This the end of the perto-dollar is coming as China and Russia consolidate behind a new currency.
Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today
Chinese officials have periodically discussed plans to disrupt the dollar's dominance as a global currency, but Beijing this year has bought gold in record quantities.www.google.com
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Saudia Arabi and other oils companies are moving towards it as well. Once this occurs its game over for us.
We will become a 3rd world country currency wise. The only thing aiding our side is our military power and nuclear weapons. Our threath of violence is keeping the world in check.
The more we squeeze the more sand we lose in our grip.
Oh come on....Tangible backed currency is so out of fashion.
Now they are moving on to central bank backed crypto dollars.