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Why China Is Angry & The U.S. Doesn't Care... *VID* *PIC*

Why China Is Angry & The U.S. Doesn't Care (VIDEO)
http://www.youtube.com/watch?v=gOZXm6h-h0c

Interesting -- One of the 'Comments' to this Video...
(QUOTE):
The U.S. should be careful or it will lose its status as the currency for buying oil -- "the Petro Dollar". As China grows it's Navy, it will replace the U.S. Navy´╗┐ to "protect" shipping lanes for oil flow. Given a turn over in the House of Saud the whole picture may change and oil will be sold in Yuan instead of dollars. This will collapse the dollar...

And NOW...

China, Russia Quit Dollar on Bilateral Trade


China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday in St. Petersburg.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg...
LINK:
http://english.peopledaily.com.cn/90001/90778/90859/7208907.html


And THIS...

Russia Adds Canadian Dollar to Reserves, Australian Currency May Be Next


Russia has started adding the Canadian dollar to its international reserves and may increase those holdings in coming months, said Alexei Ulyukayev, first deputy chairman of Russia’s central bank.

“We have recently begun investing in assets denominated in the Canadian dollar,” Ulyukayev, 54, said in an interview yesterday in Moscow. “So far, the amounts are very small, but there’s perhaps potential for increasing our holdings.”

Russia aims to diversify its reserves, the world’s third biggest, and promote the use of regional currencies in international trade and finance to reduce risks posed by the dominance of the U.S. dollar. The central bank also plans to increase gold holdings and may consider including other currencies, including the Australian dollar...
LINK:
http://www.bloomberg.com/news/2010-11-24/russia-adds-canadian-dollar-to-reserves-eyes-other-currencies.html


While...

Critics Slam Obama Administration for 'Hiding' Massive Saudi Arms Deal
Largest Arms Deal In U.S. History Pushed While Congress In Recess


The Obama administration has quietly forged ahead with its proposal to sell $60 billion worth of fighter jets and attack helicopters to Saudi Arabia unhampered by Congress, despite questions raised in legislative inquiries and in an internal congressional report about the wisdom of the deal.

The massive arms deal would be the single largest sale of weapons to a foreign nation in the history of the U.S., outfitting Saudi Arabia with a fully modernized, potent new air force...

LINK:

http://abcnews.go.com/Blotter/critics-slam-obama-administration-hiding-massive-saudi-arms/story?id=12192558


A Big Change coming soon to the House of Saud?...

86-Year-Old Saudi King Arrives in U.S. for Medical Care  (Hmmm...)
http://cnsnews.com/news/article/86-year-old-saudi-king-arrives-us-medica

...and soon, maybe Nobody will be pegged to the U.S. Dollar?  A turn over in the House of Saud, but no rollover in the U.S. House of FED?  Maybe a steamroller...  

NAKED...

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