At Own Your Futures, we keep an eye out for favorable circumstances we believe will interest our readers. The following is one such message from one of our colleagues I think you’ll appreciate.
China and Russia just agreed on using the Chinese Yuan for trade amongst each other as well as other countries.
Even India just ditched the U.S. dollar and will trade in Rupees with multiple countries going forward.
And last week, China and Brazil reached an agreement to settle trades in each other’s currencies.
The critical takeaway: If the U.S. dollar is replaced as the world’s currency, it could have disastrous effects on America’s ability to borrow money and pay back their debts.
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