CGI's Coeus: The World is Ditching the Dollar

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CGI's Coeus: The World is Ditching the Dollar

Posted By: RumorMail [Send E-Mail]
Date: Friday, 20-Apr-2012 15:16:48

The entire world outside of Europe and North America is increasingly on its way to ditch the dollar. This fact is not being reported in the MSM. Copyright issue prevents me from posting this article, so please go to the source of the article: Ditching The Dollar More on link: http://www.caseyresearch.com/cdd/ditching-dollar Snip In fact, they are doing more than pondering. Over the past few years China and other emerging powers such as Russia have been quietly making agreements to move away from the US dollar in international trade. Several major oil-producing nations have begun selling oil in currencies other than the dollar, and both the United Nations and the International Monetary Fund (IMF) have issued reports arguing for the need to create a new global reserve currency independent of the dollar. The supremacy of the dollar is not nearly as solid as most Americans believe it to be. More generally, the United States is not the global superpower it once was. These trends are very much connected, as demonstrated by the world's response to US sanctions against Iran. US allies, including much of Europe and parts of Asia, fell into line quickly, reducing imports of Iranian oil. But a good number of Iran's clients do not feel the need to toe America's party line, and Iran certainly doesn't feel any need to take orders from the US. Some countries have objected to America's sanctions on Iran vocally, adamantly refusing to be ordered around. Others are being more discreet, choosing instead to simply trade with Iran through avenues that get around the sanctions.