China's Attack On The Dollar: What Does It Mean?

in #anarchism6 years ago (edited)

China has been accumulating gold for years, while Americans have been duped into believing that gold is no longer money. The Chinese, Ron Paul noted, are not so eager to keep piling up on U.S. dollars and U.S. Treasury debt. In 1972, President Richard Nixon cancelled the direct international convertibility of the USD to gold.

Sort:  

You got a 15.38% upvote from @votebuster courtesy of @rightscomet!

This post has received a 4.27 % upvote from @sleeplesswhale thanks to: @rightscomet.

This post has received a 35.71 % upvote from @steemdiffuser thanks to: @rightscomet. Steem on my friend!

Above average bids may get additional upvotes from our trail members!

Get Upvotes, Join Our Trail, or Delegate Some SP

This post has received a 3.14 % upvote, thanks to: @rightscomet.

Coin Marketplace

STEEM 0.26
TRX 0.11
JST 0.033
BTC 64107.21
ETH 3073.84
USDT 1.00
SBD 3.88