Russia Breaks Through Crude Oil Price Cap, Officially Breaking the Petrodollar
The West failed to shut Russia out of the oil market. This means the petrodollar is doomed. RT: Russia’s flagship Urals crude breached the $60 price cap set by the…
Burkina Faso Proposes Creation of Joint Bank with Russia
Related: It is Done: Putin Announces Agreement for the Yuan to Become the New Global Reserve Currency The jig is up! We’re building the banks now, Jews! We’re the international…
It is Done: Putin Announces Agreement for the Yuan to Become the New Global Reserve Currency
The other shoe just dropped. Saudi is going to sign onto this, and so is the newly freed Iran. The yuan is now the de facto global reserve currency. Check…
India Buying Russian Oil in Other Currencies is Eroding Dollar Dominance
U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India – Russia’s top outlet for seaborne crude –…
Xi Invites Iran’s President to China to Deepen Ties Between the Two Countries
#Iran‘s president met with Khamenei before his trip to #China today. The three-day trip is Raisi’s first state visit to China and the first state visit by an Iranian president…
India Pays for Russian Oil with Emirati Dirhams Instead of US Dollars
Bye Bye Petro$. Sad, but it has to happen. Other nations should not have to pay the US (skimming off revenue) for the “privilege” of using the US dollar in…
US Dollar Status as Reserve Currency in Jeopardy, Doctor Doom Says
My new @FT oped on gradual de-dollarization: A bipolar currency regime will replace the dollar’s exorbitant privilege. The greenback is bound sooner or later to feel the effects of intensifying…
America Facing Serious Economic Risks as More Countries Move Away from Dollar
Previously: Saudi Arabia Confirms They Will be Trading in Non-US Dollar Currencies! Total End of US Dominance! Paul Craig Roberts! He’s still alive! And he’s still right! RT: The US…
Russia Shifts Half of External Transactions Away from Dollar and Euro
Bank Indonesia calls on importers, exporters to stop payments in US Dollar. China, Japan, Thailand, Malaysia have already agreed to use the mechanism of two-way payments and dedollarasing, with Singapore,…
Ghana Moves Away from the Dollar, Will Pay for Oil With Gold
Ghana is moving towards #Gold standard to de-dollarise its economy Ghana will purchase #oil with Gold Ghana’s government has decided to take step against prevalence of USdollars. It is taking…