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Gold-Backed Ruble, Yuan to Trigger Global De-Dollarization

© Sputnik/ Pavel Lisitsy

17:22 05.12.2015Get short URL

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A gold-backed ruble and gold-backed yuan could start a ‘snowball exit’ from dollar F. William Engdahl notes, adding that it will diminish America’s ability to use the reserve dollar role to finance Washington’s perpetual overseas wars. 640 more words

Americas

China Marks Gold Reserve at Market Value

The ECB was the first central bank to value it’s gold reserves at market value, instead of a fixed value or weight denomination. Several countries have adopted this gold policy of marking gold reserves to market value. 1,878 more words

The International Reporter

The meaning of China's gold announcement and the new dollar

“official gold reserves”: what you see is not all there is to it…


As far as the new dollar is concerned:

A revaluation of the dollar via introduction of a new dollar will have the effect of making debt easier to pay. 369 more words

Gold & Finance

Will the "Lone Star State" become the Gold Bar State?

Gold is the old (and new) currency, and Texas is ready for the impending crash of the U.S. dollar.

There was a time when every American paid for goods & services with gold. 307 more words

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