Imminent Demise of the Fiat PetroDollar Global Reserve Currency? Right On Schedule (before April 2014 deadline), with or without the Us Congress approval of the 2010 IMF Code of Reforms, the New Commodity-referenced SDR-based Global Reserve Currency and attendant global Financial Reset about to happen. Just watch as germany and the Nordic EU plank repositions towards the Shanghai Cooperation Organization --- all aboard --- choo choo!!! --- its New World Order time guys. Real pain for TBTF Western banks. While Europe is furiously scrambling to find alternative sources of energy should Gazprom pull the plug on natgas exports to Germany and Europe (the imminent surge in Ukraine gas prices by 40% is probably the best indication of what the outcome would be), Russia is preparing the announcement of the Holy Grail energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis. One which, as some have suggested would lay the groundwork for a new joint, commodity-backed reserve currency that bypasses the dollar, something which Russia implied moments ago when its finance minister Siluanov said that Russia may regain from foreign borrowing this year. Translated: bypass western purchases of Russian debt, funded by Chinese purchases of US Treasurys, and go straight to the source. zerohedge/news/2014-03-21/petrodollar-alert-isolated-west-putin-prepares-announce-holy-grail-gas-deal-china
Posted on: Fri, 21 Mar 2014 14:15:53 +0000
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