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PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour
PetroYuan Futures Open – Over 10 BillIon Notional Trades In First Hour After all the preparation, all the expectation, cheerleading and doomsaying, China’s Yuan-denominated crude oil futures contract began trading tonight and appears to be off a good start with well over 10 billion yuan notional traded within the first hour. So far it has […]
China Is Days Away From Killing the Petrodollar
China Is Days Away From Killing the Petrodollar Not long ago, there was a popular joke in China that went something like, “Who is Xi Jinping?” The answer was, “The husband of Peng Liyuan,” the famous singer Xi is married to. Today, Xi is China’s president. He leads 1.4 billion people. And he’ll likely be […]
Will the Dollar Survive the Rise of the Yuan and the End of the Petrodollar?
Will the Dollar Survive the Rise of the Yuan and the End of the Petrodollar? This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the […]
Petro-Yuan Looms – How China Will Shake Up The Oil Futures Market
Petro-Yuan Looms – How China Will Shake Up The Oil Futures Market The “huge story”,as Graticule’s Adam Levinson called it, will, it appears, be a “wake up call” for the West that seems to happily be ignoring this potential bombshell that is China’s looming launch of domestic oil futures trading. Additionally, Levison warns Washington that […]
Venezuela Will Back Its Cryptocurrency With 5 Billion Barrels Of Oil, Gold Deposits
Venezuela Will Back Its Cryptocurrency With 5 Billion Barrels Of Oil, Gold Deposits Four months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, president Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just days later by the announcement that in […]
Is the Dollar Really a Petrodollar anymore?
Is the Dollar Really a Petrodollar anymore? QUESTION: Mr. Armstrong; I want to thank you so much for shedding light on what can only be deranged forecasts on the dollar and gold and never change regardless of how much money they lose people year after year. I received this email with the headline How Much Longer […]
Saudi Coup Signals War And The New World Order Reset
Saudi Coup Signals War And The New World Order Reset 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 […]
Geopolitical Tsunami: Pax Americana, Petrodollar, & The Coming Crisis In The Gulf
Geopolitical Tsunami: Pax Americana, Petrodollar, & The Coming Crisis In The Gulf It’s easy to get lost in all things Middle East, especially concerning the chaotic events that unfolded over the weekend in Lebanon and Saudi Arabia. Three days after the most stunning purge in recent Saudi history – which was really a countercoup, that […]
The Secret Reason Trump Is So Cozy With Saudi Arabia
The Secret Reason Trump Is So Cozy With Saudi Arabia As a candidate, Donald Trump used uncommonly harsh language to criticize Saudi Arabia—the world’s largest oil exporter. He called the Saudi regime the world’s biggest funder of terrorism. He also said the Saudi government uses “our petro dollars—our very own money—to fund the terrorists that […]
The Petrodollar’s Biggest Challengers
The Petrodollar’s Biggest Challengers Established in the early 1970s, the petrodollar has secured the United States’ influence over the oil trade for over 40 years, but recently, it is clear that this monopoly is slowly beginning to fall apart. Due to the plummeting value of the dollar, the debt from the Vietnam War, and excessive […]
China’s rise, America’s fall
China’s rise, America’s fall Will the rise of China mean the fall of America? In a word, yes. Although decline might be more accurate. Why do I think this? Because China is about to launch the PetroYuan and when it does the demand for dollars and for dollar denominated debt will shrink. When it does, […]
Lies And Distractions Surrounding The Diminishing Petrodollar
Lies And Distractions Surrounding The Diminishing Petrodollar There are a few important rules you have to follow if you want to join the consortium of mainstream economic con-men/analysts. Take special note if you plan on becoming one of these very “special” people: 1) Never discuss the reality that government fiscal statistics are not the true […]
Washington Is Destroying American Power
Washington Is Destroying American Power 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 […]
China Takes Aim At The Petrodollar
China Takes Aim At The Petrodollar China continues to pursue its ambitious plan to make its currency—the yuan—more international. The world’s top crude oil importer and key oil demand growth driver is now determined to get as many oil exporters as possible on board with accepting yuan payments for their oil. China is now trying […]
Challenging the Dollar: China and Russia’s Plan from Petroyuan to Gold
Challenging the Dollar: China and Russia’s Plan from Petroyuan to Gold As seen in my previous article, US military power is on the decline, and the effects are palpable. In a world full of conflicts brought on by Washington, the economic and financial shifts that are occurring are for many countries a long-awaited and welcome development. […]
