China is officially challenging the dominance of the Petrodollar. With global hegemony in this regard, China sees an excellent opportunity to make big changes. They import more oil than any other country, so why not take advantage of that? That’s their plan and they’re about to implement that beginning in 2018.
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Exclusive: China taking first steps to pay for oil in yuan this year - sources
https://www.reuters.com/article/us-china-oil-yuan-exclusive/exclusive-china-taking-first-steps-to-pay-for-oil-in-yuan-this-year-sources-idUSKBN1H51FA
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China is engaging in the most aggressive attempts to undermine the hegemony of the Petrodollar.
Do you think China's effort here will ultimately result in a major change?
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Keep your eye on congress bill 5405 to reintroduce the gold standard. It's news worthy if nothing else:
https://steemit.com/gold/@unclehermit/us-to-introduce-new-dollar-gold-standard-bill-hr5404
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Hello, I really like your videos and especially how you annotate over the charts. Can you please share with me what Browser plugin you are using to do these annotations? Many thanks.
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Great video 👏👍
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