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Shunning US dollar Venezuela lists oil prices in Chinese yuan, page-2

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groundzero

29,310 Posts.

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17/09/17

17:51

Post #: 27274335
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Originally posted by kolubara ↑

Jamaica Observer 17 Septembar
Caracas (A.F.P),Venezuela on Friday began listing oil prices in Chinese Yuan, following President Maduro's announcement last week that "he would rid the economy of US imperialistic system"!
RT, Dropping the dollar: Venezuela lists oil prices in Chinese yuan
In 2012 Iran began to accept yuan for it's oil and gas payments followed by Russian Federation in 2015.
If this takes off, this could literally spell the beginning of the end of US global power.

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"If this takes off, this could literally spell the beginning of the end of US global power."

Yesssss. And I read today that the more sanctions the US puts on China, the more it hurts itself.....

One worry..... if the $US collapses, what will happen to our $Aussie ? Does that collapse too?

GZ
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