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Sports, Politics, Financial Markets, Silver & More

Major Blow to the Dollar

This story of a large pact between China, Russia, Japan, France, and the oil producing Gulf states to end conducting oil deals in dollars is the latest, and maybe the largest sign yet marking the swift, sharp fall of both the dollar and US financial dominance of the globe.  The story is from the United Kingdom paper ‘The Independent’, confirmed by Chinese bankers in Hong Kong and Gulf bankers as well.  You can be sure it will get mimimum play in the US.  This is a major body blow to the gut of the dollarand our country, and will likely be folowed by more.  It’s also tremendously good news for gold and silver.

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