#GoldforOil

India bypassed U.S. sanctions against Iran by agreeing to pay Tehran gold for oil.
China is soon to follow. This will surely have damaging effects on the U.S. Dollar.

Update 2.7.2012: Someone did not want everybody to know about
#GoldforOil so they have re-released the 'official terms of the deal'.

 Update 11.13.2012: The above article has been slgihtly 'removed' from the Internet,
 which seems pretty strange.  So I have another article/link for you here.

1 million evacuated in China

A typhoon pummeled China's eastern coast Sunday, flooding villages and forcing nearly a million people to flee to safety. Officials rode bicycles to distribute food to residents trapped by rising waters.Typhoon Morakot struck after triggering the worst flooding in Taiwan in 50 years. Dozens are missing and feared dead. The typhoon was so strong it toppled a six-story hotel. It earlier lashed the Philippines, killing at least 21 people. Morakot hit Taiwan late Friday and crossed the island Saturday. The Disaster Relief Center reported Sunday that flash floods washed away a home in southern Kaohsiung, leaving 16 people missing. Three were swept away in southeastern Taitung county, including two policemen helping to evacuate villagers.