Jim Sinclair: Dollar Death Knells!

• Jim Sinclair: Dollar Death Knells! 
  by Jim Sinclair, http://www.jsmineset.com/ 
  This is the change in dollar settlement function and the decline of the dollar as the Reserve currency of choice, now the reserve currency by default.
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  1. February 2012, China and Japan ink a deal to do bilateral trade without the US dollar. The second and third largest economies in the world now trade without the dollar.
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  2. Sept 7, 2012, China and Russia begin trade without the American dollar.  Russia announces that it will sell China all the crude oil it needs.
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  3. China and Brazil begin trading without the US dollar.
  4. China and Australia ink a deal to trade without the dollar.
  5. India and Japan began bilateral trade without the use of the dollar, the largest currency swap of 2012.
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  6. India and China are buying oil from Iran but because of UN and US trade sanctions they are not allowed to use the US dollar. So to bypass the dollar they are trading in Gold.
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  7. Iran and Russia have begun to sell oil without the use of the dollar.
  8. China and Chile to trade without the use of the US dollar.
  9. China and UAEA to trade without the US dollar.
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  10. China and Africa (Africa Standard Bank) have said they will handle any transactions necessary between China and Africa. Right at this moment China is the #1 supplier of goods to Africa.
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  11. April 5th 2012, BRICS come together and decide they are going to do trade amongst themselves without the US dollar. 43% of the world’s population are in these countries, 18% of the world GDP and 53% of the global financial capitol are now not using the dollar.
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  12. Sept 7th 2012, China and Germany sign a deal to trade and not use the USA dollar.
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  13. Sept 6th 2012, China announces that any country wishing to sell crude oil can now do so using the Yuan the next day Sept 7, 2012, and it will not use the American dollar.
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  14. August 2012, China and Taiwan ink a deal to do trade in cross channel trade.

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