The Road to De-Dollarisation Will Run through Saudi Arabia

The Road to De-Dollarisation Will Run through Saudi Arabia

On Dec. 9, China’s President Xi Jinping met with the leaders of the Gulf Cooperation Council (GCC) in Riyadh, Saudi Arabia, to discuss deepening ties between the Gulf countries and China. At the top of the agenda was increased trade between China and the GCC, with the former pledging to “import crude oil in a consistent manner…

Say Hello to Russian Gold and Chinese Petroyuan

Say Hello to Russian Gold and Chinese Petroyuan

It was a long time coming, but finally some key lineaments of the multipolar world’s new foundations are being revealed. On Friday, after a videoconference meeting, the Eurasian Economic Union (EAEU) and China agreed to design the mechanism for an independent international monetary and financial system. The EAEU consists of Russia, Kazakhstan, Kyrgyzstan, Belarus and…

The Currency War Will Escalate as China’s ‘Petro-Yuan’ Challenges the U.S. Military-Backed ‘Petro-Dollar’

The Currency War Will Escalate as China’s ‘Petro-Yuan’ Challenges the U.S. Military-Backed ‘Petro-Dollar’

One quote that always crosses my mind regarding the decline of the U.S. dollar and the state of geopolitics associated with it, is by Gerald Celente, founder of the Trends Research Institute who said that “When all else fails, they take you to war.”  As the U.S. dollar continues to lose its status as the world’s premiere reserve…

Pakistan Must Make the Most of Newly Discovered Oil Reserves

Pakistan Must Make the Most of Newly Discovered Oil Reserves

News has broken that the American company Exxon Mobil has discovered vast oil reserves beneath the soil of Pakistan’s Balochistan province. According to Exxon Mobil’s experts, the reserves appear to be larger than Kuwait’s which if fully confirmed would make Pakistan one of the top ten oil producing nations on earth. For a country looking to revitalise…

The “Petroyuan” Might Save Nigeria and Avert Another Migrant Crisis

The “Petroyuan” Might Save Nigeria and Avert Another Migrant Crisis

China has expressed a readiness to increase its investments in Nigeria’s oil industry. The China National Offshore Oil Corporation has plans to pump another $3 billion into this sphere on top of the $14 billion in assets that it already has in the West African state, which is a huge move that indicates its intent…