ANOTHER HUGE STRIKE AGAINST THE DOLLAR

in money •  7 years ago 

China is creating a petro-yuan in two months with gold-backed future contracts. This will challenge the American currency even more in the long run as countries will move away from the dollar in a much higher rate than now. When we think the last nail in the dollar coffin has been hammered, newer and stronger nails keep coming! This is HUGE, folks!

More details here:

https://www.cnbc.com/2017/10/24/petro-yuan-china-wants-to-dethrone-dollar-rmb-denominated-oil-contracts.html

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