“The Chinese have already forged agreements amongst the BRICS and the ASEAN nations to use the yuan as the currency of trade, with countries such as Australia, New Zealand, and the UK agreeing to trade in the yuan in future. It may well be that China intends to sew up the world with yuan agreements, with the US as the last man standing, then pull the plug by simply by refusing outright to accept any further US debt of any kind. At that point, the US would be isolated and, in order to trade, would be forced to cave to the yuan as the currency of world trade. If this were to take place, the remaining question would be whether the dollar would remain as the US currency.”
http://www.internationalman.com/articles/the-next-best-thing
Related posts:
Are You A Good Candidate For Expatriation?
Dallas Buyer’s Club Illustrates How Regulations Kill
Ron Paul: Neo-Con War Addiction Threatens Our Future
Taxation of Americans Abroad versus the 14th Amendment
How the Thought Police Use Your Cell Phone to Track Your Every Move
Obama Wins A Second Term: Now What?
This Is What Happens When Americans Place Their Trust In The State
The Evil of the National-Security State, Part 2 - Jacob G. Hornberger
Tor: The Onion Router
Charles A. Burris: War Crimes, the Holocaust, and Today’s National Security State
Real ID Exposed: It Is Worse Than You Think
Austrian Detroit?
Bill Bonner: Zombie Nation
Capitalism: A Hate Story
Downturn Millionaires - How to Make a Fortune in Beaten-Down Markets