China Moves on New World Order: Will Buy Oil With Gold-Backed Currency—Bypassing US Petrodollar

Beijing, China – In an effort to hedge against U.S. hegemony, and what could be a global game-changer, the world’s top oil importer, China, is preparing to denominate crude oil futures contracts in Chinese yuan to be convertible into gold. The move would allow oil exporting countries to bypass benchmarks denominated in U.S. petrodollars — creating what will […]

Contributer : World Truth.TV http://ift.tt/2vIiGgr
China Moves on New World Order: Will Buy Oil With Gold-Backed Currency—Bypassing US Petrodollar China Moves on New World Order: Will Buy Oil With Gold-Backed Currency—Bypassing US Petrodollar Reviewed by mimisabreena on Tuesday, September 05, 2017 Rating: 5

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