Monday 22 September 2014

"And petrodollar kiss goodbye ...» ("Examiner", USA) | Comte | Russian Spring | Novorossia

"And petrodollar kiss goodbye ...» ("Examiner", USA) | Comte | Russian Spring | Novorossia

Last week, Russia announced its decision to completely change the rules in the energy sector, it is now allowed to sell oil and natural gas in rubles and yuan, bypassing the dollar and breaking existed 40 years of the petrodollar system. And on August 31, Dr. Jim Willie, during an interview TFMetals Report, said that the gap between the hegemony of the dollar in oil trade, is not limited to Russia, but that the country, which is the basis and the birthplace of the petrodollar, Saudi Arabia, is in the process of negotiation with Eurasian energy giant, about to unite with them in partnership. This partnership will tear off the Arab kingdom of the dollar and open the way for trade in energy, produced in the OPEC countries, for the Dollar, Yuan, and possibly the euro.