In a bid to completely topple the petrodollar, China is authorizing the use of hydrogen fuel to power its mass transit system. Hydrogen is, of course, a gas derived from water.
continue reading »
Tag Archives: petrodollar
The Golden Trap of Chess Master Vladimir Putin
An article definitely to be spread and read, especially by those who have not well understood the political economic and military strategy of Putin and today’s Russia. (SFP)
Continue reading The Golden Trap of Chess Master Vladimir Putin
How The Petrodollar Quietly Died
Submitted by Tyler Durden on 11/03/2014 23:42
Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company – the end of the system that according to many has framed and facilitated the US Dollar’s reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop.
Continue reading How The Petrodollar Quietly Died