There are now TWO reserve currencies as petro-yuan joins petro-dollar

Less than two years ago, Russia and China forged an agreement where they would construct a platform to allow sales of oil and natural gas to be done in both Roubles and Yuan. However, in its early stages this was limited to transactions between both countries and a small number of trade partners. But with today’s confirmation of a fully functional petro-yuan system being implemented by Russia, the world no longer needs to accrue dollar reserves to purchase energy, and the beginning of the end of the petro-dollar is now underway.

There are now TWO reserve currencies as petro-yuan joins petro-dollar

"Ever since Henry Kissinger forged the global petro-dollar agreement with Saudi Arabia and OPEC in 1973, the U.S. currency has remained the singular global reserve for over 40 years. However, on June 9 that sole monetary reign has come to an end as Russian gas giant Gazprom is now officially selling all oil in Chinese Yuan, making the petro-Yuan a joint global reserve, and ending America’s sole control over the world’s reserve currency."

Have Western sanctions driven an increase in the use
of the Chinese currency by Russian companies?

This will definitely accelerate the move away from the FED fiat. Because of the rapid drop in oil prices over the last 18 months OPEC is no longer recycling profits into US Treasuries. The CHIPS settlement system (China) which goes live this Fall will further impact demand for $ reserves. Look for more saber rattling from the NeoCons and proxy wars spreading.

At what point does the US require pensions and 401(k)s to hold a certain amount of Treasuries to take up the global slack?

This could cause the FED to raise interest rates to get more Treasury sales.

a reply to: wasaka

About time. Guess why the main stream rhetoric is ramping up against China and Russia? Libya and Iraq wouldn't play along with the World Banking elite, we saw what happened to them.

Anyone else not in the fold? Oh yah, Iran.

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a reply to: wasaka

western sanctions have forced these countries to find alternative means of buying and selling, securing each others future without the need of the west.
the sanctions don't harm the us.(the conciquencies will tho) but, they harm europe as well as russia.
its almost as if the us has began a war with europe as well as russia. but the europeans can't see it yet.
and now opec is crippling the us oil empire.
do the us realize war is declared on them yet?
time to change forien policies i think.

a reply to: intrptr

As soon as the Western mercenary group called ISIL takes out Assad with US weapons, logistics and air strikes they will move onto Iran. I think Iran will put up a greater fight than Libya did. Tehran is not in my vacation plans.

a reply to: Klipothian

Assad is still firmly in control of his country, his army loyal and dedicated. Tougher nut than they thought…

Iran will be tougher. I'm not sure the west will last that long. What front isn't teetering on a brink? Economic, debt, political, militarily, resources, etc, etc.

The west is finished and all thats left is the crying.

imo

a reply to: Klipothian

Jade Helm might be a war game for an invasion of Iran.
But if that is really being planned, these people are
really quite stupid. Iran would be Vietnam x 100.

originally posted by: intrptr
a reply to: wasaka

About time. Guess why the main stream rhetoric is ramping up against China and Russia? Libya and Iraq wouldn't play along with the World Banking elite, we saw what happened to them.

Anyone else not in the fold? Oh yah, Iran.

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The biggest joke of this debacle is that the West is pressuring Iran for nuclear programs, while with its other hand, it rattles its sabre at Russia with threats of preemptive nuclear strikes while mobilizing warheads to their doorstep.

Ironry much? The epitome of hypocrisy. You can't make this crap up, lmao!

a reply to: wasaka

So now China can buy Russian gas with worthless rubles, but Russia has to buy RMB if it wants Chinese manufactured goods. Hooray. Good going Vladimir Vladimorovitch.

originally posted by: blackcrowe
a reply to: wasaka

western sanctions have forced these countries to find alternative means of buying and selling, securing each others future without the need of the west.
the sanctions don't harm the us.(the conciquencies will tho) but, they harm europe as well as russia.
its almost as if the us has began a war with europe as well as russia. but the europeans can't see it yet.
and now opec is crippling the us oil empire.
do the us realize war is declared on them yet?
time to change forien policies i think.

Oh Europeans see it. Just look at the backlash from different European farmers over the Russian food sanctions. Or from the French over the scuttled Mistral deal.

Many European leaders simply make the decisions anyway, regardless of what their citizens and/or business interests want. So you basically have a situation where the leaders are willing to screw over their own citizens in order to continue the game against Russia.

Reserve Currencies

* - US Dollar
* - Euro
* - Pound Sterling
* - Japanese Yen
* - Swiss Franc
* - Canadian Dollar
* - Chinese Yuan

Petrodollars / Petrocurrency
The bulk of OPEC nations use the US dollar however some use the Euro as well. Any nation that exports oil has their currency labeled a petrocurrency.

In short there are more than 2 reserve currencies and has been for decades now.

originally posted by: trifecta

originally posted by: intrptr
a reply to: wasaka

About time. Guess why the main stream rhetoric is ramping up against China and Russia? Libya and Iraq wouldn't play along with the World Banking elite, we saw what happened to them.

Anyone else not in the fold? Oh yah, Iran.

search result

The biggest joke of this debacle is that the West is pressuring Iran for nuclear programs, while with its other hand, it rattles its sabre at Russia with threats of preemptive nuclear strikes while mobilizing warheads to their doorstep.

Ironry much? The epitome of hypocrisy. You can't make this crap up, lmao!

It's only ironic if you take them at their word. but you know they're liars, right? Either from simply not telling the truth or from intentional lies of omission. Those with nuclear weapons rarely choose to give them up because of the leverage it gives them. But they also don't want others to have them, because they don't want other nations to have the same leverage.

The situation with Iran goes much deeper than people are being told and much of that is over business. Right now, there's basically a cartel of powerful countries that build nuclear reactors. Other countries usually get members of that "cartel" to build & maintain nuclear facilities for them with lucrative contracts. And there are other fields that need certain radioactive isotopes, particularly the medical field. That "cartel" restricts which countries it allows to obtain their nuclear technology and sets conditions on the ones it allows.

If Iran was allowed to fully master these processes, they could undercut this cartel by selling that nuclear technology for cheaper or without any conditions. And remember, we're not talking about nuclear weapons. I haven't looked into this for a while so I apologize if this next part is wrong, but I believe France is the leading supplier in those radioactive isotopes. So not surprisingly, they've been one of the biggest hardliners during the Iran nuclear talks.

a reply to: DJW001yep, agreed there, man
the euro failure from debt is proving there really is only one reserve that everyone buys,the us dollar may go too high because of the euro sell going on now....sell of a lifetime.....

This isn't new or news really. Been going on for a while, and that dang dollar still hasn't collapsed.

Just more doom porn for the West. Just look to history and how Germany rose to power. Their economy was in taters too. In fact the worse the economy the better. Debt? Who is coming to collect? Oh please, please crush our economy. Really what would anybody do if the West went full throttle. With disregard to civilian casualties, and politics anything short of nukes would be a one-sided affair. How is Russia's once reliable rocket game as of late. Oh that's right the last two launches either blew up or lost control and disintegrated all the cargo.

Still hoping for saviors in China and Russia? Keep hoping. You'd need more than them to stop the West. One has antiquated armed forces the other is still playing catchup. We invest too much on that front. Neither country has the tech or know how to put a man on the moon, yet they are supposed to put up some sort of fight against a war machine with global positioning and technological advantage. That magical EMP sounds awesome But at least you can still dream right?

originally posted by: enlightenedservant

originally posted by: trifecta

originally posted by: intrptr
a reply to: wasaka

About time. Guess why the main stream rhetoric is ramping up against China and Russia? Libya and Iraq wouldn't play along with the World Banking elite, we saw what happened to them.

Anyone else not in the fold? Oh yah, Iran.

search result

The biggest joke of this debacle is that the West is pressuring Iran for nuclear programs, while with its other hand, it rattles its sabre at Russia with threats of preemptive nuclear strikes while mobilizing warheads to their doorstep.

Ironry much? The epitome of hypocrisy. You can't make this crap up, lmao!

It's only ironic if you take them at their word. but you know they're liars, right? Either from simply not telling the truth or from intentional lies of omission. Those with nuclear weapons rarely choose to give them up because of the leverage it gives them. But they also don't want others to have them, because they don't want other nations to have the same leverage.

The situation with Iran goes much deeper than people are being told and much of that is over business. Right now, there's basically a cartel of powerful countries that build nuclear reactors. Other countries usually get members of that "cartel" to build & maintain nuclear facilities for them with lucrative contracts. And there are other fields that need certain radioactive isotopes, particularly the medical field. That "cartel" restricts which countries it allows to obtain their nuclear technology and sets conditions on the ones it allows.

If Iran was allowed to fully master these processes, they could undercut this cartel by selling that nuclear technology for cheaper or without any conditions. And remember, we're not talking about nuclear weapons. I haven't looked into this for a while so I apologize if this next part is wrong, but I believe France is the leading supplier in those radioactive isotopes. So not surprisingly, they've been one of the biggest hardliners during the Iran nuclear talks.

I'm aware of the isotope angle. Money is a mountain of motive. The whole foreign crisis with the East hinges on a much larger picture. The rabbit hole actually goes deeper with Iran role.

If you dare to suspend patriotic beliefs, just for a moment, a different portrait, purvey from pallet.

Abatement from the Fed's lien, and their tenebrous entanglements requires a multi faceted approach. How do you cripple any giant? Well, you sweep their feet from under them. In this case, the feet are the wallet.

Forming a new reserve, swaying energy resources (petro and nuclear), and their pundits are measures they have taken to chip away at the Fed's foundation. I think it's apparent, that money has a profound effect on influence. Estranged of influence, the power crucible collapses. This all converges on one major narrative. Liberation of undisclosed technology and information.

All this verbage is innuendo and euphemism, spoke openly in the global theater, to subvert what's truly at stake between the hemispheres. Outright omission, just won't do service to cause, since a nation's collective, perceived sanity, influences results in a chess game of this scope.

Take it with a grain of salt, but the truth is far wilder than fiction.

originally posted by: MrStyx
Just more doom porn for the West. Just look to history and how Germany rose to power. Their economy was in taters too. In fact the worse the economy the better. Debt? Who is coming to collect? Oh please, please crush our economy. Really what would anybody do if the West went full throttle. With disregard to civilian casualties, and politics anything short of nukes would be a one-sided affair. How is Russia's once reliable rocket game as of late. Oh that's right the last two launches either blew up or lost control and disintegrated all the cargo.

Still hoping for saviors in China and Russia? Keep hoping. You'd need more than them to stop the West. One has antiquated armed forces the other is still playing catchup. We invest too much on that front. Neither country has the tech or know how to put a man on the moon, yet they are supposed to put up some sort of fight against a war machine with global positioning and technological advantage. That magical EMP sounds awesome But at least you can still dream right?

I don't think anyone here is banking on our country's defeat. I for one am patriotic to default. My eccentricities point to different regions of ideal. I believe in exercise of dominance and military might, whether through bark or bite. I think complacency and idleness leads to disaster. It begs for subjugation.

On that note, I don't like being lied to. Transparency is pivotal. Nobody likes being the only person in the room who is shuddered from the truth. I care less for the morality and motive, over outright distortion and fabrication.

If you're my kin, and you solicit my support in bashing someone's head in over a strike of pride? Fine, I've got your back to ensure your safety. But don't silvertongue me, and insult my intelligence.

Playing Devil's advocate, your confidence in one conclusion over another, one way or another, reeks of hubris. What simulation do you abstract and divine your evidence from? War with Iraq? War in Afghanistan? Proxy wars?

This is your penchant for appraisal? Show me a contemporary facsimile exercise of war, that resembles more than a skirmish with a punching bag. Even then, show me a nation we had a full scale war with, that proved relatively larger than the state of Texas. What model do we have to work with?

Last time I checked, we lost a half a million Americans to an axis of countries, with humble population census. I don't call that a solid "win". Not with that pricetag.

Do you immutably foresee an unparalleled and sweeping victory against two heavy weights and their allies? They are trend setters and have break throughs comparable to our own technological momentum across the board. Can you really conceive occupation of Russia? Do you have any idea of the total square miles we'd have to cover to secure that territory? Whatcha gonna do, nuke it to high hell? Do you realize the magnitude of global radioactive fallout that would manisfest from such travail?

I believe you need to recalculate the math there, to be modestly speaking.

This video includes a brief description of the Petro-dollar and has a USA Government document that says America supports ISIS and al Qaeda. It's definitely worth the watch. Like 10min.
www.youtube.com...

originally posted by: DonMcKinley47
This video includes a brief description of the Petro-dollar and has a USA Government document that says America supports ISIS and al Qaeda. It's definitely worth the watch. Like 10min.

www.youtube.com...

Not really.. The page is spammed with the same claim to push out comments from users. Half way down the page is a list of "sources".

By the way welcome to the site. We seem to be getting a influx of new members in the last month.