The Petrodollar-Saudi Axis Is Why Washington Hates Iran
Kish, since you are wondering, is an Iranian island in the Persian Gulf famed for its tourist and shopping attractions. It is becoming a serious rival to other nearby vacation hubs in Doha and Dubai.
Petrodollar Status Threatened As First Shipment Of Russian Coal Paid In Yuan On Its Way To China
Thus far, the most severe consequence of Russia’s military operation has been the exclusion of Russian banks from the global financial system. But the tide seems to be turning with petrodollar’s status threatened as first shipment of Russian coal paid in Yuan is on its way to China.
China Begins To Erode US Dollar Dominance In Global Trade Agreements
China has also increasingly promoted the global usage of the yuan and expanded foreign investors’ access to its commodity exchanges in order to erode the dominance of the US dollar in global trade agreements. The US dollar is nowhere close to being dethroned as the dominant reserve currency and standard for global trade. But a […]
What If The Dollar Falls?
If the dollar falls, it will be catastrophic for the American people on whose backs 80 years of reserve status were built. It will also subject billions of foreigners, for whom the dollar has meant decades of being bullied, to history’s greatest bait and switch.
Saudi Arabia To Implement Non-Dollar Oil Trade Settlements
The world’s largest supplier of crude oil, Saudi Arabia, is open to negotiating non-dollar oil trade settlements, according to Mohammed Al-Jadaan, the Saudi finance minister, in an interview with Bloomberg TV on Tuesday in Davos.
How General Soleimani Kick-Started The Multipolar World
The consensus among future historians will be inevitable: the 2020s started with a diabolic murder.
A Multipolar Shift With Energy And Dollar Disruptions
In 2021, China imported 79.6 million tons of crude from Russia (1.6 million barrels per day) vs. 87.6 million tons from Saudi Arabia (1.8 million barrels per day). These two producers respectively accounted for 15.5% and 17.1% of China’s total crude import at 513.2 million tons (10.3 million barrels per day), which was near Saudi Arabia’s total 2021 output of 515 million tons. At present demand, China is both Saudi Arabia and Russia’s top energy customer:
Dubai Emerged As New Crypto Power Center, May Anchor Crypto Bailout Fund
UAE has the capacity to become the actual incubator of the post-fiat world with the right diligence and enough capital. Dubai is now emerging as a new crypto power center and may anchor crypto bailout fund.
The End Of World Dollar Hegemony Is Coming
The end of world dollar hegemony is coming, and hardly anyone in government is taking notice or even understanding what this means. Since the Bretton Woods Conference in 1944, the dollar has been the only currency accepted throughout the world for settlement of international trade accounts among nations.
Everybody Wants To Hop On The BRICS Express
The US, in yet another trademark hysteria fit rife with irony, accused Tehran of weaponizing the Russian Armed Forces. For both Tehran and Moscow, the superstar, value-for-money, and terribly efficient drone let loose in the Ukrainian battlefield is a state secret: its deployment prompted a flurry of denials from both sides. Whether these are made in Iran drones, or the design was bought and manufacturing takes place in Russia (the realistic option), is immaterial.