Bank of India DROPS Dollar in trade with China - They now ONLY take the Chinese Yuan!

This has got to have the U.S. government in an absolute tizzy and beside themselves!  The U.S. went into Iraq for less than this (daring to sell oil in Euros) and dropping the dollar.

India is now trading with China using the Chinese Yuan and has dropped the U.S. dollar completely!

This is huge the two largest growing economies are now trading between each other without using the dollar!  India and China feel the Yuan is more stable than the U.S. dollar now, as it is not being inflated.

Portion:

Indian buyers are at present making payments in US dollars, and they often have to convert rupee into the US currency for the purpose. The US dollars will no more be the intermediary currency as the BOI is offering direct settlement between the rupee and the Chinese money.

Chinese exporters want their money in the local currency, which is regarded as more stable compared to the US dollar. They are also in a position to have their way because Indian buyers do not have an alternative source of low-cost goods, sources said. 


Now the Chinese Yuan is the currency of trade between Russia and China (they dropped the dollar last year in trade between the two), besides India and China.  The Asian countries had begun trading between each other in the Yuan last year, but huge countries had held back, besides Russia.

Is this the start of more countries taking the step of using the Chinese Yuan as the currency of trade?

We can thank Bernanke and the U.S. government for printing U.S. dollars into oblivion.  Here is the graph released from the Fed Reserve Bank of St. Louis of how many dollars have been printed.

Even those who have been keeping their heads in the sand about what is really happening, should look at that graph and gasp!  As soon as the rest of the countries take the step that India and Russia have and the dollar is dropped everywhere, we will be Zimbabwe.

I wouldn't be surprised if even our most trusted and close allies announce in the not too distant future they will be trading with China using the Yuan and dropping the dollar.  Imagine if Australia/France and other European countries take this step..........  do you doubt they will at some point in the future, to protect themselves?

Last month (January) the news had come out that India and Iran were coming to an agreement to trade Oil for gold between the two countries. 

The writing is on the wall - have you paid attention?  Do you have investments that will protect you when the U.S. dollar is rejected by all the countries as the trading currency?    There have been enough people warning everyone this was coming, so no one should be shocked or surprised when it happens.   Unless of course they only listen to MSM and hear how "Wonderful, everything is".