If this happens the dollar will no longer be the world's reserve currency causing more financial trouble for the US resulting in a tremendous rise in the price of oil and possibly bringing on a war with China. Why would any oil producing country accept dollars that are backed by nothing when they could be payed with money backed by real wealth as in precious metals??? Do you think our government and our central bankers would let China attempt something like this without trying to stop them in some way? Can you see how this could result in military action? Wasn't Libya attempting to do just that a couple of years ago before NATO invaded them and took over the country? Wasn't Iraq implementing a similar plan of demanding gold backed currency for oil payments before it too was invaded by the western powers? With China buying up all the gold and silver out there, what options does the US have other than war?
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