PetroYuan Continues to Chip Away at Petrodollar Supremacy.
- 6 yıl önce
In this report I cover the early market action from London on Monday, July 16th, 2018. I look briefly at the precious metals, the stock market and the dollar.
I also do an update on the battle for supremacy between the petrodollar and the petroyuan. According to an article from zerohedge, the process of "de-dollarization" continues as the trade war between the U.S. and China could now force China to import oil from Iran and West Africa instead of the U.S.
I note that I have spoken several times on this subject of the petrodollar and conclude that more and more countries will start buying oil for yuan instead of dollars as the mechanism for doing so has been in place via the International Energy Exchange in Shanghai since March this year.
To conclude my report I look at a new crypto currency exchange called Chaince that focuses on the EOS blockchain projects.
Chaince:
▶️ DTube ▶️ IPFS
I also do an update on the battle for supremacy between the petrodollar and the petroyuan. According to an article from zerohedge, the process of "de-dollarization" continues as the trade war between the U.S. and China could now force China to import oil from Iran and West Africa instead of the U.S.
I note that I have spoken several times on this subject of the petrodollar and conclude that more and more countries will start buying oil for yuan instead of dollars as the mechanism for doing so has been in place via the International Energy Exchange in Shanghai since March this year.
To conclude my report I look at a new crypto currency exchange called Chaince that focuses on the EOS blockchain projects.
Chaince:
▶️ DTube ▶️ IPFS