The Rise of the PetroYuan And the Coming End of the PetroDollar!

[youtube=http://www.youtube.com/watch?v=P02vjiEZyUs]

• The collapse of the PetroDollar means the end of the western Illuminati’s global currency hegemony! This the source of their Mammon power. With it they create money out of thin air to buy up the world, finance wars, destabilize nations, foment racial conflicts, manipulate prices, cause famine … etc. Will they give this up to the Chinese and Russian Illuminati without a fight? I don’t think so! WW3 is being setup to take down China (and Russia).
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• The conflicts planned and being rehearsed are:
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  China vs Japan over the DiaoYu/Senkaku islands
  China vs Philippines over the South China sea, Spratly islands
  China and Pakistan vs India over territorial disputes
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  and these wars are apart from the Greater Middle East war!
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• Rise of the PetroYuan! 
  by Dan Collins, http://www.financialsense.com/ 
  How the Chinese currency is replacing the U.S. Dollar in global oil markets! 
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  History is being written in the East. As the U.S. stays distracted with stone age warriors in Central Asia and the Middle East, the last platform of the American economic foundation, the U.S. Dollar’s currency reserve status, is being underminded by their trade partners in Asia. Both Australia and Japan are set to start direct-trading in Chinese currency and they are not the only ones. There are almost 20 countries whom have currency swaps in place with China all in order to side-step the U.S. Dollar in global trade. At the China Money Report, we have written extensively on the “Rise of the Renminbi”. What is new and largely unreported and what we will cover in this article is the “Rise of the Petroyuan,” as China is now converting its oil imports into Chinese Yuan as opposed to U.S. Dollars. This will be a new challenge and possibly the fatal blow to the U.S. Dollar as the dominant global reserve currency.
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  With their industrial base all but gone, the housing market bubble popped, and the Federal Resereve funding the majority of the government debt with printed currency, the American economy can ill-afford a new challenge to its currency’s reserve status. It is this very reserve status which has led to America being able to consume more than it produces for decades upon decades as foriegn countries were willing to trade consumer products for paper IOU’s. The Dollar’s reserve status came about naturally after WW2 as the U.S. was the world’s larget trading nation, exporter, and creditor. Today, China occuppies all of these slots.
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  China will soon occupy a new slot: That of the world’s largest oil importer. OPEC has confirmed on April 4th of this year that they expect China to surpass the United States as the world’s largest oil importer in 2014. This shift in global oil flows is being driven by the twin pillars of a booming Chinese economy and America’s newfound booming domestic oil and gas supply. This shift in the oil trade carries with it massive geopolitical implications that will reshape the world as we know it.
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  Trading Oil for Yuan
  Recent reports from Reuters, have confirmed that China is now trading their own domestic currency, the Yuan, for oil. Both Russia, and Iran are now using Yuan for oil sales to China. Venezuela is sure to follow. With Russia and Iran accepting Yuan for oil that means there are now almost 1 million barrels per day being exchanged for Yuan instead of USD. Angola can be expected to move oil sales into Chinese Yuan if they haven’t already. Over half of their oil sales are now to China. For Venezuela, the political relationship with the U.S. is well known as fear of the U.S. military might be the only thing stopping them from shifting oil sales into Yuan now. Sudan is another country, highly dependent on China politically and will most likely convert their oil sales into Chinese Yuan.
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  If Russia, Iran, Angola, Sudan, and Venezuela all convert just their oil sales to China into the Chinese Yuan the world will see over 5 million barrels per day traded not in U.S. dollars but in Chinese Yuan. Good night Petro Dollar…Hello Petro Yuan.
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  Geopolitical Shift and Rise of the Petro Yuan
  Does China, as the world’s largest importer of oil then take charge of global sea lanes to ensure the trade in oil? This has been a priority of the U.S. military for the last 50 years. The Pentagon is spending $1.58 trillion annually on hardware for trucks, planes, ships, and guns. In 2013, their cost increase alone was $74 billion. The cost increases this year alone, of $74 billion, is more than Russia’s entire military budget. Can America justify a defense budget of this size to protect sea lines for Saudi crude going to China?
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  What about the so called “King Dollar”? For decades you could trade oil for dollars. This relationship has gone a long way towards making the U.S. dollar the world’s reserve currency. What happens when the U.S. no longer needs to buy imported oil. As time goes on, the oils futures markets will no doubt shift more to Dubai and Dalian, than West Texas and Brent Crude. In decades past, America’s thirst for energy imports resulted in all oil contracts being denominated in U.S. Dollars, the so-called Petro Dollar. The Petro Dollar is now headed for extinction to make way for the Petro Yuan.
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  We are all witnessing the birth pangs of a new global reserve currency and the “Rise of the Petro Yuan”.

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