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>> RESERVE BANK OF INDIA Latest News

NOV 08, 2013 - Zero Hedge

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Guest Post: How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System

Submitted by Michael Snyder of The Economic Collapse blog, The death of the dollar is coming, and it will probably be China that pulls the trigger.  What you are about to read is understood by only a very small fraction of all Americans.  Right now, the U.S. dollar is the de facto reserve currency of the planet.  Most global trade is conducted in U.S. dollars, and almost all oil is sold for U.S. dollars.  More than 60 percent of all global foreign exchange reserves are held in U.S. dollars, and far more U.S. dollars are actually used outside of the United States than ... Read More

Tags: Guest Post: How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System,  Reserve Bank Of India Latest News