11 International Agreements That Are Nails In The Coffin Of The Petrodollar

There has been 11 International Agreements that can end the dollar dominance in the world market . Mainstream media in the USA is surprisingly quiet about these agreements .

Link : theeconomiccollapseblog.com...

For decades, most of the nations of the world have used the U.S. dollar to buy oil and to trade with each other.This demand for dollars has kept prices and interest rates low, and it has given the U.S. government an incredible amount of power and leverage around the globe. Right now, U.S. dollars make up more than 60 percent of all foreign currency reserves in the world.

Over the past couple of years there has been a whole bunch of international agreements that have made the U.S. dollar less important in international trade. The mainstream media in the United States has been strangely quiet about all of these agreements

1. China And Russia

China and Russia have decided to start using their own currencies when trading with each other

2. China And Brazil

China and Brazil have agreed a currency swap deal in a bid to safeguard against any global financial crisis and strengthen their trade ties.It will allow their respective central banks to exchange local currencies worth up to 60bn reais or 190bn yuan ($30bn; £19bn).

3. China And Australia

Australia also recently agreed to a huge currency swap deal with China.The central banks of China and Australia signed a A$30 billion ($31.2 billion) currency-swap agreement to ensure the availability of capital between the trading partners

4. China And Japan

Japan and China will promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges

5. India And Japan

India and Japan have agreed to a $15 billion currency swap line .

6. How India And China Are Buying Oil From Iran

Iran and its leading oil buyers, China and India, are finding ways to skirt U.S. and European Union financial sanctions on the Islamic republic by agreeing to trade oil for local currencies and goods including wheat, soybean meal and consumer products.Iran also has sought to trade oil for wheat from Pakistan and Russia.

7. Iran And Russia

Iran and Russia replaced the U.S. dollar with their national currencies in bilateral trade .

8. China And Chile

China and Chile recently signed a new agreement that will dramatically expand trade between the two nations and that is also likely to lead to significant currency swaps between the two countries.

9. China And The United Arab Emirates

In January, Chinese Premier Wen Jiabao visited the United Arab Emirates and signed a $5.5 billion currency swap deal to boost trade and investments between the two countries.

10. China And Africa

A report from Africa’s largest bank,Standard Bank, says “We expect at least $100 billion (about R768 billion) in Sino-African trade – more than the total bilateral trade between China and Africa in 2010 – to be settled in the renminbi by 2015.”

11. Brazil, Russia, India, China And South Africa

A recent agreement between those nations sets the stage for them to increasingly use their own national currencies when trading with each other

reply to post by Octagon


The rest of the world should rejoice, but dark times are ahead for the US citizen if the US government fights or fails to adapt its monetary/spending and fiscal policy to this trend.

In any case, but torpedoing this change to the system, life will not be the same for the citizens living under the Anglo-American establishment...

the petrodollar died the day they killed gaddafi

instead of using him to lure other anti petrodollar renegades out of the wood work

sanctioning irans oil was silly....they should of expected the loyalty of the people buying that oil.

to protect the system, they have to make china and russia complicit.....and show them the system is for their own good...ie protecting their western investments!

if you cant get the supplyer...then disturb his customers....

also give them a benifit for trading in dollars - short term - drop the sanctions...let them have nuclear power, aid them and sniff out the country while helping their nuclear ambitions....and for long term - use the lies rothchilds used on gaddafi....promise them furture investiment /business

The dollar needs to fall. It's time for a global currency for a global society any and all currency that exists today is to susceptible to inflation an fraud. A one world currency is a difficult endeavor but could be the most stable monetary system to ever exists. I fully understand the problems that could arise but I feel the benefits would out way them.