If you only watch CNN or other mainstream media sources, you meet your co-workers at the water cooler everyday and repeat what the talking heads told you to repeat: Trump is a racist and Russia is the Boogeyman!!
My point is, this is a distraction from who the REAL boogeyman is and what that boogeyman is up to.
Let me explain.
On Monday the 26th China will introduce to the world yuan denominated crude contracts convertible to gold.
Who cares Brian, the Russians must be up to something? Well that is true and I'll get to that in a minute, but:
When Nixon took the US off the gold standard in 1971 (because a number of other countries had figured out we had more paper than gold and started converting the paper they held into gold), Henry Kissenger was over in Saudi Arabia making an arrangement with the Saudis to ONLY accept payment for their oil in US dollars (in exchange for weapons and protection - sounds like a mafia). This was great for the dollar and the US, but not so great for everyone else. It meant that everyone else on the planet had to convert their currency to US dollars before they could buy oil.
Everybody played along because there were no other options.
Move forward to 2015 and Christine Lagarde (head of the IMF - International Monetary Fund for those not paying attention) approved the inclusion of the Yuan into the IMF basket of reserve currencies. Not only was the yuan included, but at a weighting of 10.92 percent! Keep in mind, this basket only includes 5 currencies: US dollar, Euro, Yuan, Yen, and the Pound in that order by weight.
This was the international stamp of approval needed to put the Yuan on the map.
You still may still say so what?
Well, China is now the worlds largest importer of crude oil and with Politicalvelcraftreporting:
Five test runs of this new futures contract have been successfulSOURCE ,it clearly looks like Monday's futures trading will accelerate the decline of the US dollar.
Why will this hurt the dollar? The petro dollar is backed by US Treasuries.....paper, which only helps deficit spending. The petro yuan is back by gold. Need I say more?
How does Russia play into this decline of the dollar? The entire world transfers money through something called SWIFT (society for worldwide interbank financial telecommunication). Russia has been quietly working on a system that circumvents the swift system, leaving the US dollar out in the cold once again.
Combine all this with the BRICS, the new Silk Road, agreements between Russia, Iran, Saudi Arabia, and China to settle trade in the yuan bypassing the US dollar as well as jumping ship from the swift system, massive gold purchasing by Russia and China and it's not difficult to see the writing on the wall....unless of course you are caught up in the mainstream media propaganda promoting Russia as the boogeyman....without showing you a shred of evidence.
Keep drinking that Kool-aid!
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