Just to update you, some hotels and shops in Europe and other countries will now not accept the US $ as payment for services and goods.
"Right now, the rest of the world owns $3 trillion more of the US than they own of them."
Wikipedia
"For Pre-Payment Bookings, the price will be fixed in the currency for which payment was originally made. Book Now accepts payments only in EURO and POUNDS STERLING."
One European Site's terms
It all started here;
Chinese Yuan; A new world reserve currency?
Only a mere twelve days into the New Year (2011) and China have already set the wheels in motion to use their most powerful weapon, the Yuan, in order to combat inflation. This may well be the first decision of many that will result in the Yuan being phased in as the new world reserve currency.
Blacklisted News/Economic Assassion Blog.
Timothy Geithner Welcomes a New World Reserve Currency
By The Party of No. on March 18, 2011
Two years ago this month there was a lot of talk coming from China and Russia urging for a new world reserve currency in the face of a weakening dollar. In fact the Chinese were calling for the IMF to create a “super-sovereign reserve currency” which would turn the IMF in to a world central bank.It just so happens that the IMF has already had a currency of its own called the SDR since 1969. However at the time that China was calling for a new reserve currency the SDR was not a convertible currency. It was only used to boost the reserves of a particular country, giving that country a stronger balance sheet which allowed that country to borrow more. That all changed in September of 2009 when the IMF made the SDR fully convertible. The IMF also doubled the amount of SDRs in circulation. Last month the IMF announced that it had a plan to use the SDR as the world’s reserve currency and is suggesting that they print trillions of dollars worth within the next few years.What is amazing is that back in March of 2009 when all of the talk coming from China first emerged Timothy Geithner had this to say: Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund. He later had to explain himself further as the dollar started to drop in value. But I think that this statement highlights the fact that the plan all along has been to use the SDR as the new reserve currency, which is being emphasized by the IMF’s recent plan.
What we as Americans need to prepare for is the possibility of a new world reserve currency. If we lose this status, US Dollar demand will drop dramatically and will cause a massive loss in value for the Dollar. This will cut the value of anything that is Dollar denominated. There are many ways to protect yourself, but at ITM Trading we believe that gold is the best way to do it as it is the only true form of real money. Gold is a currency in its own right. It is the perfect hedge against inflation, hyperinflation or currency collapse.
The handwriting is on the wall in regards to where the dollar is headed. We can’t keep printing money to bail ourselves out; the world just won’t allow it for too much longer.
END
Boy what predictive words they were......
Don't shoot the messenger guys, I just report the news, I dont make it. Gold and Silver have zoomed in price this year alone. This all supports what the commentator reports in that first documentary link I gave you in post 1. I think he prepared that last year.