Reality Check ? Brazil and China Agree to trade in their own currencies.. No more U.S. Dollar ?

There are talks set all over the world by countries as varied as China and Russia to Argentina and Norway..
No longer the “reserve” currency now in dozens of countries, many of these same countries are now shifting trade currencies as well ….
While we rattle on and on about Internal US domestic and partisan Crap (Abortion, [...]

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Canadian Dollar

Russian Central Bank made an announcement regarding Canadian Dollar. It had started buying the Loonie and securities in a bid to diversify its foreign exchange reserves. Russia’s foreign exchange reserves, believed to be the world’s third largest, stood at $439 billion at the end of December.[More...]

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Russia May Delay Shift to Ruble Free-Float, Citi Says - Georgiandaily

Russia May Delay Shift to Ruble Free-Float, Citi Says
Georgiandaily
economy is unprepared for unrestricted currency trading, according to Citigroup Inc. The central bank spent a third of its foreign-currency reserves,

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Russia Cuts Rate to Spur Lending, Stem Ruble Bets (Update1)


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Will the ‘Axis of Oil’ succeed in bringing down the Dollar and thereby wreck the American economy ?

The Axis of Oil(AOO) consists of Russia, China, Iran, Venezuala and India and other disenchanted Middle East countries.
Since the Dollar is a world currency that is not backed by Gold but is backed by Oil(oil is always paid for in Dollars), it is the intention on this AOO to topple the American economy [...]

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US economic collapse = failure of capitalism as the fall of Russia = failure of communism ?

Will the US be able to keep it’s position as the world reserve currency - aka the Petrol dollar or will oil be traded in another currency sending the US dollar down the toilet when multiple trillions horded by the nations hits the open market ?
Will the bail out be a success ? What [...]

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What type of Economy is found in Russia?

What is the government’s role/relationship is how the economy works in the country? What rescource(s) are found in the country? What resources determines the impact on the GDP of the country? Are wealth and opportunity evenly distributed among all citizens? What does the country import, export? Who are the trade partners of the country? Is [...]

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Do you think Arab states have launched secret moves with China, Russia and France to stop?

using the US currency for oil trading?
http://www.editurl.com/3k0
Agreed “Home”. You must admit Mr. Obama is not helping AT ALL.

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