COPYRIGHT_MUT: Published on https://muricatoday.com/finance/ by - on 2022-10-12T11:28:29.848Z
China Buy Oil Gold Currency - China To Begin Buying Oil With Gold-Backed Currency, Bypassing US Petrodollar
Beijing, China – In an effort to hedge against U.S. hegemony, and what could be a global game-changer, the world’s top oil importer, China, is preparing to denominate crude oil futures contracts in Chinese yuan to be convertible into gold. The move would allow oil exporting countries to bypass benchmarks denominated in U.S. petrodollars — creating what will almost certainly be the most critical Asian oil benchmark, according to a report by Nikkei Asian Review.
The grand order of things could be undergoing some major overhauls. To put it more bluntly, a war to reset the global financial order is about to be unleashed. Preparations inside Russia are being made in case the ultimate banking sanctions are placed on them, cutting off commerce inside the all-encompassing Worldwide Interbank Financial Telecomm SWIFT system - which runs credit, debt, and banking card transactions across a real-time global network.
A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets - including Bitcoin and other cryptocurrencies - should you fail to report funds when traveling with over $10,000.