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S W
Member since May 2012
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has posted a comment on the article :

Chinese Leverage to Kill Petro-dollar - Jim Willie CB - Hat Trick Letter

Let's assume that Willie is correct SA will accept payment in RMB for it's Oil.
The USA will not be very happy.
A war with SA is inevitable given the USA's penchant for such things.
Look at their history.
And they are still in Afghanistan after 17 yrs.
What price Oil? $50 a gallon?
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Commented 2663 days ago

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Beginning of the headline :The Chinese Govt is greatly irritated by the requirement to use USDollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media. It will happen, just a matter of time. Its effect will be far reaching and likely devastating... Read More

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