Economist John Williams: Financial Collapse if Russia Sells U.S. Dollar Holdings

http://usawatchdog.com/russian-dollar-dump-could-crash-financial-system-john-williams/ - John Williams of Shadowstats.com says, "Don't look for the U.S. doll...

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Comment by B or D on March 9, 2014 at 8:03pm

And not only Russia.. What about China?? China’s official Xinhua news agency called for a “de-Americanised” world. And they have the power as well as Russia does.  China also urged for the creation of a “new international reserve currency… to replace the dominant US dollar”. So why should the rest of the planet listen to China?  China now accounts for more global trade than anyone else does, including the United States.

And China is the number 1 importer of oil in the world as well. China is even importing more oil from Saudi Arabia than the United States is. 

Comment by Nikki on March 9, 2014 at 7:18pm

Yep, they will deflect the blame from themselves.

Comment by Central Scrutinizer on March 9, 2014 at 7:06pm

they'll make war before they admit financial defeat, makes for good distraction/excuse ;)

Comment by Nikki on March 9, 2014 at 6:24pm

Maybe this is how it will go down.

Comment by Nobody Will Observe on March 5, 2014 at 1:21am

Fox news isn't reporting this.

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