04 June 2009

Malaysia and China Move to End Dollar Trade

The two nations are considering conducting their trade in yuan and ringgit, as opposed to using the US dollar as a medium.

Basically, with both the Treasury and the Federal Reserve shoveling cash out the door into that black hole which is the shadow banking system, people are beginning to wonder if there might be a better vehicle to conduct trade with than the dollar, which they expect to depreciate.

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