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RE: China has Replaced the Petrodollar - Making Gold the Worlds New Reserve Currency.
Thank you for posting this...very interesting article.
This has been tried before....we will see how much the US sits back and allows this. The invasion of Iraq has nothing to do with WMDs or oil but the Petrodollar. It is imperative to the US Govt that the dollar is the worlds reserve currency...something they will go to the ends of the world to defend.
It is going to be interesting.
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they will watch as it slips away this time - because China is not a easy beat like Iraq and lets face it , the USA had enough trouble beating even Iraq.