Circle March 26th on your calendar!

Why is this date important? Because that is when China (which is the world’s top oil importer) is expected to launch its long-awaited Yuan-denominated oil futures contract. This can be seen as a challenge to the U.S. petrodollar, and anytime this has happened in the past, it has usually resulted in some kind of armed conflict. Do not expect that to happen with China! China is not Iraq, nor Libya, which were destroyed (basically) because they were moving away from the petrodollar, which weakens U.S. hegemony.

China and Russia have both been looking to move away from the petrodollar system for quite some time and have been hoarding vast amounts of gold recently in preparation of this transition. China has already been testing their Yuan-backed oil futures contract trading system and hasn’t had any major issues. China, being the largest importer of oil, surely realizes that they (and all other nations) are helping the U.S. continue their endless wars in the Middle East. Therefore by getting away from using the petrodollar system, this is one way they can hamstring U.S. militaristic endeavors around the world. This is something that other countries, usually on the supply side, have tried to do before and have been destroyed for attempting it. I went into more details in this video awhile back that gives some interesting history on China that you may not be aware of.

What about Russia?

This could be the most disruptive move to date on the petro-dollar. This move also benefits Russia, which aside from being involved in a proxy war in Syria against the U.S., has been accused by the U.S for being responsible for everything from election meddling, to the reason why the American public has had to endure over a decade-long torture campaign of being exposed to the lives of the Kardashians.

Russia has also been stock-piling gold, and despises the U.S. intelligence agencies, which are nothing more than rogue criminal enterprises at this point, and unconstitutional, but you wouldn’t really know it unless you actually did some research about it. It is not common knowledge.

Ultimately, the petrodollar system will come to an end one way or the other. Therefore, March 26th is definitely a date to bear in mind to see if this starts the beginning of the end of this system. It will also be interesting to see how the U.S. will respond. And let's not forget about Putin’s recent statements about how powerful their nuclear arsenal is. I’m sure the timing of the statements had absolutely nothing to do with the fact that they are prepared to dump the petrodollar system, and that they aren’t Iraq!

Image Sources: https://russia-insider.com/en/its-happening-russia-china-dump-us-treasuries-buy-all-gold-they-can-get/ri18875
http://anonymous-news.com/china-moves-on-new-world-order-will-buy-oil-with-gold-backed-currency-bypassing-us-petrodollar/