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Beijing has announced plans to start a crude oil futures contract priced in yuan and convertible into gold. The step might lead to the emergence of a new Asia-based crude oil benchmark to compete...
By Michael Snyder Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar. Most Americans don’t even know what the...
In this episode of the Keiser Report, Max and Stacy ask, “RIP, Petrodollar?” China readies a yuan-priced oil benchmark backed by gold. Is this the final nail in the dollar’s coffin? In the second...
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Today’s Guest: Steve St. Angelo Websites: SRS Rocco Report https://srsroccoreport.com YouTube: SRS Rocco Report https://www.youtube.com/channel/UCED7…
by Jim Willie CB The Chinese Govt is greatly irritated by the requirement to use USDollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in...
by Daniel Carter Ever since the British Empire relinquished its empire status to the US in the early 20th century, the US dollar has thrived as the Global Reserve Currency. This means that the US...
via thefreethoughtproject: The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss...
by Golden Jackass website The King Dollar is mortally wounded. Many notice but the masses seem largely unaware. Since 1971, the Gold Standard has been removed from its anchor position. But since 1973, the Petro-Dollar...
by Ian Shilling The PetroDollar Economy The petrodollar system was set up by Kissinger in circa 1975 to drive up the demand for U.S. dollars. In 1971 the U.S. went bankrupt from the costs...
BY SRSROCCO The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line. Saudi Arabia, the key...
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