The main stream and alternative media alike had been buzzing about the $400 billion natural gas deal between Russia and China. These media described that this huge natural gas deal between these two huge countries could eventually undermine the dollar reserve currency status. Whether this will be true or not for some time to come, nobody will know! Nonetheless, one could tell that China and Russia are diversifying their dollar reserves into something else such as this $400 billion natural gas deal. These two huge countries are hedging against the dollar, thus either these two huge countries will trade with each other in other currencies other than dollar or spending their dollar reserves to materialize their dollar reserves into something more tangible such as the $400 billion natural gas deal.
With all the talks of the dollar is losing reserving status either gradually or slowly reaching a tipping point where an avalanche of events will drive the demise of the dollar reserve status at a breakneck speed, I’m getting more interested in being more informed about this whole shebang. It was no surprised when I got a whiff of the new book “The Death of Money: The Coming Collapse of the International Monetary System” written by James Rickards, I was eager to purchase this very book on Amazon Kindle Store. Yes, I purchased this book in dollar! Anyhow, I’m going to read this book now, but by the time I finish this book I might be able to write a blog post or two about my reading of this book. It will not be a review of sort, but it will be more of what I think I’ve learned by reading this book.