Monday, October 9, 2017

China Could Crush US Dollar

China has recently unveiled a new oil benchmark that is backed by physical gold. China is the worlds top oil importer so this could very well shake up the oil and currency markets. This new physical gold oil pricing is making the yuan more attractive to investors. Annalists believe this will cause a huge shift in power and money to the nation of China

The USA has always been able to deal with printing more money because the world prices oil in US dollars. Not only China but Venezuela and Russia are trying to use other currencies to price oil. This new pricing action will deliver a death blow to the US dollar and could cause inflation to run out of control in the American economy.


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