Putin’s Decade-Old Dream Realized as Russia to Price Its Own Oil

This is the beginning of the removal of the U.S. Dollar (and America) from the global system.

In the future, the price of precious metals such as gold and silver will be set by both China and Russia in their own markets, then expand globally as they eventually aim to take the power of setting global standards away from America. The U.S. keeps prices artificially low to mask the true state of its respective economy. Oil seems to be the first step in taking the U.S. Dollar out of how the commodity is priced.

Without the Petrodollar, there is no U.S. Dollar. Without the U.S. Dollar being used globally, there is no America as we know it today. it will become a third world nation.

 

Russian President Vladimir Putin is on the verge of realizing a decade-old dream: Russian oil priced in Russia.

The nation’s largest commodity exchange, whose chairman is Putin ally Igor Sechin, is courting international oil traders to join its emerging futures market. The goal is to increase revenue from Urals crude by disconnecting the price-setting mechanism from the world’s most-used Brent oil benchmark. Another aim is tomove away from quoting petroleum in U.S. dollars. 

If Russia is going to attract international participation in Russian-based pricing, the Kremlin will need to persuade traders it’s not simply trying to push prices up, some energy analysts said. The government is dependent on oil revenue to fund its budgets.

Saudi Arabia chases closer ties with China amid US tension

CNBC is doing their best to downplay and whitewash the threat, however, from the daily headlines one can easily see China along with other nations are undermining the USA’s stability. They’re working on dethroning the Dollar, creating an alternative to the American-led internet, cyber hacking critical infrastructure/financial systems/military networks and so on. America is under full assault and it’s not difficult to see for those who would rather follow the news and not the Kardashians.

Saudi Arabia was already disappointed by the Obama administration’s decision to side with Russia and opt against military strikes on Syria, effectively ending Saudi hopes that the U.S. would turn the tide against the Iran-allied government of Bashar Assad in Damascus.

“The Syrian issue was the straw that broke the camel’s back. The kingdom is concerned that any victory for Assad would boost Iran’s regional influence,” Naser Al-Tamimi, author of “China-Saudi Arabia Relations, 1990-2012: Marriage of Convenience or Strategic Alliance?” explained to CNBC.

Showdown: Iran stockpiling oil by the millions of barrels in tankers

Sanctions, while having somewhat of an impact on the Iranian economy, are not effective enough. History tells us that third world economies have no bottom — especially those with a solid oil revenue foundation and a long list of alternative clientele. They have also stopped trading oil in dollars.

LONDON — Iran, facing Western sanctions and attack threats, has been
quietly storing millions of barrels of crude oil in the Gulf.

Industry sources said the Teheran regime, which oversees production of 3.5 million barrels per day, was preparing for an international embargo on fuel exports to Iran.

Full article: Showdown: Iran stockpiling oil by the millions of barrels in tankers (World Tribune)