The demise of the dollar- Business Oil’s dollar pricing ‘under review’

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading. In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

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Ref: The Independent

VIDEO: Festa do Rio 2016 reúne cerca de 100 mil pessoas em Copacabana + Chicago/us hegemony confused

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<strong>The poor detached “white” egocentric americans that do not understand why oh why they are not reproduced in every action/relation/situation as the center of the world. Your hegemony is over…</strong>
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