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RE: China Launches the Petro Yuan and the US Stock Market Rallies?!?

in #bitcoin7 years ago

Hi there, thanks for the kind words. It's not a gold backed yuan, it's just that oil can now be bought with the Chinese Yuan rather than the US dollar. It's still basically fiat currency but it is a game changer. I wouldn't say I follow anyone in particular, I read a lot of news and my grad degree is in business so it's my background. If you would like another side to the story though I think RT News is fantastic, Greg Hunter on Youtube has a lot of really good interviews, Gerald Celente, Greg Mannarino and Lynette Zang are some others that you might like.