Glad to see Bill Engdahl hitting it out of the park AGAIN. OAO - TopicsExpress

Glad to see Bill Engdahl hitting it out of the park AGAIN. OAO Gazprom, the world’s biggest natural-gas producer, plans to issue Chinese Yuan-denominated debt in the coming days. Because of Obama Administration sanction threats, the interest rate for Gazprom debt in dollars is rising dramatically while that of Yuan debt is falling, making it attractive to issue the Yuan debt. But this is a decision that makes more than business sense. It accelerates a trend by Russia, China, Iran and other countries to abandon the US dollar as world central bank and trade reserve currency. P. Escobar

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