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…

Will China Forming Oil Buying Cartel End the Petrodollar?

Will China Forming Oil Buying Cartel End the Petrodollar?

China is building a buyer’s group (or cartel) comprised of its major state oil companies. I’m frankly surprised that this wasn’t already the case, since everything else is tightly controlled in China. A report from Bloomberg (via Investing.com) states that: Senior executives from China Petroleum (NYSE:SNP) & Chemical Corp., PetroChina Co., Cnooc Ltd. and Sinochem…

No One Knows What Comes After the Dollar Exit, Only That It’s Inevitable

No One Knows What Comes After the Dollar Exit, Only That It’s Inevitable

Irrespective of where you reside in the world, chances are you feel some sense of unease, a nagging concern for the future and a deep instinctual understanding that an era you knew and navigated your entire life is slipping away and won’t be coming back. We’ve been witnessing widespread protest and unrest across countries with…