14th December, 2018
Forces are aligning against Saudi Arabia’s Crown Prince, lead by elements within the CIA and strong players in the mainstream media. But what is really behind this deterioration in relationship, and what are its implications?
Posts Tagged ‘petro-yuan’
The real reason Western media & CIA turned against Saudi MBS
Posted by seumasach on December 15, 2018
Posted in Currency Wars | Tagged: petro-yuan, saudi russia rapprochement | Leave a Comment »
Russia sells off record amount of US Treasury bonds
Posted by seumasach on June 21, 2018
18th June, 2018
The US Treasury Department report for April published on June 15 revealed that Russia sold $47.4 billion out of the $96.1 it had held in Treasury bonds (T-bonds). In March, Moscow cut its Treasury holdings by $1.6 billion. In February, Russia reduced its bond portfolio by $9.3 billion. Other holders did it too. Japan sold off about $12 billion, China liquidated roughly $7 billion. Ireland ditched over $17 billion.
Posted in Uncategorized | Tagged: de-dollarisation, decline of dollar, dollar collapse, End of empire, new global financial architecture, new global financial system, petro-yuan | Leave a Comment »
The Almighty dollar against the Great Petro-Yuan Temptation
Posted by seumasach on January 30, 2018
September, 2017
Qatar, North Korea, the Baltic Sea, risk of a World War III… and all the military ranting mentioned in the media lately, are issues going hand in hand with the programmed and imminent advent of the catastrophic scenario for the dollar as a unique world reference currency: the Petro-Yuan will be in place at the end of the year. More than a petro-currency, it will be a petro-gas-gold-currency! The West is thus preparing to switch to total anachronism with this founding act of the 21st century multipolar world.
Posted in Multipolar world | Tagged: BRICS cryptocurrency, demise of dollar, dollar collapse, petro-yuan | Leave a Comment »
Challenging the dollar: China and Russia’s plan from petroyuan to gold
Posted by seumasach on October 5, 2017
“The reason the dollar plays such an important role in the world economy is due to the following three major factors: the petrodollar; the dollar as world reserve currency; and Nixon’s decision in 1971 to no longer make the dollar convertible into gold. As is easy to guess, the petrodollar strongly influenced the composition of the SDR basket, making the dollar the world reserve currency, spelling grave implications for the global economy due to Nixon’s decision to eliminate the dollar’s convertibility into gold. Most of the problems for the rest of the world began from a combination of these three factors.”
Federico Pieraccini
If we were to identify what uniquely fuels American imperialism and its aspirations for global hegemony, the role of the US dollar would figure prominently.
Posted in Currency Wars | Tagged: decline of dollar, end of petrodollar, gold-backed yuan, petro-yuan, reserve currency status of dollar | Leave a Comment »
The Almighty dollar against the Great Petro-Yuan Temptation
Posted by seumasach on September 19, 2017
17th September, 2017
Qatar, North Korea, the Baltic Sea, risk of a World War III… and all the military ranting mentioned in the media lately, are issues going hand in hand with the programmed and imminent advent of the catastrophic scenario for the dollar as a unique world reference currency: the Petro-Yuan will be in place at the end of the year. More than a petro-currency, it will be a petro-gas-gold-currency! The West is thus preparing to switch to total anachronism with this founding act of the 21st century multipolar world. 2014-2017: here we are, at the end of a three-year exacerbation period of tensions on all front lines (West against the rest of the world) and we are witnessing the up-coming end of the dollar’s reign over the world and over all financial systems and their related economic activities. Sanctions, blockades, proxy-wars, direct military threats… the question is whether the current clash of arms is really a warning sign of an Nth suicide of the West whilst hoping in vain to stop time, or whether the solution conveying power is on the verge of carrying away all possible resistance.
Posted in Currency Wars | Tagged: decline of dollar, dollar collapse, End of empire, gold-backed yuan, petro-yuan | Leave a Comment »
In These New Times 