Soon There Will Be A Dollar Collapse Gazprom Starts Taking Repayment For Oil In Both Russian Rubles and Chinese Yuan

By: Dominick Giammarino
https://globalcurrencyreset.net/dollar-collapse-coming-soon/

January 23, 2015

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Ready for the dollar collapse?  You better be.  Watch this video.  Numerous months back, when Russia revealed [2] the much prepared for “Holy Grail” energy manage China, some were let down that in spite of this representational arrangement indicated to break the petrodollar’s stranglehold on the remainder of the world, neither Russia neither China revealed repayment terms to be in anything but dollars. In doing so they admitted that while both countries are excited to relocate away from a United States Dollar reserve currency, neither is yet able to give an alternative.  The global currency reset [2a] is also going to happen soon, so we need to be prepared for both situations.

This transformed in late June [3] when very first Gazprom’s CFO announced the gas giant was prepared to resolve China contracts in Yuan or Rubles, and at the exact same time the People’s Bank of China announced that its Assistant Governor Jin Qi and Russian reserve bank Deputy Chairman Dmitry Skobelkin held a meeting in which they discussed working together on job and also profession financing utilizing regional currencies. The conference went over cooperation in banking card, insurance coverage as well as financial direction industries.

But, while both sides proclaimed their functional readiness and also eagerness to bypass the buck totally, such plans remained solely in the field of monetary foreplay and the lengthy waited for first shot across the Petrodollar bow was missing.  Dollar collapse is not a possibility, it’s a certainty.

Previously.

According to the words of Russia’s RIA Novosti [4], pointing out business day-to-day Kommersant, Gazprom Neft has agreed to export 80,000 heaps of oil from Novoportovskoye field in the Arctic; it will approve repayment in rubles, as well as will also supply oil through the Eastern Siberia-Pacific Ocean pipe (ESPO), accepting repayment in Chinese yuan for the transfers. Meaning Russia will export electricity to either Europe or China, and also get payment in either Rubles or Yuan, essentially making both currencies equal as far as the Eurasian axis is conerned, yet the majority of notably, negotiate entirely away from the US dollar thus, lastly putin'(sic) at work the technique for a Petrodollar-free globe.  We will have a dollar collapse, don’t deny it.

Dollar Collapse

Dollar Collapse Nail In The Coffin

More on this long waited for first nail in the petrodollar casket from RIA [4]:

The Russian federal government and also several of the nation’s biggest merchants have commonly reviewed the possibility of approving payments in rubles for oil exports. Last week, Russia started to ship oil from the Novoportovskoye industry to Europe by sea. 2 oil vessels are expected to arrive in Europe in September.

The information on Kommersant, was that the repayment for these deliveries will certainly be gotten in rubles.

Gazprom Neft will not simply approve payments in rubles; subsequent transfers through the ESPO could be spent for in yuan, the newspaper stated.

According to the paper, the adjustment in currency was made due to the Western penalties versus Russia.

As a protective step, Russia determined to stay clear of making its payments in US bucks, which could be tracked as well as managed by the United States federal government, Kommersant reported.

“Protective action” definition that it was the US which managed to Plaxico itself by pressing Russia to transact far from the US Dollar, while doing so revealing the globe it can be done, and also pounding the first nail in the petrodollar’s casket.

This is not unexpected to anyone which has actually been following our forecast of the following actions in the transition from the Petrodollar to the Gas-O-Yuan. Recall from April: [5]
The New New Normal circulation of funds:.

Gazprom supplying gas to China.
China Gazprom paying in Yuan (convertible into Rubles).
Gazprom funding itself increasingly in Yuan.
Russia purchasing Chinese items and solutions in Yuan (convertible into Rubles).

As well as all of this with the US lender cartel entirely disintermediated politeness of the glaring absence of the USD in any of the above detailed steps, or as some might call it: from the Petrodollar to the Gas-o-yuan (something 40 reserve banks have actually already identified [6] … just not the Fed).

Still confused? Then review “90 % Of Gazprom Clients Have “De-Dollarized”, Will Transact In Euro & Renminbi [7] for just exactly how Gazprom established the phase for the day it finally would press the button to bypass the dollar completely. Which it just did.

Final Thoughts on the Coming Dollar Collapse

To conclude we will just claim what we have said formerly [3], and also it discuss exactly what will certainly be the most remarkable element of Obama’s heritage, since while the hypocrite “modern” head of state that even his very own individuals have implicated of being a “brown-faced Clinton [8] after marketing out to Wall Street and also completely trashing US diplomacy abroad, is already the worst president in a century of United States past baseding on public polls, the suitable epitaph will come when the head of state’s plans placed an end to buck hegemony and end the reserve currency standing of the dollar as soon as and for all, thus starting the swift, and unrestrained, collapse of the United States empire. To wit:.

In retrospection it will be extremely suitable that the crowning tradition of Obama’s disastrous power, both locally and also definitely worldwide, will certainly be to require the world’s crucial ascendent superpowers (we definitely do not picture damaged, financially troubled Europe among them) to go down the Petrodollar and also end the reserve standing of the United States currency.

Since this minute, both Russia and China have revealed not on that it could be done, however it isdone. Anticipate every person to leap onboard the brand-new superpower axis train soon sufficient.

US Dollar Collapse 2014 it might happen, but it could be delayed for a few more years.  Know how to prepare for dollar collapse.  The economic collapse will happen.  You should listen to people like Jim Willie, he has some interesting dollar collapse predictions.  Dollar collapse martial law is coming, and unfortunately, I don’t have the dollar collapse timeline.

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2014-08-27/gazprom-begins-accepting-payment-oil-ruble-yuan

[2] Russia announced : http://www.zerohedge.com/news/2014-05-21/russia-and-china-finally-sign-400-billion-holy-grail-gas-deal

[2a] What is the Global Currency Reset: https://globalcurrencyreset.net/global-currency-reset/

[3] changed in late June : http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

[4] RIA Novosti: http://en.ria.ru/business/20140827/192383783/Russias-Gazprom-Neft-to-Sell-Oil-For-Rubles-Yuan.html

[5] Recall from April:: http://www.zerohedge.com/news/2014-04-10/gazprom-prepares-symbolic-bond-issue-chinese-yuan

[6] 40 central banks have already figured out: http://www.zerohedge.com/news/2014-04-08/40-central-banks-are-betting-will-be-next-reserve-currency

[7] 90% Of Gazprom Clients Have “De-Dollarized”, Will Transact In Euro & Renminbi: http://www.zerohedge.com/news/2014-06-07/90-gazprom-clients-have-de-dollarized-will-transact-euro-renminbi

[8] brown-faced Clinton: http://www.zerohedge.com/news/2014-08-24/cornel-west-blasts-obama-brown-faced-clinton-post-traumatic-depression-will-follow

[9] Gazprom Ready To Drop Dollar, Settle China Contracts In Yuan Or Rubles: http://www.prisonplanet.com/gazprom-ready-to-drop-dollar-settle-china-contracts-in-yuan-or-rubles.html

[10] 11 International Agreements That Are Nails In The Coffin Of The Petrodollar: http://www.prisonplanet.com/11-international-agreements-that-are-nails-in-the-coffin-of-the-petrodollar.html

[11] China’s yuan ‘set to usurp US dollar’ as world’s reserve currency: http://www.prisonplanet.com/chinas-yuan-set-to-usurp-us-dollar-as-worlds-reserve-currency.html

[12] US Threatens Russia Over Petrodollar-Busting Deal: http://www.prisonplanet.com/us-threatens-russia-over-petrodollar-busting-deal.html

[13] Yuan begins trading against the rouble: http://www.prisonplanet.com/yuan-begins-trading-against-the-rouble.html

Thanks for checking out this article about the coming dollar collapse