RE: China Delivers Knockout Blow to Petrodollar.

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China Delivers Knockout Blow to Petrodollar.

in money •  7 years ago 

Gold backed trades but it's from a communist country which does not follow the 'rule of law' principle. Who will invest in a country where your assets can be seized?

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7 years ago by

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      ·  7 years ago 

    +croat I have heard assets can be seized in the US too. It's called Civil Asset Forfeiture. Oh I forgot! FDR confiscated Americans' gold back in 1933 too. I actually would rather trade on the Shanghai Futures Exchange than on the CME.

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        ·  7 years ago 

      Exactly! The land of the free is not so free. Trump just extended the Civil Asset Forfeiture law.

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