In The Way to Freedom, Iceland abandons its fiat currency, shuts down its central bank and allows gold to be used as money. Iceland is then followed by Switzerland and (with a little armtwisting) China.  The rest of the world immediately sees the sense of this and enthusiastically follows suit. No, wait! That’s not what happens! But this below IS happening. Today. For real.

India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile’s intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.

By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank’s assets and the oil embargo which the European Union’s foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran’s oil exports.

via DEBKAfile, Political Analysis, Espionage, Terrorism, Security.