Lindsey Williams: "The most important day in the history from the American dollar, since its release, happened on Thursday, Sept. 6. About that day, something took place that is going to affect your life, your family, your dinner table more than that you think. "
"On Thursday, Sept. 6... just a couple of days ago, China made the official announcement. China said on which day, our banking system will be ready, all of our communication systems are positioned, all of the transfer systems are positioned, and as of that morning, Thursday, Sept. 6, any nation on earth that wishes from this position on, to buy, sell, or maybe trade crude oil, can do using the Chinese currency, not the U . s . dollar. - Interview with Natty Bumpo around the Just Measures Radio network, Sept. 11
This announcement by China is one of the most significant sea changes within the global economic and monetary programs, but was barely reported on due to its announcement taking place during the Democratic convention a couple weeks ago. The ramifications of this new action are vast, and often is the catalyst that brings down the dollar since the global reserve currency, and change the whole landscape of how the world purchases energy.
Ironically, since Sept. 6, the U. S. dollar has fallen from 81. 467 around the index to today's price associated with 79. 73. While analysts will concentrate on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding late the dollar, it is not coincidence how the dollar began to lose strength around the very day of China's statement.
Since China is not an organic and natural oil producing nation, the question most of the people will ask is how will probably the Asian economic power acquire enough oil to affect dollar hegemony? That question was also responded by Lindsey Williams when he talked about a new trade agreement that had been signed on Sept. 7 in 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 hasn't happened in the history associated with crude oil. Since crude essential oil became the motivating force powering our (U. S. ) entire economy, and everything in our lives revolves around crude essential oil. And since crude oil started to be the motivating factor behind our economy... never, ever has raw oil been sold, bought, dealt, in any country in the world, without using the American dollar. "
"Crude oil is the normal currency of the world. Not really the Yen, not the Lb ., not the Dollar. More money is transferred worldwide in crude oil than in a other product. "
"On Fri, Sept. 7, Russia announced, that to date, we will supply China challenging crude oil that they need to have, no matter how much they demand... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar. " -Interview with Natty Bumpo around the Just Measures Radio network, Sept. 11
These duo actions through the two most powerful adversaries from the U. S. economy and empire, have now joined in to manufacture a move to attack the major economic stronghold that keeps America since the most powerful economic superpower. Once the vast majority of world begins to bypass the dollar, and purchase oil in other currencies, then the full weight of our debt and diminished manufacturing structure arrive crashing down on the U . s . people.
This new agreement between Italy and China also has serious ramifications in terms of Iran, and the rest from the Middle East. No longer will probably U. S. sanctions against Iran employ a measurable affect, as the rogue nation may easily choose to sell its essential oil to China, and receive Yuan in return, and use that currency to trade to the necessary resources it needs to be able to sustain its economy and nuclear packages.
The world changed last full week, and there was nary a new word spoken by Wall Street or by politicians who reveled of their own magnificence as this event occurred during the party conventions. A major blow was done on Sept. 6 to the American empire, and also to the power of the Oughout. S. dollar as the earth's reserve currency. And China, together with Russia, are now aiming for being the controllers of energy, and thus, controllers of a new petro-currency.
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