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SE: Why More Countries are Dumping the US Dollar ? Dollar Death !!

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Keiser Report via Youtube


Many foreign countries have decreased their demand for US government debt. Even China, which holds more US debt than any other country, has lowered its US Treasury debt from 14 percent to 7 percent. There is little chance that China will dump all of its US debt at once. If it did, the US dollar would collapse overnight and severely affect international trade. Still, there appears to be a trend.
India on its side switched to ruble payments on supplies of Russian S-400 air-defense systems as a result of US economic penalties introduced against Moscow. The country also had to switch to the rupee in purchases of Iranian crude after Washington reinstituted sanctions against Tehran. In December, India and the United Arab Emirates sealed a currency-swap agreement to boost trade and investment without the involvement of a third currency.
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