day they are all going to float up on the shores of America and then what is America going to do to cover all that cash?
It looks to me that America is pushing the EU into the same position that India, China, Japan and Russia are doing. To do business with countries like Iran and such. They have to send the dollar away and use more reasonably backed methods to pay. They have to exclude the dollar because America has put so many stipulations on its use that usage is becoming a hassle. That does not point to a good future for the dollar. It may be king now but every country that uses another currency or commodity to deal and trade, are taking the foundation out from under the dollar and once that foundation weakens too much, the building will fall…
Kyle Keeton
Windows to Russia!