Last Wednesday, U.S. Secretary of State Mike Pompeo gave a disturbing interview to Fox Business Network in which he divulged his plans to form a
Tag: Petrodollar
The US is at War with Iraq, Libya, Syria, Iran, Russia, All to Protect the Petrodollar
The US dollar currently makes up 2/3rds of the worlds global reserve currency. This is because nearly every oil-exporting country in the world exclusively sells
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
Will Oil End the American Century?
The American Century, so triumphantly proclaimed in a 1941 Life magazine editorial by US establishment insider Henry Luce, was built on the control of oil
Is Putin Winning the War of Attrition With the US?
The news that President Donald Trump offered to hold a meeting with his counterpart in the Kremlin, Vladimir Putin, has the political world in an
China’s Gold Backed Petro-Yuan Challenges US Dollar Hegemony
Its introduction poses the first ever challenge to petro-dollar dominance. China is the world’s largest oil importing/consuming nation. Gold-backed petro-yuan futures trading began Monday on
China Taking the Long Road to Solve the Petro-Yuan Puzzle
Few geoeconomic game-changers are more spectacular than yuan-denominated future crude oil contracts – especially when set up by the largest importer of crude on the
Death of US Dollar? China Launches Petro-Yuan to Challenge Greenback’s Dominance
The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent
