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To: BDParrish
Russia has been finalizing oil contracts in euros.

Oh; THAT's really stable!

74 posted on 01/04/2017 7:16:24 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Elsie

Russia has been finalizing contracts in Yuan also. US dollars will become just as volatile and worthless as any other currency when it is no longer in demand by countries who must have dollars to buy oil. If the yuan can be tied to gold, if the renminbi can be used to buy oil, then we experience two painful results: (1) no more deficit spending, welfare, entitlements, bank bailouts etc. and (2) all the dollars that are out there as US nat’l debt have to come back into the dollar denominated economy as inflation.

Look for signs that China is buying bullion.


86 posted on 01/05/2017 5:35:38 AM PST by BDParrish (One representative for every 30,000 persons!)
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