RT
April 4, 2012
Over the years the US dollar has become weaker and weaker, and it seems the Chinese Yuan is getting stronger and stronger. In a few years China’s GDP is believed to surpass the US GDP making it the strongest in the world. Recently at the BRICS annual meeting, the five fastest growing countries decided to ditch the dollar and use their own currencies in mutual trade putting the buck almighty in jeopardy. Michael T. Snyder, founder of TheEconomicCollapseBlog.com, joins us to discuss what the future holds for the US dollar.
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NO… their Profits are all BAD US DEBT.
You do the maths.
You have a million in my IOUs ….. and IOU a million, when I default what do you get?