Chinese bank launches yuan service in New York
Posted by easysavingmoneytips on January 15, 2011
For those who do not believe in the decline of the US dollar & possibility of its collapse, see the Market Watch & the Associate Press report, Jan12.2011, “Chinese bank launches yuan service in New York”. According to the report the dollar fell from 80.82 to 80.016, the lowest since Jan 4th & “They are trying to expand the scope of people who can hold renminbi and that increases demand”. Don’t believe in a “one world government”, Zhou Xiaochuan, China’s central bank governor in 2009, called for a new global currency to replace the dollar for trade & storing reserve. Whether you believe or not, you should consider investing in gold and silver & prepare to survive the collapse, “How to Survive Total Economic Collapse”
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