A few months ago, there was big news that both Russia and China had made a historic agreement to by-pass the US Dollar by trading in both rubles and renminbi yuan for gold during oil and refined petroleum transactions. The move was hailed as a look into the future of the world where a Chinese-dominated petro-money would be seen as the preferred alternative to the US petrodollar. The new “petroyuan” as it is being called, will be used by no less than 23 countries and will eventually become the premier monetary unit in the world, replacing the US petrodollar and, ultimately, the US Dollar as the #1 reserve currency.
That said, there is also the Shanghai Cooperation Organization (SCO) to consider as well. This is a huge multi-national organization that has been climbing in membership since the late 1990s and continues to become a worrisome look into the future of a twin colossus to the NATO organization. Its members include China and Russia, but also an array of many Muslim nations across the Middle East who are interested in this cozy relationship for financial and infrastructure stability in a world dominated by the United States’ influence in every nation’s dealings.
Finally, there is the Brazil, Russia, India, China, South Africa (BRICS) organization that is a capable assist mechanism for the upcoming petroyuan system and could very well knock the United States out of its monetized monopoly. Experts are warning that this is a warning shot across the bow of the Federal Reserve and US Treasury, while Bible experts are quoting revelatory scriptures regarding the End Days.
Curiously, there is also a cooler-heads analysis that is being largely ignored and then there’s my take on all this. Turn to the next page to read about the launch of the Chinese petroyuan which will launch in approximately two months, and the intimated results of such a launch!