U.S. Dollar replaced as China Oil trading currency with Yuan

September 17, 2012 by · Leave a Comment
Filed under: Currency News 

This is major news.   Lately with U.S. politics in full swing, I have not found too much worthy news for posting.  Now the summer is coming to a close, more interesting information is pouring out.    It has been covered here before about different non-dollar trading blocks being created.  This will be one of the final nails in the Dollar long-term.

The single most important aspect that has allow us to deficit spend over the decades is the fact that we have (had) the world reserve currency and most important was the Oil was traded almost exclusively in the good old greenback.   It looks like that is now changing and it is changing with the most important player in this arena other that Saudia Arabia…. CHINA.

What is so crucial is that China produces goods for basically the entire world on a massive scale.  That means there is DEMAND for Yuan, just like there is demand for Dollars.   People need to pay Chinese suppliers with Yuan and if they can do it without exchanging them for Dollars first, this can significantly decease the demand for the currency and serious strengthen the demand for Dollar.

Another serious thought for any Geo-political guys / gals that read my blog, there are far fewer options for trying to enforce compliance with the Dollar regime that exists in D.C., Langley and New York.  I believe this is China’s non-military way to force our hand to stop this massive spending spree we have undertaken since the crisis of 2007 to current.   Time will tell if China are completely serious and has the resolves to stick to this.  I thought you would find this interesting.  Please post your comments below on this.

Examiner – On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970’s, when Henry Kissinger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: “The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine.”

“On Thursday, Sept. 6… just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar.

This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.

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