Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan or Rubles
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Davos:MV8yNTgwNjcwXzQ0OTYwOTAzX0I1QjJFRDk1] I think the crunch point happening a few months ago, it certainly felt like it to me, since then we've had: Hft scandal 'Discovery' of gold manipulation The end of big bank involvement in the silver fix Fed buying 200bn of tresuries through belgium The banker suicides Many many non dollar deals japan is about to pop, world trade falling, the truth about china's shady practices with shadow banking, commodity rehypothication etc its happening now Monster bubbles everywhere, the stock market, housing markets all over the world, the system is completely screwed and it cant be saved. [/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...
link to www.zerohedge.com
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
How MK Ultra Used Subliminals to Control the Minds of America
Congress Declares Martial Law as Dollar Rapidly Collapses
Unbelievable Scam of Cancer Industry Blown Wide Open
Feminists Force Clothing Line To Remove ‘Happy Girls Are The Prettiest’ Shirts Because It’s Offensive
NASA About To Make An’Amazing’ Announcement About Pluto
Researchers Grow ‘Mini Human Brain’ In A Lab
Scientists Finally Prove That Life After Death Exists
Native Americans Now Have Full Legalization of Marijuana On Reservation Lands
Assassinated Author Predicted Rise In School Shootings In 1991 Book
Matt Drudge: Independent News Is About To Be Killed
Biblical City of Sodom Finally Uncovered in Jordan Valley?
Brace Yourself: The Old Farmer's Almanac Is Predicting Another Snowy Winter
Something Strange Is Happening At The North Pole Of The Moon
How did these three inmates beat three Harvard students in a debate?
Underground City Of Giants Discovered In The Grand Canyon
Behold a Pale Gun Confiscation Agenda
Electromagnetic Pulse: One Day We Will Wake Up In An America Without Electricity And Society Will Totally Break Down
Obama Preparing More Executive Actions on Gun Control
Matt Drudge Drops Bombshell Warning in Surprise Interview — “I had a Supreme Court Justice say to me it’s over”
Aliens Exist: Here Is The PROOF
Moon Landing A Hoax? Here’s 10 Reasons Why
Nobel Prize for Physics for discovering the mass of neutrinos
WATCH: Fire ants form life rafts out of their own bodies in order to survive historic flooding in South Carolina.
America's cities will collapse into utter chaos the day the EBT cards stop working
Watch: Peruvian Teen Convulses After Playing Ouija Board App (Video)
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.005s (5 queries)