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Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

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At theeconomiccollapseblog.com

Russia, the largest oil producer, and China, the world's largest oil importer, are hoarding gold, and there is evidence they intend to trade oil for gold in the future, instead of US currency. The Federal Reserve's out-of-control money printing has made the dollar unstable, and it is no longer useful for pegging the international price of oil, but the biggest impact of this change will be a dramatic rise in demand for, and thus the price of gold.

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At theeconomiccollapseblog.com


 

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I'm glad someone around here is paying attention!B... by Bill Johnson on Tuesday, Feb 19, 2013 at 9:43:51 AM
The total demolition of the buildings on 9-11 was ... by Lance Ciepiela on Tuesday, Feb 19, 2013 at 11:06:33 AM