Gold Backed China's Yuan Set To Become Global Reserve Currency?

• published: 04 Aug 2013
• views: 6347

_Gold Backed China's Yuan Set To Become Global Reserve Currency? What will China's decision to bypass the American dollar when trading oil mean? Dollar no longer primary oil currency as China begins to trade oil with Yuan "For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency." What does this action by China mean? How will it affect people across the world and especially people in America? Will this escalate the tension between America and China? How will this affect the current world currency or the whole global economy for that matter? [Researched and sourced answers are preferable.] In The Left Nothing is Right & in The Right nothing is Left - Unknown Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king .... - Bob Dylan "Serial Killers do on a Small Scale What Governments do on a large one..." - Serial Killer Richard Ramirez " The Government Works for ME , I do not answer to them They Answer to ME " - Glenn Beck "Tyranny will Come to Your Door in a Uniform " - Alex Jones "The Government is not The Solution to our Problems , The Government is The Problem " - Ronald Reagan "When the people fear their government, there is tyranny; when the government fears the people, there is liberty." - Thomas Jefferson "College is a waste of Money" - Albert Einstein Schools manufacture people who think that they're smart but they're not. - Robert Kiyosaki Education is what you learn after you leave School - Robert Kiyosaki " ‏Schools were designed to create employees for the big corporations." - Robert Kiyosaki "If a law is unjust, a man is not only right to disobey, he is obligated to do so" - Thomas Jefferson Dissent is the highest form of patriotism - Thomas Jefferson "True education makes you feel stupid. It makes you realize you have so much more to learn." - Robert Kiyosaki There's the rich, the poor, and the tax payers...also known as the middle class. - Robert Kiyosaki ‏ "One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way The losers in life think they have all the answers. They can't learn because they're too busy telling everyone what they know. - Robert T. Kiyosaki ‏ "Failure is simply the opportunity to begin again. -This time more intelligently." - Henry Ford If you expect the government to solve your problems, you have a problem. - Robert Kiyosaki ‏ "Those who give up their liberty for more security neither deserve liberty nor security." - Benjamin Franklin "None are more hopelessly enslaved than those who falsely believe they are free." - Johann Wolfgang von Goethe "Always trust someone who is seeking the truth , never trust someone who found it" - Jordan Maxwell Be The Change you want to see in The World - Unknown Failure inspires winners but defeats losers Robert Kiyosaki ‏ "If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people" . - A Chinese Proverb "First they came for the Socialists, and I did not speak out-- Because I was not a Socialist. Then they came for the Trade Unionists, and I did not speak out-- Because I was not a Trade Unionist. Then they came for the Jews, and I did not speak out-- Because I was not a Jew. Then they came for me--and there was no one left to speak for me." UNKNOWN