China Yuan Crude Oil Market Opens March 26! Will China Destroy the PETRODOLLAR?
China is officially creating their Yuan based crude oil exchange. This is huge news globally but the western media is trying to downplay it. Let’s see how it unfolds.
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Sources Used in This Video:
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China Ends 25-Year Wait as Yuan Oil Futures to Start Trading - Bloomberg
https://www.bloomberg.com/news/articles/2018-02-09/china-ends-25-year-wait-as-yuan-oil-futures-set-to-start-trading
China’s long-heralded crude oil futures contract to start trading March 26 | South China Morning Post
http://www.scmp.com/business/commodities/article/2132765/chinas-long-heralded-crude-oil-futures-contract-start-trading
Harvard, Hawaii Gambled on Market Calm—Then Everything Changed - WSJ
https://www.wsj.com/articles/pensions-and-endowments-gambled-on-market-calm-then-everything-changed-1518626836
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The PetroDollar is balancing on a pinhead. Something has to knock it off?
It's going to be wild to watch how the US will react to losing out on something this important. Won't happen overnight but certainly have an effect.
Is the Petrodollar really being threatened by the Yuan crude exchange? Perhaps not right away but as the years go on?
Mmm, let’s recapitulate.
Saddam Hussein was considering getting away from the petrodollar.
We know what happened to him.
Gaddafi was considering getting away from the petrodollar. We know what happened to him.
Now it’s China. I wonder if the US will be “bringing democracy” to China and have Jinping’s head on a stake before March 26th?
Oh, I forgot, the US only strikes weaker countries.
Good points. This will be interesting, no doubt.