Posts Tagged ‘petrodollar’

Saudi Arabia Will Not Be Renewing 50 Year Petrodollar Agreement With US

Saudi Arabia will not be renewing the 50-year petrodollar agreement with the United States amid concerns among BRICS nations that the U.S. government will continue printing money and devaluing the dollar. Instead, Saudi Arabia will […] The post Saudi Arabia Will Not Be Renewing 50 Year Petrodollar Agreement With US appeared first on The People's […]

Petrodollar be warned: Three Persian Gulf energy powers just joined BRICS

AUG 28, 2023 The BRICS revealed its geopolitical priorities when it added three Persian Gulf states to its once exclusive roster of members. Iran, Saudi Arabia, and the UAE have been strategically included to put an end to the petrodollar. MK Bhadrakumar The leitmotif of the BRICS Summit meeting in Johannesburg on 22-24 August has been, expectedly, […]

The End of The PetroDollar, The Rise of BRICS is Here

BRICS Axis is Gaining Momentum in Challenging US Hegemony. But does it matter for the New World Order Control Agenda? Probably Not… THEMCGWIRE JUL 26, 2023 Soon after Russia’s Invasion of Ukraine, I published a 3 part article series [1,2,3] in March 2022 that predicted the Western response to the crisis would facilitate the rise […]

HUGE! The dusk of petrodollar, the dawn of petroyuan

READ HERE: G7 Investors Should Worry About Gold-Backed Renminbi Eclipsing Dollars   Source

About Time: Europe to ditch petrodollar for Iran deals

Europe to ditch petrodollar for Iran deals The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source claimed. Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of […]

China Is Days Away From Killing the Petrodollar

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Iran bans use of US dollar in trade as petrodollar becomes increasingly irrelevant

Iran moved a step closer to a plan to ditch the dollar in its trade activities by announcing that purchase orders by merchants that are based on the greenback would no longer be allowed to go through import proceedings. Iran’s domestic media reported that the policy was in line with an official request by the […]

China Plans to Break Petrodollar Stranglehold

By Pepe Escobar Beijing to set up oil-futures trading in the yuan which will be fully convertible into gold on the Shanghai and Hong Kong exchanges By Pepe Escobar December 26, 2017 “Information Clearing House” –  Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that […]

Geopolitical Tsunami: Pax Americana, Petrodollar, & The Coming Crisis In The Gulf

It’s easy to get lost in all things Middle East, especially concerning the chaotic events that unfolded over the weekend in Lebanon and Saudi Arabia. Three days after the most stunning purge in recent Saudi history – which was really a countercoup, that led to the arrest of dozen of Saudi Arabian […]

MONEY: Putin’s Revenge May See Petro-Yuan Replace Petrodollar

News that China plans to launch a yuan-denominated oil futures contract by the end of this year has come as a surprise to many analysts. However, Russia experts aren’t startled in the slightest because this move has been coming since Moscow abandoned its quarter-century attempt to integrate with the West, following the 2014 Ukraine crisis. A […]

End of the Petrodollar: China to Compel Saudi Arabia to Trade Oil in Yuan

In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world’s largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,” Weinberg told the media. “I believe that […]

With US Petrodollar Hostage, Saudis Embark On New Courtship Of Russia

After Israel, Saudi Arabia has long been considered to be the United States’ greatest ally in the Middle East, a fact evidenced by long-standing Saudi-U.S. joint policies such as the petrodollar system, weapons deals, and Saudi support for broader U.S. geopolitical goals in the region. However, this foundational relationship of U.S. foreign policy in the […]

The end of the petrodollar? China and Russia’s plan from petroyuan to gold

     As seen in my previous article, US military power is on the decline, and the effects are palpable. In a world full of conflicts brought on by Washington, the economic and financial shifts that are occurring are for many countries a long-awaited and welcome development. If we were to identify what uniquely fuels American […]

The Petrodollar and how it controls us all

The Petrodollar and how it controls us all Redacted Tonight Jimmy Dore On The Corporate State And The Power Of The Petrodollar Lee Camp sits down with Jimmy Dore, political comedian and host of the “Jimmy Dore Show,” to talk the viability of the of the Draft Bernie movement and the fraudulent Democrats. As the […]

As Putin Takes Aim At Petrodollar, Hollywood Takes Aim At Putin

On Tuesday, Russian President Vladimir Putin dealt another blow to the flagging petrodollar system – a crucial component of U.S. economic “superiority” that creates artificial demand for the U.S. dollar by pricing oil and other goods on the international market in that currency. Putin instructed the Russian government to approve legislation that would make the […]

Venezuela Accused Of Drug Peddling After Dropping U.S.’ Petrodollar Trade Scheme

In what is set to be a major blow to the U.S.’ increasingly fragile “petrodollar” system, Venezuela announced on Wednesday that it would no longer accept U.S. dollars as payment for its crude oil exports. According to the Wall Street Journal, Venezuela has begun using euros in lieu of the dollar and will convert existing […]

Venezuela Just Stopped Accepting US Dollars for Oil As Countries Join Forces to Kill US Petrodollar

By Jay Syrmopoulos In what is the latest move to undermine the imperial world order maintained by the United States, which is underpinned through use of the petrodollar as the world reserve currency, the Wall Street Journal reports that Venezuelan President Maduro has officially followed through on his threat to stop accepting US […]

Venezuela Has Officially Abandoned The Petrodollar – Does This Make War With Venezuela More Likely?

Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar.  Most Americans don’t even know what the petrodollar is, but for those of you that do understand what I am talking about, this should send a chill […]

Russia and China Declare All Out War on US Petrodollar — Prepare for Exclusive Trade in Gold

July 16, 2017 By Jay Syrmopoulos The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss subsidiary had begun trading in gold on the Shanghai Gold Exchange. Russian officials have […]

Russia & China Declare All Out War on US Petrodollar — Prepare for Ex

The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss subsidiary had begun trading in gold on the Shanghai Gold Exchange. Russian officials have repeatedly signaled that they plan to […]

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