Russia and China
Have announced that Russian Oil Traded with China will now be paid in Yuan, which is instantly convertible to Gold. The immensity of this announcement will be realized over decades, as the USA losses its power and control over the world. Since the early 1970's Oil has backed the value of the US Dollar, as the World had to use US Dollars to Buy and Sell Oil. Effectively this has made the USA the strongest country, and kept the US Dollar very strong.
De-Dollarization Begins
The Worlds Oil producing Nations, now know they can complete Oil Trades in Yuan, which is instantly convertible to Gold. Countries trading Oil with China, will begin the changeover from US Dollars, these include Saudi Arabia, Venezaula, Oman, Iran, Angola and Kuwait, as well as, many others. Whilst Oil is the first commodity that is changing over to trade in Yuan, other Minerals will follow. China and Russia, have been preparing for this for 2 decades, buying huge amounts of Gold, and they are now in the Premier position for leading World Trade during the rest of this Century. The BRICS bank, will challenge the leadership of the World Bank, BRICS countries are , Brazil, Russia, India, China and South Africa.
Iraq and Libya
both tried to circumvent the power of the USA with Saddam and Gaddafi, both at different times announcing they would sell Oil without using US Dollars, of course they where both assassinated and their countries destroyed. China is prepared, and will not loss this economic battle, of course this is rewriting our modern history, as we watch, in real time.
Oil
Is the benchmark of World Power, and now many countries will be trading in Oil, without using US Dollars. The balance of power and influence in the World, has now shifted economically to China, Russia and India, supported by most of the Oil Producing countries of the World.
One Belt One Road
Is an huge network of Roads, Rail and Ports stretching across Asia to Europe and through the Pacific, built by China it will link their trading partners, and provide for Chinese economic expansion. Now along with the switch of Petrodollars to Yuan and Gold, the World has realized that the US Dollar is over valued, and has been selling off rapidly. The roles of various countries in Global Trade are shifting, and the balance of economic power has been taken from the USA by China.
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