« Israeli planes strike Syrian positions in Hama province - Syrian ArmyHundreds scuffle with police over US THAAD launcher deployment in South Korea (VIDEO, PHOTOS) »

China Moves on New World Order: Will Buy Oil With Gold-Backed Currency—Bypassing US Petrodollar

September 6th, 2017
Categories: News

Link: http://govtslaves.info/china-moves-new-world-order-will-buy-oil-gold-backed-currency-bypassing-us-petrodollar/

China is preparing to denominate crude oil futures contracts in Chinese yuan to be convertible into gold. The move would allow oil exporting countries to bypass benchmarks denominated in U.S. petrodollars. The move by the Chinese will allow oil exporting countries such as Iran and Russia to bypass U.S. sanctions by trading in yuan instead of U.S. dollars.To make the yuan denominated contracts more appealing, China intends to make the yuan fully convertible to gold on the Shanghai and Hong Kong exchanges.

No feedback yet

News Share this page


News

April 2024
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30        

  XML Feeds

multi-blog platform
FAIR USE NOTICE: This site contains copyrighted articles and information about environmental, political, human rights, economic, democratic, scientific, and social justice issues, etc. This news and information is displayed without profit for educational purposes, in accordance with, Title 17 U.S.C. Section 107 of the US Copyright Law. Thepeoplesvoice.org is a non-advocacy internet web site, edited by non-affiliated U.S. citizens. editor
ozlu Sozler GereksizGercek Hava Durumu Firma Rehberi Hava Durumu Firma Rehberi E-okul Veli Firma Rehberi