10-25-17

China’s launch of ‘petro-yuan’ in two months sounds death knell for dollar’s dominance

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 Chinese plans, according to the head of Graticule Asset Management Asia Adam Levinson, as quoted by Bloomberg.

PLUS

The dominoes are falling and the cabal is in trouble. The Trump dossier is now linked to the Clinton’s and this is not a good sign. The people of Catalonia are reporting that they are now pushing for independence despite Spain saying no. The UN backed government in Libya is in trouble and might be pushed out of the country. The Iraqi forces are pushing a offensive to remove the IS. The cabal is finished by they still might try an event.

AND MORE

The Dominoes Are Falling And It Doesn’t Look Good For The Cabal 

Here It All Comes, The Truth And The Event All At The Same Time

The House Judiciary is going to open an investigation into Comey and the Uranium 1 deal. The Fusion GPS owners will not reveal their clients or the financial information because it will expose who actually hired them. Catalonia is preparing for a civil war. The cabal uses the propaganda that NK is developing biological weapons. Leaked report shows that NATO cannot defend against Russia. Iraqi’s say the US is the invading force not Iran. Iran responds and says the battle with IS is almost over and the US will need to leave Iraq and Syria. Russia is getting hit with a cyber attack which is hitting their news agencies.

The Economy Is Collapsing One City At A Time 

Home ownership has declined in Canada and in many parts of the world. Someone purchased a huge amount gold future contracts which pushed the gold price up. The economy will be coming down city by city, we are already seeing this in San Francisco and in many other cities. There is nothing the central banks can do at this point the interest rates are already very low and the people just don’t have the funds to keep up with rising home prices.

Sources X22Report

Could China’s Launch of ‘Petro-Yuan’ in 2 Months be Death Knell for Dollar’s Dominance?

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 Chinese plans, according to the head of Graticule Asset Management Asia Adam Levinson, as quoted by Bloomberg.

Source Jim Yackel

China’s DIRECT ASSAULT on US Dollar: Yuan-for-Oil Deal With Saudi Arabia

Trigger Warning!!! This channel runs on facts, evidence & intellectual honesty! Tread cautiously!!! China is currently modifying the terms of its oil trade with Saudi Arabia. Specifically, China is working on a deal to pay for Saudi oil using Chinese yuan. This effort poses a direct threat to the security of the dollar. If this China-Saudi deal happens — yuan for oil — it’s another step closer to the grave for the petrodollar, which has dominated global finance since 1974. Wake up, stay awake and awake others!

Source The Fling News

China’s launch of ‘petro-yuan’ in two months sounds death knell for dollar’s dominance

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 Chinese plans, according to the head of Graticule Asset Management Asia Adam Levinson, as quoted by Bloomberg. 

Earlier this year, the Chinese government announced plans to start a crude oil futures contract priced in yuan and convertible into gold. The contract will enable the country’s trading partners to pay with gold or to convert yuan into gold without the necessity to keep money in Chinese assets or turn it into US dollars.

The new benchmark will reportedly allow exporters, such as Russia, Iran or Venezuela to avoid US sanctions by trading oil in yuan. 

The analyst said the new contract would be able to serve as a hedging tool for Chinese corporations, as well as support the government’s broader plans to extend the use of the national currency in trade settlement.

According to Levinson, Chinese companies might grow into anchor investors in Saudi Arabia’s initial public offering of its national oil giant, Saudi Aramco. 

At the same time, some analysts are skeptical of China’s ambitious plan to create its own benchmark.

“Game changer it is not — at least not yet. But it is another indicator of the beginning of the glacial, and I emphasize the word glacial, decline of the dollar,” said Gal Luft, co-director of the Institute for the Analysis of Global Security, as quoted by CNBC. 

The end of US dollar hegemony has been a consistent message from Russian President Vladimir Putin.

“Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulatory reforms and to overcome the excessive domination of the limited number of reserve currencies,” Putin said two months ago during the BRICs summit in Xiamen. RT

====================================================================================

DISCLAIMER: Ads seen on this page or on this site 

are NOT endorsed by NOR are they placed by Due Diligence

THIS ARTICLE ENDS HERE

===========================================================================