revolution will not be televised
of news of the PetroYuan
CAN YOU FUCKING IMAGINE IT?.
Interestingly, not quite 6 months ago this is what the SCMP was loudly proclaiming.
‘Those who foresee in the pipeline a petroyuan to effectively challenge the hegemony of the petrodollar are ignoring the practical realities of the global financial system’
It is the alternative media that speaks the truth. This is from Adam Garrie
This morning, history was made as China began trading Yuan denominated oil futures contracts on the Shanghai International Energy Exchange. According to Liu Shiyu, the Chairman of the China Securities Regulatory Commission (CSRC),
“We have the confidence, determination and ability to build a crude oil futures market with Chinese characteristics, and make due contributions to better protect the legitimate rights and interests of investors, and better serve the high-quality development of the real economy”.
How China Just “Reset” the Global Monetary System With Gold
Russia and China have outlined plans to create a 100 percent gold-backed currency system to replace the US dollar as the world’s dominant currency.
The Central Bank of Russia has been steadily amassing vast gold reserves since 2015 – accumulating 1,828.56 tons by the end of 2017 – making it the fifth largest gold reserve in the world.
Goldtelegraph.com reports: Russia has been aggressively increasing its gold reserves for a reason. It has seen the US dollar dominate as a global currency and is working with China to end the US/Western currency supremacy.
Their strategy appears to be working. Russia and China are in the midst of rumors of introducing gold-backed futures to circumvent the U.S dollar....
Here are some earlier article that are relevant to this dicussion:
I think, in conclusion we can conclude that today’s events are reolutionary – but as we know the ‘revolution will not be televised”