Russia and China will kneecap petrodollar in 2018 says Saxo...

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    Russia and China will kneecap petrodollar in 2018 says Saxo Bank. 23 Dec 2017
    "
    China, meanwhile, has already become far and away the world's largest crude oil importer and many key exporters - led by Iran and Russia - are more than happy to transact in yuan terms,"
    https://www.sott.net/article/372218-Russia-and-China-will-kneecap-petrodollar-in-2018-says-Saxo-Bank
    China Aims to Dethrone the Dollar. OCTOBER 25, 2017
    the Nikkei Asian Review reported on a move by China that could take a first step toward dethroning the US dollar.”
    According to earlier reports, the yuan-backed oil contracts will be fully convertible to the yellow metal. The stability of gold is the key to China’s drive to dethrone the petrodollar.”
    https://schiffgold.com/key-gold-news/china-aims-dethrone-dollar/

    "Buy The Hell Out Of Gold, The Gold-Based Monetary System Is On Its Way” January 21, 2018
    The latest word is that China will begin trading a yuan-based oil contract soon after the lunar New Year, some time in late February. The trading will take place in the same Shanghai free trade zone where China allows gold to trade. China knows time is getting short. The gold-based monetary system is on its way.”
    It all raises the chance that gold’s explosive take-off could come this year.”
    https://kingworldnews.com/buy-the-hell-out-of-gold-the-gold-based-monetary-system-is-on-its-way/
    Kind regards,
 
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