In this story from Robert Fisk of the UK Independent, called "The Demise of the Dollar", we discover that a new world order is working to stop using the USD for oil trading. Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.High level sources have confirmed that current deadline for the currency transition is 2018. The transitional currency in the move away from the USD, according to Chinese banking sources, may well be gold, which may help to explain the sudden rise in gold prices.
In related story, China and Turkey have agreed to conduct trade using their on currencies and not the USD. China continues to make plans to internalize its currency for world trade. Read the story here.
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