DeDollarization Using Crypto – Iran Developing National Crypto to Sell Oil

DeDollarization Using Crypto – Iran Developing National Crypto to Sell Oil by Rory – The Daily Coin

Interesting timing.

On the heels of Russia dumping 82%+ of their U.S. treasuries and buying gold with the proceeds. Let’s not forget that Russia has dumped more than 70% of ALL their U.S. treasury (debt) holdings since 2011. Is the reason for the ongoing, never ending “Russia, Russia, Russia” from the corporate media? Russia is an important “customer” when it comes to the U.S. selling debt.

Now we learn that Iran is going to develop a national cryptocurrency to sell their oil. Iran is one of the largest oil producers in the world and is one of just a handful of nations that is not tied to a central bank. “Democracy” bombs are being loaded onto the war planes as these words hit the page.

Iran now represents a two fold threat to the West – de-dollarization using crypto to sell oil and Iran has no Rothschild owned central bank which means their national currency is not a fiat, usury currency sold to the people with interest attached. The only good thing I have learned about muslim law is the fact that interest accounts are outlawed. Interest accounts are the number one control mechanism used against the people in the Western world.

Tehran is seeking ways to bypass looming US sanctions by launching a cryptocurrency that would help the Islamic Republic trade oil without using the dollar.

We are trying to prepare the ground to use a domestic digital currency in the country,” Alireza Daliri, deputy for management and investment at the Directorate for Scientific and Technological Affairs, told Iranian news agency ISNA, as quoted by PressTV.

“This currency would facilitate the transfer of money [to and from] anywhere in the world. Besides, it can help us at the time of sanctions.

US President Donald Trump said the United States will quit the 2015 nuclear agreement with Iran and re-impose sanctions “at the highest level” against the country. The sanctions would limit Iran’s access to the US dollar payment system. Oil, the country’s largest export, is mostly traded in dollars across the globe. Source

What an attack. Attack the central banks, globally, and attack the petrodollar all with one shot. This is probably the reason for the intense ramp up against Iran over the past two weeks. Remember, the NSA, CIA and all the other spy agencies are gathering all digital information from around the world to use as they see fit. If one of these spy agencies actually captured a glimpse of a conversation about a cryptocurrency being developed this would explain why all the renewed noise about Iran. I am not this is what happened, I am saying this is within the realm of possibilities.

Who else has been discussing a national cryptocurrency? Russia. Who just hosted the global symposium for blockchain development? Russia. Who is one of Iran’s strongest and greatest allies? Russia. I just said it – Russia, Russia, Russia. Now I sound like corporate media.

While neither of these countries pose a major threat to the U.S. economically, their combined strength would overwhelm the West. If you add the support of China, the BRICS alliance, EAEU and the other nations aligning with China and Russia it would be difficult to overcome such a defense.

The only question remaining at this point is wether the cryptocurrency will be tied to gold or what type of gold mechanism, if any, will be involved. My guess is that gold will be involved on some level, but, it’s still very early in the game. One things for sure, we will find out in the very near future.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.