Petro-yuan is the newest weapon for the China-Russia-Iran anti-USD alliance

Petro-yuan is the newest weapon for the China-Russia-Iran anti-USD alliance by Jeff J Brown – China Rising

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Both Iran and Russia make Uncle Sam brown the backside of his red-white-and-blue bloomers, as well as for the Zionist state of Israel. I don’t even have to mention Eurangloland’s white knuckle fear of China. The China-Russia-Iran anti-dollar alliance versus the West is causing the latter’s elites to suffer from extreme geopolitical dysentery. Vulnerable and it has to be said gullible Iraq and Libya, yes – this towering trio not so much, as they are two of the world’s biggest petro-exporters next door to the biggest importer and all armed to the teeth with high-tech military hardware. When you look at the map below, it graphically shows how ridiculous it is for these three players to do business in dollars. New York and Washington are so far, far away.

Source article with all the images and hyperlinks: http://chinarising.puntopress.com/201…

After 25 years of dreams, planning, rumors and testing, the Chinese petro-yuan is now official. Right now, almost all global oil trade is conducted in US dollars, using two benchmark varieties of crude, West Texas Intermediate and North Sea Brent, as the industry standards. It is no accident that these two benchmarks are based on imperial crude, American and British, and the irony of this is surely not lost on Baba Beijing (China’s leadership).

China is not selling oil, so the petro-yuan is a futures purchase contract denominated in renminbi for the country to import the stuff. As the world’s biggest importer of hydrocarbons, Baba Beijing has long felt that pricing all its millions of tons of imports should be in its national currency. Why should China pay for Russian natural gas or Venezuelan crude in Western empire’s currency of global financial control, Uncle Sam’s greenback?

Opinions outside China range from being non-plussed, to claiming it is the most important news in modern financial history, but you would have to search far and wide in Eurangloland (NATO, EU, Israel, Australia and New Zealand) and its heavily censored and suppressed media, to see for yourself. Silence from the West’s mainstream media is deafening, as this screenshot below shows, when searching the topic. Only one mainstream article showed up on page #1 of the web search and that was CNBC from 2017. Even just looking for “petro-yuan” gives identical results. It’s a Western media black hole.

Following Along / Continue Reading / China Rising http://chinarising.puntopress.com/201…

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Jeff Brown

Jeff grew up in the heartland of the United States, Oklahoma, much of it on a family farm, and graduated from Oklahoma State University. He went to Brazil while in graduate school at Purdue University, to seek his fortune, which whet his appetite for traveling the globe. This helped inspire him to be a Peace Corps Volunteer in Tunisia in 1980 and he lived and worked in Africa, the Middle East, China and Europe for the next 21 years. All the while, he mastered Portuguese, Arabic, French and Mandarin, while traveling to over 85 countries. He then returned to America for nine years, whereupon he moved back to China in 2010. He lives in China with his wife, where he teaches passionately in an international school. Jeff is a dual national French-American.