Jamie Carrasco: The Petrodollar is Now Under Attack & Will Die
April 1, 2018
Trade in Oil dwarfs Gold. Settlement in the Chinese yuan Oil contract can be in yuan or Gold. The gold will come out of London, not China. So even if 10% of the 8 Billion US$ worth per week in the Chinese Oil contract are settled in Gold, it will quickly drain the West of Gold facilities. The Chinese Oil contract has only been open for one week, and settlement occurs quarterly. So the timing is such that settlement occurs now, at the end of March, and next at the end of June. The price of Gold will rise and Western Fiat will quickly devalue. Market forces and greed will accelerate the conversion and wealth transfer. Anyone who knows what's going on will be watching how the deliveries start to place. Only a week worth this time, so not significant in itself, but then the clock will be ticking till the next settlement. Market expectations will take care of the rest.
Western orchestrated false flags should proliferate to distract the sheeple from the real action to come in the financial markets.
At the end of interview he hints why Canada is in a poor position going forward, reliant on trade with the US.
Australia has heavy trade with Asia, so we'll be alright once the dust settles.
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