The stench of U.S. economic decline: Russia and China dump the dollar, Dr. Paul Craig Roberts www.infowars.com www.prisonplanet.tv November 29, 2010 reported on Thanksgiving eve of the English language China Daily and People's Daily Online that Russia and China have concluded an agreement to abandon the use of U.S. dollars in bilateral trade and use their own currencies in their place. The Russians and Chinese, said they had taken this step to make their economies out of isolationThe risks that undermine confidence in the dollar as world reserve currency. While China has a large supply of dollars and growing trade surpluses with which to carry trade, in order, China has indicated it prefers Russian ruble and Brazilian real, more dollars. This is great news, especially for the downtime message of thanks, but I have not seen reported Bloomberg, CNN, The New York Times or anywhere in the U.S. press and TV media. The head remains in the ostrichSand. Before China joined the agreement with Brazil. While China has a large supply of dollars and growing trade surpluses with which to carry trade, in order, China has indicated it prefers Russian ruble and Brazilian real, more dollars. The press finds comfort in the American financial consequences, if the fear of public debt in the European Union to send the dollar against the euro and British pound. But that currency fluctuations are only measures of financial players short troubled EU...
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