Petro Yuan Just Launched! U.S. Petrodollar DOOMED as China Attempts To C...

Petro Yuan Just Launched! U.S. Petrodollar DOOMED as China Attempts To Control Oil Market!
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The Money GPS
Published on Mar 25, 2018
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The Money GPS
Pinned by The Money GPS
The Money GPS
4 days ago
It finally launched! They said it wouldn't happen but it did. After many delays and much skepticism, the Yuan based oil futures market has launched.

Will this be a DEATH BLOW to the PETRODOLLAR?

69


Burton Bonham
Burton Bonham
4 days ago
Diversify your wealth. Do not trust the USD

48


Charles H
Charles H
4 days ago
Since everything under the sun is being manipulated, I don't see any changes that will be forthcoming.  Sorry - I see a big nothing burger!

19


joe macdonald
joe macdonald
4 days ago
This won't affect First Nations and other indigenous peoples for all they will do is return to the wilderness and utilize their old ways.

31


Pax Justica
Pax Justica
4 days ago
Watch for major markets and countries buying up Gold. Macro Economics is changing faster than Universities can educate people on the subject. A huge economic shift is underway and 99.9% of the global populous is oblivious.

56


SASBETA SQUADRON
SASBETA SQUADRON
4 days ago (edited)
Is anybody surprised... this has been in the works ever since the BRIICS decided they needed to do this for their own good...
They sold over 23,000 contracts in their first hour of operation...

31


♂TheSilverlover999♂
♂TheSilverlover999♂
4 days ago
This is good gold and silver price will rise. hahahaha

35


FITNESS 24/7 David Urbina
FITNESS 24/7 David Urbina
4 days ago
Gave a like to the video as well

10


Mark Edwards
Mark Edwards
4 days ago
Not comprehensive enough explanation for me.
You completely failed to mention the geo-economic results of having a futures market based on a FIAT currency opposed to a futures market based on a gold backed currency.
This is really significant.
If you are an oil exporter / buyer, prior to today, to sell / buy your oil you had to exchange your own currency for US $. The USA were happy to do this, because they could just print out their money ad infinitum, and sell it for commodity backed currency (in this case oil). The US $ however had absolutely nothing backing its dollars up.
It is in this way, that other countries hold a LOT of US $ that because the US $ is a FIAT currency, the foreign dollar holding can be exchanged for ... well ... nothing !
So, how much US $ do foreign countries hold, waiting to be "cashed in" for tangeable goods?
Currently, around $ 21 Trillion.
$ 21,000,000,000,000,000.00
It then becomes clear what happens when an alternative oil exchange currency is launched that is 100% backed with gold.
The Emporer has no clothes !!!
So which currency would you prefer to trade in? A piece of paper that is simply an empty IOU note? Or a currency backed by real gold?
This is the real significance of the Petro Yuan.
And whereas beforehand, nations that rejected the US $ were simply "taken out of commission" by the US military, it is not such an easy prospect when that country is China - backed up by Russia.
No wonder Trump has his tongue so far up the Saudis eh?
Please, please, please continue selling oil in US$ my lovely, friendly, wonderful Saudi princes !
Look, we will give you the latest military equipment to crush your enemies.
We love you and your culture.
But after today, nobody needs the US$. The US cannot threaten countries with sanctions and oil embargoes.
But worse for the US than that, is when, because they no longer need it, other debtor nations ask US to make good on their debts.
Can I trade my US$ in please , I want to buy Yuan now ?
What happens next is quite simply terrifying. Because just like Germany in the years between the wars. The country has only one choice when faced with debts it cannot pay.
Hello John Bolton !

28


Tyler H
Tyler H
4 days ago
I feel like a kid watching a destruction derby but instead of cars it is global markets and instead of people in the cars it is millions of people’s livelihoods... lmao who didn’t think this would happen??

33


richard wharton
richard wharton
4 days ago
To early to tell. Buy the rumour, sell the fact.

18


Real Talk
Real Talk
4 days ago
All the dollars are about to come home. That's when it'll hit.

32


Matt Senkow
Matt Senkow
4 days ago
BRICS (Brazil Russia India China & South Africa ) meeting back in 2009 calling for a new world reserve currency.

Start with pegging to oil.

Uh-oh

27


David C.
David C.
4 days ago
Brace yourselves

19


Debra Temple
Debra Temple
4 days ago
That's fine.. God has other things in store for Israel and America... 💜💛💚💙❤💜💛💚💙❤

8


T Cole
T Cole
4 days ago
We can thank Obama, Clinton, and many past globalist for this decay of the United States

19


chefsmade
chefsmade
4 days ago
I have met many Chinese businessmen who are very serious about what they do and do not like Americans. I think they are
scared of President Trump and work with him because he is a no nonsense business man. The Chinese never waste time they
always do what they say they are going to do.

15


Tyler H
Tyler H
4 days ago
And honestly... good for China...

14


Mark AD
Mark AD
4 days ago
may the rotten states of america fall and never rise

20


Brian bla
Brian bla
4 days ago
The answer to your question.....i believe the British pound was the reserve currency before the USD.  Remember when we left the gold standard and trash was in the streets of London and the English lost 14% of their buying power from their bank accounts overnight?

12


Jermaine H
Jermaine H
4 days ago
The Simpsons predicted that the yuan will be the next world reserve currency

12


420kushmaster
420kushmaster
4 days ago
600 million screaming chinese

9


SHIRYON
SHIRYON
3 days ago
As Gerald Celente says, "The business of America is war. The business of China is business."

9


Edjou Vladimirovich
Edjou Vladimirovich
4 days ago
Mon/Mar 26/2018: Old King PetroDollar is dead! Long live the new King PetroYuan! His crown and throne is backed by "gold" and rules over international "oil" contracts. The 20th Century belonged to King PetroDollar but the 21st Century belongs to King PetroYuan!

7


StinkyTofu
StinkyTofu
4 days ago
And with Russia starting their own alternative to the SWIFT system, the U.S. deserves to be displaced by other non war mongering countries.

17


gary baker
gary baker
4 days ago
Waiting patiently for the United snakes of Satan to loose its hegemony and world currency status... hoping many more nations will abandon  uncle sam..... I wish my corrupt government would dump the dollar asap as our greatest trading partner is China

11


Kayzef2003
Kayzef2003
4 days ago
USA is going to end up with a ridiculously high debt (mostly to China), a weakened currency and Trillions of Military hardware.
All those Billions spent fighting wars abroad. SMH.

10


SASBETA SQUADRON
SASBETA SQUADRON
3 days ago
UPDATE: Shanghai Yuan Denominated Oil Contracts: Some of the first buyers: Glencore, Trafigura and Freeport. The Shanghai desk actually outpaced Brent Crude transactions in London. The Chinese government is encouraging PetroChina and Sinopec to exclusively use the Shanghai exchange... Gazprom Neft (Russia) has been in favour of this exchange since 2015.
All of this will probably put pressure on the Saudis to trade in Yuan too...
#somebodytooktheyankeepie

3


Livinthedream
Livinthedream
4 days ago
why all the frenzy; China are soon to be a superpower, of course they should launch their own oil futures market; they will compete against others in the years and decades to come...makes business sense

6


Jaka Kosmac
Jaka Kosmac
4 days ago
The amount of problems the usa is having in the last decade is unbelivable. This one could be a big one. No more printing money whenever u want, how that worked for so long is a crime anyway.

9


Mike Little
Mike Little
4 days ago
The Yuan was added to the list of global reserve currencies.

7


Dierk Milum
Dierk Milum
4 days ago (edited)
I can tell you right now that the ordinary person on the street could not give a shit less where the oil comes from or who prices it. Even more could give a shit less about the petrodollar and most don’t even know what it is. They are merely trying to work to put bread on the table or drugs in their veins whatever suits their nature.

5


THRIFTLET kenny
THRIFTLET kenny
3 days ago
I don't see any changes that will be forthcoming. Sorry they must continue to accept the unbacked printed out of thin air USD .We go down, they gonna go down too.

4


Cody Meshigaud
Cody Meshigaud
4 days ago (edited)
I was just about to sell my silver in the morning  😰🙈🙈🙈

4


david thomas
david thomas
4 days ago
america can build roads and railways around the world if they want to, there is nothing to stop them in fact they would be very welcome to do it

4


Gogo2
Gogo2
4 days ago
A nail in the coffin for the United SNAKES of America!

3


Rachel Ahmed
Rachel Ahmed
4 days ago (edited)
All of our enemies are joining together against us. It all started with russia when they stated getting sanctioned by obama over crimea. He started getting together with NK and China, Iran and so on so that they could be independent of us. Smart move! But bad for us. If nothing else starts  WW this surely will,  and even then we will lose with 2 super powers against us. You can bet your arses this is the beginning of the fall of America.

3


Matt Gaddes
Matt Gaddes
4 days ago
Here we are...what are you doing to prepare?

3


Bruno White
Bruno White
4 days ago
People will rely on the currency  that has a good financial history and they can trust.  Will let the people decide what sticks., for now the show will continue until further notice.

3


Joe Irungu
Joe Irungu
4 days ago
The petroyuan is a game changer but its effect wont be felt immediately but down the road the impact will be massive.Is it true that these oil futures contracts can be settled in gold in the Shanghai Gold Exchange?The Chinese havent explicitly indicated the gold settlement as yet but if this becomes possible then gold/silver will race for the stars.

The yuan like the dollar is also a mismanaged currency with ludicrous printing of the renmimbi fostering grotesque bubbles in China in stocks,real estate.For the yuan to be truly be taken seriously this monetary irresponsibility but be curtailed but at least Beijing recognizes the monetary value of hard money ie gold/silver and are stockpiling gold in hoards preparing for the reset.

3


Rolf Eliason
Rolf Eliason
4 days ago
The trickle in the dyke has started.

5


onceANexile
onceANexile
4 days ago
this guy is pretty good, and easy to listen to. KEEP ON TRUCKING!

3


Branky Ma
Branky Ma
4 days ago (edited)
Bracing for something..... the market is NOT reflecting to this news at all! No reaction at all! It’s boosting and clearly manipulated......glad you are still with us.

2


Jesse B
Jesse B
4 days ago
As the market opens 400 points up in one hour...

2


TJ W
TJ W
4 days ago
Dow futures up 300! What black Monday?

2


CDGBH CDGBH
CDGBH CDGBH
3 days ago
SHTF is here, its been on its way for a very long time

1


Peter Oitzinger
Peter Oitzinger
4 days ago
Anything that makes the US of A think very hard about continuing to print Money out of thin air is very good. Stop the printing and bring on the recession.

2


A Thought Crime
A Thought Crime
4 days ago
Collapse everything. Collapse the dollar, collapse the economy, and let's have Mad Max in real life. No fear, steady as she goes, full bore and into the abyss.

2


jabbar jD1415
jabbar jD1415
4 days ago
Once our president makes one announcement; all nations will be judged by the DOLLAR.

By the way, the signing of executive order #001 allowed for 200+ years of gas and oil along with 1 TRILLION OUNCES of GOLD was found in ALASKA.

We shall be an energy export nation!!!!

2


david thomas
david thomas
4 days ago
america had dollars before cars were invented

2


Erwin Schmidt
Erwin Schmidt
4 days ago
David - Well........this is a crude video!!!!!!!

3


Robert Vann
Robert Vann
4 days ago
Just like I thought. The biggest financial news of the day and Market Watch has hidden the news. The Market is based on nothing but lies. Can anybody say timber?

2


Rahul Dsouza
Rahul Dsouza
4 days ago (edited)
This is surely going to be the catalyst for the 3 world war. Watch out folks.America will not give up being the dominate world power so easily.

2


Tjay WASHINGTON
Tjay WASHINGTON
4 days ago (edited)
What is a Yuan? never heard of it, unveil away, please!   Thank's!
Good Lord, this is real high finance, the "futures" markets opened up after a long wait, I guess allowing more bartering and price leveraging by buying massive amounts through the newly permitted Shanhi Stock exchange, there, I think I got it, yep!
What is reserve currency?  Ok, I still have a lot to learn about currency swaps, wtf? #popcorn

1


John Jones
John Jones
4 days ago
World War 3......

4


wayne mcclory
wayne mcclory
3 days ago
I’m Buying mining,GSS  ! $$$$  great management, under a dollar. All mines in the gold ,silver now !

1


KondorDCS
KondorDCS
4 days ago
Don't worry, Iran will soon be 'liberated' from their 'crazy' idea of shrugging of the leech of leeches, aka the US Dollar.
John Bolton has just been chosen for Trump's new natsec advisor.

2


CJ C
CJ C
3 days ago
Look at how much US Dollar to Chinese Yuan plunged today

1


Brooks Anderson
Brooks Anderson
1 day ago
Take a look at the Dow Jones, spot gold price, Minimal movement or less than 1%. Most DJ movement caused by Face Book's and Amazon's woes NOT Petro Yuan. Spot gold price actually DROPPED March 27 through 29, 2018 after the Petro Yaun came on the market.

1


Mystery Buyer
Mystery Buyer
4 days ago
I am celebrating the petro yuan. End the oppression of the dollar!

4


Ken Rose
Ken Rose
4 days ago
Oil for gold-backed money. Finally some honesty and integrity in the world's money markets. Good buy uncle scam.