Culture of Life News Mon 2010-04-05 09:07 EDT
China Buys Volvo--Yuan Will Be #1 Currency In Future
...the Chinese are cutting out the use of dollars as international trade settlements. Right now, for various reasons, OPEC still uses the dollar in this way but they are now openly talking about changing their own policies. And change will come, no matter how deluded we are. Already, currency players and international investors are running from the sinking US dollar and rowing like mad to get aboard the euro and yuan ships. The near sinking of the euro scared everyone to death since Europe has no powerful central government but is rather, a very loose confederation. Which is very, very, very unstable. [dollar losing reserve currency status]
1 Currency; China Buys Volvo; Culture; future; Life News; Yuan.