China Petro Yuan About to Launch! Russia Oil Pipelines and Trade Accelerate! Petrodollar Sinking!
China has been partnering with Russia over the years in part due to geographic purposes but also for political reasons as well. The U.S. hegemony has been something that China and Russia have been desperately trying to weaken as time has gone on but it has been a slow process. One major event was the creation of the AIIB. Now the introduction of a Yuan-based crude oil exchange would make a huge impact on global markets.
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Sources Used in This Video:
https://goo.gl/UpprQe
Surging Russian-Chinese Trade Pressures Petrodollar | Gold Goats 'n Guns
https://tomluongo.me/2018/01/12/surging-russian-chinese-trade-pressures-petrodollar/
Russia-China trade volume exceeds expectations, hitting $84bn — RT Business News
https://www.rt.com/business/415692-russia-china-trade-turnover/
Businessweek - Bloomberg
https://www.bloomberg.com/businessweek
Contract
http://www.ine.cn/en/products/oil/standard/index_2.html
power-of-siberia.png (807×394)
How China Will Shake Up the Oil Futures Market - Bloomberg
https://www.bloomberg.com/news/articles/2018-01-01/how-china-will-shake-up-the-oil-futures-market-quicktake-q-a
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Do you think that over the years, this will have an impact of the Petrodollar?
there will be less demand for dollar. Big impact i think
I agree. Not sure how long it will take for it to be adopted on a grand scale but in the longer term...
With what other little projects and political, diplomatic moves they’ve been making for the last five; there are going to be BIG changes in the next less than five for the petrodollar. Anyone shopping on trades/goods exchanges has seen some changes already.
This going to be interesting on a geopolitical level.
Hey David, I follow your other sites. Happy to see you found DTube.
I'll be watching.
Thank you for joining me here! I really like Steemit/dTube