The military backed petro-dollar versus the Gold Backed Petro-Yuan.
As the U.S. dollar continues to lose its status as the world’s premiere reserve currency, the reality of a world war seems inevitable, especially when major countries such as China, Russia and Iran are making strategic moves to bypass the U.S. dollar in favor of other currencies such as China’s ‘Petro-Yuan’. As president Trump's recent series of sanctions have halted trade with Iran, The European Union, Russia and China have joined forces to circumvent sanction and process payments for Iran.
America's sanctions have created a great deal of suffering to the people of those countries. It has caused starvation, inflation and ultimatly death. A great example of a country suffering due to US sanctions is Venezuella.
China’s move will have consequences. For starters, it will certainly undermine Washington’s ability to impose economic sanctions on any nation at will and at the same time, will slowly diminish the purchasing power for U.S. consumers as imports become more expensive.
The mainstream-media has not been reporting on the latest developments concerning China’s plan to bypass the dollar and introduce the petro-Yuan to the international community. That is why I choose to post this to inform my community and country.
As stated by Max Keisser
"Countries worldwide are tired of funding the America’s “military adventurism by being a party to the ‘Empire of Debt,’ as it’s known around the world – the US dollar,” and therefore, will likely join the de-dollarization movement, Keiser said. The US financial sector and its military-industrial complex are unlikely to give up the dollar hegemony without a fight, though, as the dollar is both the basis and the main product of America. And the US will use its other favorite tool for it – war." #economics #internationalnews #sanctions #tradewar #war
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