The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent and WTI as well as the US currency. Continue reading China Launches Petro-Yuan to Challenge Greenback’s Dominance
On March 26, the petrodollar will begin its funeral march to oblivion as the Shanghai International Energy Exchange allows any Chinese and foreign traders to trade oil in local currencies other than the dollar. This is very significant considering that China is the world’s largest oil consumer as of last year. Continue reading Global Reset: China Officially Starts the Dumping of the Petrodollar
Dollar dumping used to be mere rumor 5 years ago, but Tehran, Russia and Beijing are determined to find ways to avoid using the US dollar as a settlement currency in trade, according to a report by Iranian economic daily Financial Tribune. Continue reading Iran & China Seek to Eliminate US dollar from Bilateral Trade
In what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar? Continue reading The European Central Bank Switched to Chinese Yuan for the first time!
In another attempt to shut down the financial war chest of the Nazionist Kazharian Mafia, Putin himself is drafting a bill that would eliminate the use of the fiat dollar within Russia’s sphere of influence. This measure is complementary to the ongoing not so covert currency attack by China against the fiat financial system of the West.
Sanctions and threats of war were being thrown at Iran but it has dealt with them gracefully, and now it has completed its de-dollarization program to free itself from the worthless paper currency to only deal with asset backed payments with other countries.
The global movement away from the dollar continues to gain traction when the Swiss central bank signed a pact with China to trade only in yuan or renminbi.
Still, the mainstream media refuse to cover this significant departure…
Below, is a possible mainstream confirmation of Ben Fulford’s update last week…
The link referred to in the above article led to Japan Times…
Ben’s update for this week is here.
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