The President of the United States of America, since the days of his campaign, has long since recognized the Chinese threat which intends to subvert American influence around the globe through patience and determination both.
Today President Trump blasted China, for their repeated broken promises to ignore the United Nations Sanctions on North Korea, and continuation of selling their oil to the North Koreans while the rest of the UN is ordered to cut off assistance to the rogue state led by Kim Jong Un.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Caught RED HANDED - very disappointed that China is allowing oil to go into North Korea. There will never be a friendly solution to the North Korea problem if this continues to happen!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/946416486054285314?ref_src=twsrc%5Etfw">December 28, 2017</a></blockquote>
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China continues to defy promises made to President Trump and every other Administration, and that's simply not going to change.
For China, buying time is essential to giving them an edge on continuing to reach their goals.
In fact, China intends to roll out a Petro-Yuan (also called a Petro-Yen) to help destroy the United States Dollar as a world reserve currency.
The world's largest crude oil importer is indeed China. This makes China a powerhouse. Two nations in which export that oil to China? Russia and Iran.
Both of those nations are on considerably rocky terms with America.
The Chinese monolith is one that hovers over the planet, undermining the sovereignty of many nations while continuing to steal the intellectual property rights of American and worldwide companies, then in return copying their customized goods with fake products and clones that they sell for an inexpensive piece of the market share that would be dominated by the American standard of quality.
China is a patient nation, that intends to become a global leader by 2050.
Part of their plan is to destroy the American Dollar.
Some of you will say it's impossible. Those people don't understand economics or currency.
The Petro-Yuan is China's masterful plan.
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Russia and Iran, who export oil to China, are both more than willing to accept the Petro-Yuan as a reserve currency in exchange for their oil in order to destroy the Dollar. This is the plan.
China is strengthening its role in the world order. From its inclusive economic policy through The Belt and Road Initiative, China is challenging US hegemony by replacing the US Petro-Dollar with its own currency in 2018.
What will likely spring from this major turning point?
Venezuela is also on board. It is crucial to remember that Russia is number two and Venezuela is number seven among the world’s Top 10 oil producers.
Beijing already has close economic ties with Moscow, while it is distinctly possible that other producers will join the club.
The world’s largest crude oil importer China is likely to roll out the Petro-Yuan next year predicts Saxo Bank. Beijing’s largest oil supplier Russia would gladly accept the yuan to phase out the Dollar in the trade with China.
Pakistan is also considering replacing the US Dollar with the Chinese Yuan for bilateral trade between Pakistan and China, Pakistan’s Minister for Planning and Development Ahsan Iqbal has publicly said.
Interior Minister Iqbal, who has been central to the planning and implementation of China-Pakistan economic ties, was reported discussing the proposal after unveiling a long-term economic development cooperation plan for the two countries.
This can change. America currently relies heavily on war, and bonds, to keep the United States afloat.
As the US Dollar continues to lose its leading status as the world’s premier reserve currency, the reality of a world war seems inevitable, especially when major countries such as China, Russia, and Iran are making strategic moves to bypass the Dollar in favor of other currencies such as China’s ‘Petro-Yuan’.
China has made the decision to price oil in their own currency the “Yuan” by a new gold-backed futures contract which will change the dynamics of the world’s economy.
China is preparing to launch the Petro-Yuan later in 2018, that will eventually threaten the US Dollar as the world’s reserve currency.
At the end of World War II, the international economic system was in shambles, so a plan was devised to create a new economic system.
By July of 1944, more than 730 delegates arrived at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire and signed on to the historic Bretton Woods agreements which was a plan to set up a system of rules, regulations that eventually led to the creation of the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF).
The IMF’s main purpose was to prevent any temporary imbalances of payments. The framework of the Bretton Woods agreements was to control the value of money between various countries.
Each country had to have an established monetary policy that kept the exchange rate of its own currency within a fixed value in terms of gold. By 1971, the United States terminated the convertibility of the US Dollar to gold (at the time, the fixed rate of gold was at $35 an ounce) ending the Bretton Woods system allowing the US Dollar to become a fiat currency which has allowed central banks (especially the Federal Reserve bank) to “print money out of thin air.”
China’s move will have consequences. For starters, it will certainly undermine Washington’s ability to impose economic sanctions on any nation at will and at the same time, will slowly diminish the purchasing power for United States consumers as imports become more expensive.
China (the largest holder of United States debt), as I stated before, is also the largest importer of oil, while Russia, one of the largest exporters of oil in the world have agreed to use the Petro-Yuan to bypass the Petro-Dollar, for reasons as I've stated; to remove the US power structure from the planet.
The Petro-Yuan threatens the US Dollar’s hegemony around the globe as several nations have recently demonstrated as they all share an interest in joining the transition from the US Dollar to the Yuan for oil transactions including Washington’s arch enemies Iran, Venezuela, and even Indonesia (currently not on Washington’s hit list).
The mainstream media has been reporting scarcely on the latest developments concerning China’s plan to bypass the Dollar and introduce the Petro-Yuan to the international community, in the sense that China has grand ambitions to dethrone the Dollar. It may make a powerful move this year,with most expecting the rollout in early 2018.
The new strategy is to enlist the energy markets to assist China. Beijing may introduce a new way to price oil in coming months, but unlike the contracts based on the US Dollar that currently dominate global markets, this benchmark would use China’s own currency.
If there’s widespread adoption, as the Chinese hope, then that will mark a step toward challenging the greenback’s status as the world’s most powerful currency.
China is the world’s top oil importer, and so Beijing sees it as only logical that its own currency should price the global economy’s most important commodity.
Moving away from the Dollar is a strategic priority for countries like China and Russia. Both aim to ultimately reduce their dependency on the greenback, limiting their exposure to US currency risk and the politics of the American sanctions regime.
Washington is also on a unique collision course for another war with North Korea, and President Donald Trump is seemingly leading the charge.
With the power of the US Dollar on life support, the US Empire of debt continues to use the threat of war and in some cases, wage actual wars, around the world against its enemies.
Iran, Syria, and Venezuela, all of which have been on Washington’s hit list for some time, seemingly are at any moment expecting an attack.
Both Iran and Russia are already slowly transitioning away from the US Dollar to avoid any future economic sanctions imposed by Washington.
Venezuela is also ready and willing to make its move against the US Dollar because of similar constant accusations of its human rights violations being made by the US government against them.
Some outlets have reported on the decision made by the Maduro government to implement a new system of international payments for its oil exports.
Venezuela’s Maduro says that he will shun US Dollar in favor of the Yuan during a session of the National Constituent Assembly at Palacio Federal Legislativo which is in Caracas, Venezuela.
“Venezuela is going to implement a new system of international payments and will create a basket of currencies to free us from the dollar,” Maduro said in an address to a new legislative superbody, without providing details of the new mechanism the nation intended to push towards. “If they pursue us with the Dollar, we’ll use the Russian Ruble, the Yuan, Yen, the Indian rupee, or the Euro,” Maduro said.
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It's also believed that China will attempt to compel Saudi Arabia to trade their oil in Yuan, and that’s going to affect the US Dollar in ways that we couldn't imagine if successful.
This seems potentially unlikely after the Saudi purge, but that's at least what China had hoped for.
Carl Weinberg, a Chief Economist and a Managing Director at High-Frequency Economics has consistently talked about how the US Dollar will lose its global dominance in the near future once Saudi Arabia will be forced to use the Petro-Yuan since China is the world’s top importer of oil.
Weinberg said, “Beijing stands to become the most dominant global player in oil demand since China usurped the US as the biggest oil importer on the planet.”
He continued, “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 said. “I believe that Yuan pricing of oil is coming and as soon as the Saudis move to accept it as the Chinese will compel them to do, then the rest of the oil market will move along with them.”
Some have asked, that since the US Dollar is slowly losing its status as the world’s reserve currency, is a war with China a possibility?
We're definitely on a collision course, but for China, for now, it would be a grave mistake as their military cannot compare with that of America, yet anyways.
Another question is, would the US attack North Korea as a means of sending a warning to China, or would it bring China into the conflict in an attempt to save the US Dollar?
Some suggest this is also possible.
Saddam Hussein wanted to trade in Euro’s instead of the US dollar, for Iraq’s oil exports; and Libya’s Muammar Gaddafi wanted the Gold Dinar to dethrone the US Dollar in the continent of Africa.
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Those decisions made by both Iraq and Libya had consequences that led to their destruction by US and NATO forces.
President Trump has also long since said both Gaddafi and Saddam were a mistake in removing. Instead of securing our war dollar we should be rebuilding America.
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Can the US do the same to China? I highly doubt it, since China has a formidable military that can defend itself against any US attack and at minimal help bankrupt the United States in a war with their nation.
The US could win, but not without great suffering towards the world and the American people in between. I also don't believe President Trump wants such a war; then again, as I've said, it's better to crush China before they can defeat us in the future with a more powerful military.
With the Dollar steadily collapsing at a slow pace, Washington would do anything to survive and keep it afloat at this point, and the Deep State certainly loves war.
The US Dollar supports the Military-Industrial Complex and its both destructive and very expensive adventures around the world.
The launch of the Petro-Yuan will accelerate the process of removing the Dollar's strength.
However, there are some people in the mainstream media that are not convinced that the Petro-Yuan will overthrow the US Dollar in the near future, despite severely damaging it.
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David Fickling, of Bloomberg, said the following:
<blockquote>”Look, for instance, at the most-traded product on the Dalian Commodity Exchange in China, iron ore. While mainland commodity markets have seen febrile activity in recent years, bid-ask spreads are still several times higher than those on major contracts traded in London and New York. That makes trading more costly, volatility higher, and price discovery weaker; and as a major consumer of crude, Beijing ought to be opposed to that sort of change.”</blockquote>
<blockquote>”There are the producers to consider, too. Most of the Middle East’s oil exporters have currencies that are pegged to the greenback. Switching to Yuan pricing would introduce foreign-exchange risk to their budgets for little obvious gain, especially as China generally consumes less than 20 percent of their exports.”</blockquote>
<blockquote>”That doesn’t mean the planned contract is useless. China will benefit from having a benchmark that’s more appropriate for its own purposes, particularly one that reflects the medium sour grades of crude that are chiefly consumed by local refineries, as opposed to the sweet, light varieties that underpin the main Western contracts.”</blockquote>
<blockquote>”Just don’t expect it to change the world. While the economic center of gravity has been moving east, oil’s connections to West Texas and the North Sea will remain strong for years to come”</blockquote>
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James Rickards, who's the author of “Currency Wars: The Making of the Next Global Crisis”, entirely disagreed with Fickling’s analysis:
<blockquote>”Printing Dollars at home means higher inflation in China, higher food prices in Egypt and stock bubbles in Brazil. Printing money means that US debt is devalued so foreign creditors get paid back in cheaper Dollars. The devaluation means higher unemployment in developing economies as their exports become more expensive for Americans. The resulting inflation also means higher prices for inputs needed in developing economies like copper, corn, oil, and wheat. Foreign countries have begun to fight back against U.S.-caused inflation through subsidies, tariffs and capital controls; the currency war is expanding fast.”</blockquote>
<blockquote>”The US Dollar is failing because of Washington’s economic and foreign policies and its collusion with the Wall Street banking cartels, multi-national corporations and the Military-Industrial Complex.”</blockquote>
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Max Keiser of The Keiser Report added his own opinion to the debate, and explained why the world is seeking to move away from the US Dollar:
<blockquote>”Countries worldwide are tired of funding the America’s “military adventurism by being a party to the ‘Empire of Debt,’ as it’s known around the world, as the US Dollar,” and therefore, will likely join the de-dollarization movement. The US financial sector and its military-industrial complex are unlikely to give up the Dollar hegemony without a fight, though, as the Dollar is both the basis and the main product of America. And the US will use its other favorite tool for it, war.”</blockquote>
<blockquote>“Maybe they will start a war between Japan and China, and maybe they will start a war with North Korea. America will do anything to keep the US Dollar as the world’s reserve currency,” Keiser said. “They will invade the countries, like Afghanistan, they will stop at nothing. Because this is the basis of the US empire. It’s not land-based, it’s not based on material goods, it’s based on rent-seeking. It’s based on landing Dollars, getting out income and when countries can’t pay they dismantle the assets and take them over. We saw it in Latin America, South America, this is how America built its empire.”</blockquote>
<blockquote>”Whether you agree or not, a currency war has begun and we are all going to be paying close attention in the coming months and years ahead to see how far Washington will go to maintain the supremacy of the US Dollar. So as China is getting ready to launch the Petro-Yuan, is the US willing to launch a war against North Korea?”</blockquote>
Despite the differing opinions, everyone agrees that the currency war is a reality; and all also agree the United States of America will launch physical wars to protect the Dollar.
It always has. So the threat of China will either be dealt with through North Korea, Iran, or even the sleeping dragon of China themselves.
War is indeed coming, and the United States has a list to choose from; many of which would garnish support from some of our allies if we decided to make war with those nations.
Time will indeed tell, but what it's already told is that China wishes to take down our Dollar in America, and it's plans are already public in doing so.
President Trump is clearly aware of these intentions, and many suggest there are covert plans within the Administration to avoid war entirely and bring forth a new American currency system; that would steadily change the way we view the Dollar.
Only the President of the United States of America knows, but most certainly, following the white rabbit will lead to the potential answer.
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