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RE: China Delivers Knockout Blow to Petrodollar.
Gold backed trades but it's from a communist country which does not follow the 'rule of law' principle. Who will invest in a country where your assets can be seized?
+croat I have heard assets can be seized in the US too. It's called Civil Asset Forfeiture. Oh I forgot! FDR confiscated Americans' gold back in 1933 too. I actually would rather trade on the Shanghai Futures Exchange than on the CME.
Exactly! The land of the free is not so free. Trump just extended the Civil Asset Forfeiture law.