http://www.cnbc.com/id/102010160 Stumbled into this (totally unscientific little ditty) and thought....lets compare the US to Russia to China. If reality is perception then what fun the future holds, especially when you compare the reactions of executives to the the general public.
I've wondered just how long it's going to take the public to figure out that they're focused on the cape rather than the matador.
Both the Russian and Chinese central banks are focused on accumulating gold while the US central bank just wants to see how much money can be printed. They call this progress in the US.
Russia just made a deal with China to sell them oil. If they ever started paying for that oil in gold it would be a big stress on the U.S. Dollar.
God, no, not more stress on the USD. Anymore of that and my US exports are going to fall hard. (If my conclusion does not make sense to any of you, congratulations, you understand that one of my premises is wrong.)
it really wasn't my idea. It was the premise of the book Currency Wars. China needs oil, Russia needs T shirts and shoes and counterfeit Disney products. I don't trust the yuan or the ruble, and they don't either. It would be in both their self interest to trade with gold.
Sorry, I wasn't responding to you in particular, didn't write it well. Used "any of you" to capture anyone. : )