{"id":33276,"date":"2018-04-10T06:13:18","date_gmt":"2018-04-10T11:13:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33276"},"modified":"2018-04-10T06:13:18","modified_gmt":"2018-04-10T11:13:18","slug":"petro-yuan-is-the-newest-weapon-for-the-china-russia-iran-anti-usd-alliance","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33276","title":{"rendered":"Petro-yuan is the newest weapon for the China-Russia-Iran anti-USD alliance"},"content":{"rendered":"<div class=\"post-title\">\n<h3 class=\"entry-title\"><a href=\"http:\/\/thesaker.is\/petro-yuan-is-the-newest-weapon-for-the-china-russia-iran-anti-usd-alliance\/\">Petro-yuan is the newest weapon for the China-Russia-Iran anti-USD alliance<\/a><\/h3>\n<\/div>\n<div class=\"post-content\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-35301 size-medium\" src=\"http:\/\/dxczjjuegupb.cloudfront.net\/wp-content\/uploads\/2018\/04\/word-image-7-300x180.jpeg\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" srcset=\"http:\/\/dxczjjuegupb.cloudfront.net\/wp-content\/uploads\/2018\/04\/word-image-7-300x180.jpeg 300w, http:\/\/dxczjjuegupb.cloudfront.net\/wp-content\/uploads\/2018\/04\/word-image-7-768x461.jpeg 768w, http:\/\/dxczjjuegupb.cloudfront.net\/wp-content\/uploads\/2018\/04\/word-image-7.jpeg 1000w\" alt=\"\" width=\"300\" height=\"180\" \/><\/p>\n<p><em>Pictured above, the currency symbols for the old Spanish peseta and the Chinese yuan. Maybe Baba Beijing can synthesize the two of them into a cooling looking petro-yuan logo.<\/em><\/p>\n<p>After 25 years of dreams, planning, rumors and testing, the Chinese petro-yuan is now official. Right now, almost all global oil trade is conducted in US dollars, using two benchmark varieties of crude, West Texas Intermediate and North Sea Brent, as the industry standards. It is no accident that these two benchmarks are based on imperial crude, American and British, and the irony of this is surely not lost on Baba Beijing (China\u2019s leadership).<\/p>\n<p>China is not selling oil, so the petro-yuan is a futures purchase contract denominated in renminbi for the country to import the stuff. As the world\u2019s biggest importer of hydrocarbons, Baba Beijing has long felt that pricing all its millions of tons of imports should be in its national currency. Why should China pay for Russian natural gas or Venezuelan crude in Western empire\u2019s currency of global financial control, Uncle Sam\u2019s greenback?<\/p>\n<p>Opinions outside China range from being non-plussed, to claiming it is the most important news in modern financial history, but you would have to search far and wide in Eurangloland (NATO, EU, Israel, Australia and New Zealand) and its heavily censored and suppressed media, to see for yourself. Outside the obligatory statement of fact in financial outlets like the Wall Street Journal, Financial Times, Reuters and Bloomberg, silence from the West\u2019s mainstream media is deafening, as this screenshot below shows, when searching the topic. Only one mainstream article showed up on page #1 of the web search and that was CNBC <em>from 2017<\/em>. Even just looking for \u201cpetro-yuan\u201d gives identical results. It\u2019s a Western media black hole.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Petro-yuan is the newest weapon for the China-Russia-Iran anti-USD alliance Pictured above, the currency symbols for the old Spanish peseta and the Chinese yuan. Maybe Baba Beijing can synthesize the two of them into a cooling looking petro-yuan logo. After 25 years of dreams, planning, rumors and testing, the Chinese petro-yuan is now official. Right [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[19741,2045,130,441,19739,19740,694,18938,839],"class_list":["post-33276","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-anti-us-alliance","tag-beijing","tag-china","tag-iran","tag-jeff-brown","tag-metro-yuan","tag-russia","tag-the-saker-blog","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33276"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33276\/revisions"}],"predecessor-version":[{"id":33277,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33276\/revisions\/33277"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}