LATEST**RUSSIA "DITCHES" U.S.PETRODOLLAR. CHINA QUITS USD Reserve Currency next?


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DE-DOLLARIZATION! RUSSIA “PULLS OUT” of the PETRODOLLAR. Will CHINA also make a move against the USD?
For the first time in almost 2 decades, energy-exporting countries would pull their “petrodollars” out of world markets in 2015.
Because the U.S. was largest producer and consumer of oil in
the world, the world oil market had been priced in U.S.D. since
the end of World War II.
In an effort to prop up the value of the dollar, Richard Nixon
negotiated a deal with Saudi Arabia that in exchange for arms
and protection they would denominate all future oil sales in
U.S. dollars.
Subsequently, the other OPEC countries agreed to similar deals thus ensuring a global demand for U.S. dollars and allowing
the U.S. to export some of its inflation.
However, US is NO LONGER the TOP WORLD PRODUCER. CHINA IS.And CHINA requires ENERGY which it receives from RUSSIA.
Oil Producing nations RUSSIA and BRAZIL are members of the NEW WORLD BANK, BRICS.
After the formation of BRICS on July 16, 2014 and the
DOWNING of MH17 ONE DAY LATER on July 17, 2014
and the SANCTIONS placed on RUSSIA by the West,
including the Falling OIL PRICES (to hurt Russia) RUSSIA has decided to decline its holding of US Dollars in order to repurchase it own currency the Russian Ruble.
“Since RUSSIA is a major ENERGY PRODUCER, PUTIN SAYS RUSSIA SHOULD AIM TO SELL OIL AND GAS
FOR ROUBLES GLOBALLY, AS DOLLAR MONOPOLY IN ENERGY TRADE IS DAMAGING the RUSSIAN ECONOMY.
So, RUSSIA has PULLED OUT of the “PETRO DOLLAR”
Who will follow suit? Will the USD remain as the WORLD RESERVE CURRENCY?
RUSSIA is getting rid of the US dollar in Russian export operations. In fact, CHINA also, has wanted to ditch the US Dollar for quit some time now.
For decades the US has benefited to the tune of trillions of dollars-worth of free credit from the greenback’s role as the default global reserve unit. But as the global economy trembled before the prospect of a US default last month, only averted when Washington reached a deal to raise its debt ceiling, China’s official Xinhua news agency called for a “de-Americanised” world.
CHINA also urged the creation of a “new international
reserve currency to replace the dominant USD”. ” (Infowars,De-Dollarization,)
~~
Links:
1)
DE-DOLLARIZATION: RUSSIA IS ON THE VERGE OF DEALING A MASSIVE BLOW TO THE PETRODOLLAR. Infowars, May 14, 2014

De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar


2) Russian Declaration Of War? Grandmaster Putin Springs Trap! Russia Pulls Out Of Petrodollar, Sends Entire Continent Of Europe Into Energy Crisis! Jan. 14, 2015.
http://allnewspipeline.com/WW3_After_January_15th_Warning.php
3) Russia Just Pulled Itself Out Of The Petrodollar, by Tyler Durden, 1/14/2015.
http://www.zerohedge.com/news/2015-01-14/russia-just-pulled-itself-out-petrodollar
4) Russia Just Pulled Out of the Petrodollar!, Jan. 15, 2015.

Russia Just Pulled Out of the Petrodollar!


5) Music: Youtube Audio Library
“Action Hero” by Jingle Punks
https://www.youtube.com/user/YTFreeAudioLibrary
6) Wikimedia Commons Images, Putin.
File:Barack Obama and Vladmir Putin at G8 summit, 2013.jpg
http://commons.wikimedia.org/wiki/File:Barack_Obama_and_Vladmir_Putin_at_G8_summit,_2013.jpg?uselang=el
7) File:BRICS leaders G20 2013-2.jpg
http://commons.wikimedia.org/wiki/File:BRICS_leaders_G20_2013-2.jpg?uselang=el
http://commons.wikimedia.org/w/index.php?search=putin+and+xi+Jinping+2013&title=Special%3ASearch&go=%CE%9C%CE%B5%CF%84%CE%AC%CE%B2%CE%B1%CF%83%CE%B7&uselang=el
8) Putin with Xi Jinping Wikimedia Commons images
https://www.google.gr/search?q=vladimir+putin+images&biw=1366&bih=600&tbm=isch&tbo=u&source=univ&sa=X&ei=9XG4VOvCHYr8UMDFgYAJ&ved=0CB4QsAQ#tbm=isch&q=vladimir+putinwith+xi+jinping+images
9) Thumbnail image, Wikimedia commons,
Putin and Obama close up.
https://www.google.gr/search?q=vladimir+putin+images&biw=1366&bih=600&tbm=isch&tbo=u&source=univ&sa=X&ei=9XG4VOvCHYr8UMDFgYAJ&ved=0CB4QsAQ


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