China and its partners reset world’s reserve currency system

Ha Ha, empty threat. China and its partners are already developing a Oil Benchmark Backed By Gold Yuan

US threatens to ‘cut China off’ from dollar if it does not uphold sanctions against N. Korea

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The US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea, the US Treasury Secretary has warned. Steven Mnuchin said the restrictions could involve cutting off Beijing’s access to the US financial system.

“North Korea economic warfare works,” Mnuchin said Tuesday at the Delivering Alpha Conference in New York City. “We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us.”

To wit - 

China Reset World’s Reserve Currency System: Oil Benchmark Backed By Gold Yuan

China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold, China sees new world order with oil benchmark backed by gold

Yuan-denominated contract will let exporters circumvent US dollar WELCOME BACK TO THE JUNIUS MALTBY CHANNEL - China Begins To Reset The World’s Reserve Currency System, "The rules of the global oil game may begin to change enormously.