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Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan or Rubles
Ms Sans Serif
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[quote:Anonymous Coward 59131859:MV8yNTgwNjcwXzQ0OTYwNDQ3X0RFNkI3RkRC] Ya know this county thrived just fine without import/exports. We did just fine holding our own. We didn't rely on china or any other nation for the prosperity of America other than immigration. we didn't start having economic issues until we opened up the global markets buying everything from over seas and sending our jobs overseas. as soon as we did that, the writing was on the wall. Ross Perot was spot on with NAFTA Doom. just like Ron Paul is Spot On with everything else. This country needs a serious ass kicking and hopefully the Stupid sleeping sheeple won't survive or hopefully wake the F UP. The super rich has everyone over a barrel. and for sure they will remain super rich while the shit rolls down hill. What do they care about the little guy or even the underling. Now with the rising global economies on the same level and flying past us there's a new superpower in town and it called super rich economic warfare. Someones getting kicked out of the sand box. Who needs guns and bombs when you can totally annihilated your competition/enemy financially. The Art of War M*ther F*ckers. You know your in denial. Get ready, bend over, here it comes.... [youtube]http://www.youtube.com/watch?v=9gLN3QoN-q8[/youtube] [/quote]
A little over a month ago, when Russia announced the much anticipated "Holy Grail" energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar's stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a US Dollar reserve currency, neither is yet able to provide an alternative. This changed rather dramatically overnight when in a little noticed statement, Gazprom's CFO Andrey Kruglov uttered the magic words (via Bloomberg):
GAZPROM READY TO SETTLE CHINA CONTRACTS IN YUAN OR RUBLES: CFO
In other words just as the US may or may not be preparing to export crude - a step which would weaken the dollar's reserve status as traditional US oil trading partners will need to find other import customers who pay in non-USD currencies - the world's two other superpowers are preparing to respond. And once the bilateral trade in Rubles or Renminbi is established, the rest of the energy world will piggyback...
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