The Iranian Supreme Leader Ayatollah Ali Khamenei stated that the cooperation between Moscow and Tehran and the refusal of mutual payments in US dollars could isolate the USA and “repel the American sanctions”. The Supreme Leader added, “It is possible to cooperate with Russia in dealing with large-scale issues requiring commitment and determination, and to…
For years now, I have been warning about the relationship of interdependency between the U.S. and Saudi Arabia and how this relationship, if ended, would mean disaster for the petrodollar system and by extension the dollar’s world reserve status. In my recent articles ‘Lies And Distractions Surrounding The Diminishing Petrodollar’ and ‘The Economic End Game…
The key to the coming petro-yuan lies in Moscow. And, if the Chinese currency eventually succeeds in usurping the long-standing petrodollar, Washington will only have itself to blame. News that China plans to launch a yuan-denominated oil futures contract by the end of this year has come as a surprise to many analysts. However, Russia…
There were two Executive Orders among thousands that had the most impact in the lives of the public. From 1933-1974 the United States Government implemented the removal of gold as money from the minds of the Americans completely shifting the paradigm of the monetary system. No longer did people see the right of holding gold…
One of the world’s top energy importers, China, is set to roll out a yuan-denominated oil contract as early as this year. Analysts call the plan, announced by Beijing in September, a huge move against the dollar’s global dominance. The so-called petro-yuan is a “wake up call” for investors who haven’t paid attention to the…
Readers at home and around the world want to know what to make of the announcement that China henceforth will conduct oil purchases and sales in gold-backed Chinese currency. Is this an attack by Russia and China on the US dollar? Will the dollar weaken and collapse from being discarded as the currency in which…
