Iran Accepts Renminbi for Crude Oil !

[youtube=http://www.youtube.com/watch?feature=player_embedded&v=Enm0CBx52g4]

• The coming war against Iran is not about nuclear weapons. Iran does not have any nuclear bombs nor a nuclear weapons program. It is about the Anglo-American western Illuminati’s global monetary hegemony: the USD, petrodollar hegemony. When Saddam Hussein sold oil in other currencies, the west attacked and destroyed Iraq. When Gaddafi proposed selling oil in gold Dinars, they destroyed Libya.
  –
• The global fiat currency hegemony is the source of power of the western Illuminati. Their world reserve currency: USD, is the mechanism by which they exert economic and financial control globally. For the world reserve currency, the USD, to have value it must be in demand. It is the petrodollar hegemony which gives the USD its value. Oil is sold only in USD, upon threat of military invasion by the western Illuminist power. Because all nations need oil, they have to purchase USD to buy oil. This is what gives the USD its value.
  –
  Iran Accepts Renminbi for Crude Oil ! 
  by Henny Sender, http://ft.com/, via www.cnbc.com
  Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of U.S. sanctions aimed at limiting Tehran’s nuclear program.
  –
  Tehran is spending the currency, which is not freely convertible, on goods and services imported from China. Most of the oil that goes from Iran to China is handled by the Unipec trading arm of Sinopec, China’s second-largest oil company, and through another trading company called Zhuhai Zhenrong, the oil industry executives said.
  –
  The trade is worth as much as $20 billion-$30 billion annually according to industry estimates, but a share of it is in barter form. Zhuhai Zhenrong, for example, pays Iran for its oil by providing services such as drilling, these people add.
  –
  “The global financial crisis accelerated the shift from the west to the east,” said the chief executive of one bank in Dubai. “Such measures [as the U.S. sanctions against Iran] will now enhance the acceptability of the renminbi as a transaction currency.”
  –
  The U.S. applied sanctions on Zhuhai Zhenrong earlier this year for allegedly brokering gasoline shipments to Iran—which lacks refining capacity—a charge that the company has denied.
  –
  Washington has also imposed sanctions that force financial institutions to choose between doing business with Iran or with the U.S. and it has spearheaded restrictions on Tehran’s central bank. The sanctions and a diplomatic push have led to a reduction in Iranian oil imports by Japan, South Korea, India and China, which together buy more than 60 percent of Iran’s crude oil exports.
  –
  India, which already settles its oil purchases from Iran in rupees, was again urged on Monday by Hillary Clinton, U.S. secretary of state, to cut its imports further.
  –
  read more!

end