Dollar no longer primary oil currency as China...

Sat Sep 15, 2012 2:14 pm » by **Harbin**

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

"On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. - Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.

Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today's price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China's announcement.

Since China is not a natural oil producing nation, the question most people will ask is how will the Asian economic power get enough oil to affect dollar hegemony? That question was also answered by Lindsey Williams when he pointed out a new trade agreement that was signed on Sept. 7 between China and Russia, in which the Russian Federation agreed to sell oil to China in any and all amounts they desired.

Lindsey Williams: "This has never happened in the history of crude oil. Since crude oil became the motivating force behind our (U.S.) entire economy, and everything in our lives revolves around crude oil. And since crude oil became the motivating factor behind our economy... never, ever has crude oil been sold, bought, traded, in any country in the world, without using the American dollar."

"Crude oil is the standard currency of the world. Not the Yen, not the Pound, not the Dollar. More money is transferred around the world in crude oil than in any other product."

"On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar." -Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11

These duo actions by the two most powerful adversaries of the U.S. economy and empire, have now joined in to make a move to attack the primary economic stronghold that keeps America as the most powerful economic superpower. Once the majority of the world begins to bypass the dollar, and purchase oil in other currencies, then the full weight of our debt and diminished manufacturing structure will come crashing down on the American people.

This new agreement between Russia and China also has serious ramifications in regards to Iran, and the rest of the Middle East. No longer will U.S. sanctions against Iran have a measurable affect, as the rogue nation can simply choose to sell its oil to China, and receive Yuan in return, and use that currency to trade for the necessary resources it needs to sustain its economy and nuclear programs.

The world changed last week, and there was nary a word spoken by Wall Street or by politicians who reveled in their own magnificence as this event took place during the party conventions. A major blow was done on Sept. 6 to the American empire, and to the power of the U.S. dollar as the world's reserve currency. And China, along with Russia, are now aiming to become the controllers of energy, and thus, controllers of a new petro-currency.

http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan

Sat Sep 15, 2012 3:08 pm » by **Scouser012**

It's a bit strange reading this a day after watching a video called "the run up to ww3" that was posted on here yesterday!

Sat Sep 15, 2012 4:00 pm » by **Toxic32**

Well that's it then for the USA. Looks like the US is in for a rude awakening if countries through out take the Chinese at face value and start using their currency to buy oil. I suppose it must inevitably lead to world war 3.......... :nwo:

Sat Sep 15, 2012 5:54 pm » by **Harbin**

And this issue is buried under a load of trollop...

where are the aliens now ?

Sun Sep 16, 2012 1:16 am » by **Chillitiger**

Nice find Harbin,

Incredible that nothing has been said of this. The US dollar is going to go belly up. Is there any other way?

Mmmmm, I cannot see America sitting back and doing nothing to subvert this however. But just maybe the bird has flown and it is all to late.

In the end it was only a matter of time. Eventually the neighbors grow up bigger than the bully and get there own back!

Sun Sep 16, 2012 1:58 am » by **Webhead**

i have said for years that a communist state would take over the world but now it seems a joint venture between russia and china russia is still a communist state look how it treats its people just like china.

but this would be and is the begining of the end, once they have total domination and trodden most countrys down into the soil then comes the black rain.

its time to act now so it must be ww3 as this would be the only way democracy could win, its too late to win by economic ventures, the oil will soon dry up in all non communist states.

i say act now countrys could ban goods from china to keep there economy down, whilst paying off there massive depts to china , theres not much room to do anything to be honest war is the only i think.

shame but i cant see any other way.

Sun Sep 16, 2012 2:05 am » by **The57ironman**

Webhead wrote: theres not much room to do anything to be honest war is the only i think.

shame but i cant see any other way.

.

.....it's all according to plan.... :mrcool:

(...shut up america , and go back to sleep...) :peep:

.

Sun Sep 16, 2012 4:45 am » by **Chillitiger**

Webhead wrote:i have said for years that a communist state would take over the world but now it seems a joint venture between russia and china russia is still a communist state look how it treats its people just like china.

but this would be and is the begining of the end, once they have total domination and trodden most countrys down into the soil then comes the black rain.

its time to act now so it must be ww3 as this would be the only way democracy could win, its too late to win by economic ventures, the oil will soon dry up in all non communist states.

i say act now countrys could ban goods from china to keep there economy down, whilst paying off there massive depts to china , theres not much room to do anything to be honest war is the only i think.

shame but i cant see any other way.

The whole world now is either capatilistic fuedalism or communist. There aint no "good" countries.

There is certainly no such thing as an honest war. It is all a big game played by players who are "outside of countries"

Don't buy into there BS!

Sun Sep 16, 2012 4:51 am » by **Chillitiger**

And all these things are just shitty names for the same thing. Control and power for the few and bugger all for everyone else.

And things are going "just to plan" for the cabal.

Don't fuel an US versus THEM mentality.

We are all MAN and WOMEN!

And as Einstien said. We cannot solve our problems with the same thinking we used when we created them."

We need to think about the world and our place in it in a different way otherwise we are doomed to repeat the same mistakes over and over again. This isn't the first time we have been on the brink of destroying ourselves. Lets not go over that edge another time!

Sun Sep 16, 2012 5:14 am » by **Harbin**

A slight segway, and wordy, but worth a look and some thought about it...

Upload to Disclose.tv