Tag Archives: oil futures market

Global Reset: China Officially Starts the Dumping of the Petrodollar

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