« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars 

By: capt_nemo in POPE IV | Recommend this post (2)
Mon, 02 Apr 18 8:25 AM | 60 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 46361 of 47202
Jump:
Jump to board:
Jump to msg. #

A change in the default crude oil transactional currency - which for decades has been the "Petrodollar", blessing the US with global reserve currency status - would have monumental consequences for capital allocations and trade flows.

http://www.zerohedge.com/news/2018-03-31/china-plans-pay-oil-imports-yuan-instead-dollars




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next