As I wrote 2 years ago, the days of the Petrodollar, the foundation of US superpower status, are numbered – as announced by Putin´s confidential, Evgeni Fyodorov.
The Process was accelerated by the BRICS and the China´s AIIB Bank. But most astonishing: Jacob Rothschild is part of the War on the dollar, because he wants a one-world currency. As the Telegraph wrote on 19 July 2014: “The Dollar´s 70 year-old dominance is coming to an end”.
Now Trump is accelerating the process further: Through his sanctions against Russia, China, Iran, and Turkey he enforces these countries to drop the petrodollar.
Dropping the petrodollar was one cause for the US wars on Afghanistan, Iraq, Libya and Syria.
It´s a very dangerous thing to do, with a high risk of war inherent – and exactly what the deep state and the Neocons (John Bolton) want.
Russia Today 24 Aug. 2018 Time has come for Russia to finally ditch US dollar – Foreign Ministry
Russia will definitely respond to Washington’s latest sanctions and, in particular, it is accelerating efforts to abandon the American currency in trade transactions, said Deputy Foreign Minister Sergei Ryabkov.
“The time has come when we need to go from words to actions, and get rid of the dollar as a means of mutual settlements, and look for other alternatives,” he said in an interview with International Affairs magazine.
“Thank God, this is happening, and we will speed up this work,” Ryabkov said, explaining the move would come in addition to other “retaliatory measures” as a response to a growing list of US sanctions. Russian Energy Minister Aleksandr Novak recently noted that a growing number of countries are interested in replacing the dollar as a medium in global oil trades and other transactions.
“There is a common understanding that we need to move towards the use of national currencies in our settlements. There is a need for this, as well as the wish of the parties,” Novak said.
According to the minister, it concerns both Turkey and Iran.
“We are considering an option of payment in national currencies with them. This requires certain adjustments in the financial, economic, and banking sectors” to accomplish. Last week, the Kremlin said it is interested in trading with Ankara using the Russian ruble and the Turkish lira. India has also vowed to pay for Iranian oil in rupees.
The world’s second-largest economy, China, has also been taking steps to challenge the greenback’s dominance with the launch of an oil futures contract backed by Chinese currency, the petro-yuan. China and Iran have already agreed to stop using the dollar in global trade.
This is the begining of the deathh blow not only to the petrodollar – but also the superpower status of the US which is founded on – the petrodollar.
Other countries leaving the petrodollar are: Iran and Venzuela