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China And Russia Dump The U.S. Dollar

November 24. 2010

Russia's Vladimir Putin and China's Premier Wen Jiabao  

In a sad but foreseeable turn of events, China and Russia have dumped the U.S. dollar as their nation's international currency of choice. The U.S. greenback was universally accepted as the world's official currency. However, the global economic downturn that began in America in 2008, due to corruption and fraud in the corporate sector, has caused a number of nations to rethink their financial strategies, as a means of protection. 

This news does not bode well for the dollar. For well over a year, the Judiciary Report repeatedly warned that excessive Obama Administration spending, coupled with the rampant fraud in the corporate sector, which the FBI and SEC refuses to clean up, would have disastrous effects. This is just the tip of the iceberg. 

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