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No escape from the dollar as the currency standard

- Alasdair Macleod - Finance and Eco.

Why did China pre-arrange over 23 bilateral trade agreements among major powers bypassing the reserve dollar. I believe there isn't going to be any enforced third party global reserve currency after the reserve dollar and Petrodollar collapses. It's not necessary. There will be many bilateral trade agreements between buyers and sellers as China has arranged already. The new currencies that replace the dollar will be redeemable in G & S for both nations and the public like the US had before 1913.

Just as the global reserve dollar will be replaced by bilateral trade agreements, the dollar standard will be relaced with the gold standard. Why else has the BRICS accumulated so much gold and silver (G & S) to make their warehouse receipts or currency redeemable by both nations and the public. They aren't accumulating G & S in order to tolerate global dollar fiat fraud dominance just because the dollar is still so convenient to trade with. The world wants to get away from the fraud that is the dollar dominance.

BTW - Roosevelt stopped redeeming gold because the Fed stole America's gold and sent it to Hitler causing the 30s Depression. Banking Chairman Louis McFadden's famous speech calling for the arrest of the Fed for gold theft and treason is in the congressional record. Read his speech here:

http://home.hiwaay.net/~becraft/mcfadden.html

Commented 3539 days ago

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Beginning of the headline :All commodities and near-commodities are priced internationally in dollars, and the dollar is used for over 80% of cross-border trade settlements. Consequently the dollar is the base currency for all countries' foreign reserves, giving it its reserve status. However, there are now challenges to the dollar's hegemony, with Russia, China as well as the other members, dialog-partners and associates of the Shanghai Cooperation Organisation (SCO), taking deliberate steps towards doing away with the d... Read More

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