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Here is a comment on Putin about this earlier this month.http://www.itar-tass.com/eng/level2.html?NewsID=13645841&PageNum=0“It is rumoured that a new currency will appear by the summer, neither the dollar, nor the euro, nor anything else,” unemployed Yelena Romanova, who is registering at the Podolsk Employment Centre, said during Putin’s visit on Wednesday. “These are rumours. American political and fiscal authorities will never agree to give up the dollar and will fight for it to the end,” Putin replied.
Will this cause the dollar to collapse? If so, how do you protect yourself?
buy gold. it will hold its value in the international market
AS GOOD AS GOLD!Perhaps China has studied the economic history of the West and has decided not to buy into a controlled economic demolition and war every fifty or sixty years since the South Sea bubble burst in the early 1700′s.If they back their currency with tangibles, join the currencies now in the ‘Special Drawing Rights’ (SDR) basket with the dollar, Euro, Pound and Yen …If they operate a federal or national reserve bank that is against the law to be privately owned …If they regulated their monetary systems and outlawed usury (compound interest) …… Why, Chinese money could be as good as gold!