Oil Rich Venezuela Stops Accepting Dollars

Source: The Burning Platform

 

  • President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,”
  • Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil
  • Order comes following calls from Russia and China to find alternatives to current reserve system
  • U.S. Dollar accounts for two-thirds of global trade
  • Venezuela has over ten-times more oil than United States
  • Super powers are gradually turning to gold to avoid using world’s main reserve currency
  • Are we seeing the beginning of the end for the U.S. dollar?

The oil-rich country of Venezuela has stopped accepting the U.S. Dollar as payment for oil.

Last week President Maduro warned that the country would this week ‘free’ itself from the US dollar. Continue reading

Soros sees risk of another world war

Currency wrecker, convicted felon and ‘philanthropist’ George Soros would know because he’s in that network circle.

For a background on George Soros, please see HERE and HERE.

 

Much depends on Chinese economy

WASHINGTON (MarketWatch) — Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war

If China’s efforts to transition to a domestic-demand led economy from an export engine falter, there is a “likelihood” that China’s rulers would foster an external conflict to keep the country together and hold on to power. Continue reading

China May Seize Control Of Entire US Financial System

Today acclaimed money manager Stephen Leeb stunned King World News when he warned “if the Chinese were ready right now to seize power, they could probably take control of our financial system today.”  Leeb also discussed the frightening implications of this for the United States as well as where the US is headed from here.

Leeb:  “I am focused on the chaos in Washington.  We need a situation where the politicians form some sort of cohesive unit that would suggest they are interested in growth and the well-being of the American people, but that doesn’t exist.  Frankly, I’m angry.  I’m an American.  I have kids that are growing up here, and as I said, I’m really, really angry about what is transpiring….

“I see what is happening as the beginning of the end.  I also continue to see what is taking place as a tremendous gift to China.  We are just giving power to China — just handing it over to them.  It’s as if we lost a big poker game to China, or we are in the process of losing. Continue reading