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China, Japan, Russia and Brazil reduce their reliance on U.S. dollar

June 19, 2009

Update, 19 June 2009: “2 Japanese carrying $134 bil worth of US bonds detained in Italy” – story here. Further report here. More revelations, here.

What this means, in simple terms, is that these countries are dumping the US dollar. More countries likely to follow suit.

Take cover, folks!

Full story here.

From → World Watch

2 Comments
  1. BobSam permalink

    Please note that it was confirmed that the 2 chaps were carrying fake bonds. If they were not fake, they would have been the 4th largest creditors of the USA.

  2. Whoa! US$134 billion inna false bottom suitcase, eh bro.

    That means I can put all that I’m worth inna teensy weensy flash drive?

    Which also means I can only go as far as I can throw the damn thing, right.

    Ponder on this, I shall, next week in Tioman when I’d gladly exchange ‘bytes’ for ‘baits & bites’.

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