China and UAE ditch US Dollar, will use Yuan for oil trade

The US dollar is fast losing out its reserve currency status with China aggressively replacing the dollar with the Yuan as a currency for bi-lateral trade. The latest is an agreement signed between the China and the United Arab Emirates (UAE), which will use the Yuan for oil trade.

http://bit.ly/At5P6O


From Information Clearing House

--------

Obama s flawed case for insourcing

Reason
by Shikha Dalmia

American workers are losing jobs to machines, not to Chinese workers...
http://reason.com/archives/2012/01/31/obamas-insourcing-phony-baloney


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=China
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Yuan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=United+Arab+Emirates
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=reserve+currency
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=workers
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Shikha+Dalmia
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