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Thursday, February 7, 2013

Jim Willie: ''Fever Pitched Currency War & USDollar Rejection in 2013''

The Latest from Jim Willie from Silver Doctors

''With Russia, South Korea, Japan, Iran, India, and Australia onboard with Chinese Yuan swap deals, one must suspect that a critical mass of perhaps half of global trade is conducted outside the USDollar shadow. This is a growing critical mass that acts much like scattered pylons on which to place a new trading platform. The key is that the collection of bilateral trade conducted by China is no longer done in USDollars. The objections are openly stated, that nations do not find it obligatory to settle trade in a third-party currency like the USDollar, especially when the US central bank is flooding the system with USDollars of highly suspicious origin but with very certain negative ramifications on the value of nationally managed reserve systems. The other big more recent hint is that Turkey is serving as a test site for trade settlement in Gold. Ankara bazaars are providing Gold in giant quantities, used in satisfying trade payments. So far the sleep Anglo bankers consider it minor, and operating in the Iranian shadows. They are wrong.''

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